Summary (The Week Ahead) $DJT – DownTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a Squeeze. /NQ – UpTrend and upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are exhibiting indecisiveness. The leading indices which are the Dow Transportation and the Russell 2000 are heading South.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a tight Squeeze. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC are diverging. Junk bond is now in a DownTrend with downward momentum. The market could be turning.
Market internals are showing bearish bias and the Skew is extremely high.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLK, /NQ, /ES, /YM, XLU, XLY, XLP, XLI, /RTY, XLF, XLB, XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, /ES, /YM, /NQ, XLK, XLY, XLP, XLI, XLF, XLU, /RTY, XLB, XLE and $DJT.
To Your Wealth! Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
2 August 2021 – Another pullback?
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a Squeeze. /NQ – UpTrend and upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are exhibiting indecisiveness. The leading indices which are the Dow Transportation and the Russell 2000 are heading South.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a tight Squeeze. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC are diverging. Junk bond is now in a DownTrend with downward momentum. The market could be turning.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.696. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 153.3. Vix – 19.46.
Market internals are showing bearish bias and the Skew is extremely high.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLK, /NQ, /ES, /YM, XLU, XLY, XLP, XLI, /RTY, XLF, XLB, XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, /ES, /YM, /NQ, XLK, XLY, XLP, XLI, XLF, XLU, /RTY, XLB, XLE and $DJT.
To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948.
If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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