13 August 2021: Weekly Review – Another record week for the Dow
Summary (Weekly Chart)
$DJT – Sideward Trend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze and a new All-Time High. /RTY – UpTrend with sideward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and new all-Time high.
The S&P 500 and Nasdaq 100 are making new highs.
/CL – UpTrend with downward momentum. /GC – DownTrend with downward momentum. /ZB – UpTrend with upward momentum. HYG – Sideward Trend with downward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
HYG has bearish bias and DBC is in an UpTrend. We have a mix signals.
$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 – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – Sideward Trend with downward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
/CL – DownTrend with downward momentum and . /GC – Sideward Trend with upward momentum. /ZB – Sideward Trend with upward momentum and in a Squeeze. HYG – Sideward Trend with upward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Oil is in an downTrend. Commodities are range trading. 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 preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.575. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 159.66. Vix – 15.45.
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 /ES, XLU, XLK, XLP, /NQ, /YM, XLV, XLF, XLI, XLY, XLB, /RTY, $DJT and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLP, XLU, XLK, /YM, /NQ, XLV, XLF, XLI, XLY, XLB, /RTY, $DJT and XLE.
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.
13 August 2021: Weekly Review – Another record week for the Dow
Summary (Weekly Chart)
$DJT – Sideward Trend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze and a new All-Time High. /RTY – UpTrend with sideward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and new all-Time high.
The S&P 500 and Nasdaq 100 are making new highs.
/CL – UpTrend with downward momentum. /GC – DownTrend with downward momentum. /ZB – UpTrend with upward momentum. HYG – Sideward Trend with downward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
HYG has bearish bias and DBC is in an UpTrend. We have a mix signals.
$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 – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – Sideward Trend with downward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
/CL – DownTrend with downward momentum and . /GC – Sideward Trend with upward momentum. /ZB – Sideward Trend with upward momentum and in a Squeeze. HYG – Sideward Trend with upward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Oil is in an downTrend. Commodities are range trading. 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 preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.575. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 159.66. Vix – 15.45.
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 /ES, XLU, XLK, XLP, /NQ, /YM, XLV, XLF, XLI, XLY, XLB, /RTY, $DJT and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLP, XLU, XLK, /YM, /NQ, XLV, XLF, XLI, XLY, XLB, /RTY, $DJT and XLE.
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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