3 August 2021 – A volatile market, indices reversed upwards
Summary (The Week Ahead) $DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – Sideward Trend 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 have reversed upwards during earnings season.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a 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 bullish 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, /ES, XLK, /NQ, /YM, XLU, XLY, XLP, XLI, XLF, XLB, /RTY, 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, XLU, XLF, /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.
3 August 2021 – A volatile market, indices reversed upwards
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – Sideward Trend 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 have reversed upwards during earnings season.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a 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 – 0.57. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 152.56. Vix – 18.04.
Market internals are showing bullish 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, /ES, XLK, /NQ, /YM, XLU, XLY, XLP, XLI, XLF, XLB, /RTY, 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, XLU, XLF, /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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