$DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with sideward 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 – DownTrend with downward momentum. /ZB – UpTrend with upward momentum. HYG – UpTrend with downward momentum and in a 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 upward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart) $DJT – DownTrend with downward momentum and in a Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – DownTrend with downward momentum. /GC – DownTrend with downward momentum and in a Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze. DBC – DownTrend with downward momentum.
Oil is in an downTrend. Commodities are turning downward. High Yield bond (HYG) which measures market appetite for risk is trending downwards. It is a risk-off market.
$DXY – upTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – UpTrend with upward momentum and in a Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.541. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 148.27. Vix – 16.149.
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 XLK, /ES, /YM, /NQ, XLU, XLV, XLF, XLY, XLP, XLI, /RTY, XLB, XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /YM, /ES, XLK, /NQ, XLV, XLF, XLU, XLY, XLP, XLI, /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.
6 August 2021 – UpTrend and new highs
Summary (Weekly Chart)
$DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with sideward 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 – DownTrend with downward momentum. /ZB – UpTrend with upward momentum. HYG – UpTrend with downward momentum and in a 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 upward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart)
$DJT – DownTrend with downward momentum and in a Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – DownTrend with downward momentum. /GC – DownTrend with downward momentum and in a Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze. DBC – DownTrend with downward momentum.
Oil is in an downTrend. Commodities are turning downward. High Yield bond (HYG) which measures market appetite for risk is trending downwards. It is a risk-off market.
$DXY – upTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – UpTrend with upward momentum and in a Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.541. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 148.27. Vix – 16.149.
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 XLK, /ES, /YM, /NQ, XLU, XLV, XLF, XLY, XLP, XLI, /RTY, XLB, XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /YM, /ES, XLK, /NQ, XLV, XLF, XLU, XLY, XLP, XLI, /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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