30 July 2021 – Weekly Review – A volatile week for indices and gold
Summary (Weekly Chart)
$DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – DownTrend with downward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and new All-Time high. /ES – UpTrend with upward momentum and new all-Time high.
The Dow Transportation is signalling bearishness while the S&P 500 and Nasdaq 100 are making new highs.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum. /ZB – UpTrend with upward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Both HYG and DBC are in an UpTrend and as such the upTrend is intact.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with downward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart) $DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum and in a Squeeze. /ZB – UpTrend with upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Oil is in an UpTrend. Commodities are turning upward. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – DownTrend with downward momentum and in a Squeeze. EUR/USD – UpTrend with upward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals (Daily Chart) Market Sentiment – Bullish . Put/Call ratio – 0.551. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 153.71. Vix – 18.24.
Market Internals are showing strength.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLK, /ES, /NQ, /YM, XLP, XLY, XLU, XLI, XLB, /RTY, XLF, XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, /YM, /ES, XLK, /NQ, XLP, XLY, XLI, XLF, /RTY, XLB, XLU, XLE and $DJT.
30 July 2021 – Weekly Review – A volatile week for indices and gold
Summary (Weekly Chart)
$DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – DownTrend with downward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and new All-Time high. /ES – UpTrend with upward momentum and new all-Time high.
The Dow Transportation is signalling bearishness while the S&P 500 and Nasdaq 100 are making new highs.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum. /ZB – UpTrend with upward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Both HYG and DBC are in an UpTrend and as such the upTrend is intact.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with downward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart)
$DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum and in a Squeeze. /ZB – UpTrend with upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Oil is in an UpTrend. Commodities are turning upward. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – DownTrend with downward momentum and in a Squeeze. EUR/USD – UpTrend with upward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Bullish . Put/Call ratio – 0.551. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 153.71. Vix – 18.24.
Market Internals are showing strength.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLK, /ES, /NQ, /YM, XLP, XLY, XLU, XLI, XLB, /RTY, XLF, XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, /YM, /ES, XLK, /NQ, XLP, XLY, XLI, XLF, /RTY, XLB, XLU, XLE and $DJT.
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