16 August 2021 – New All-Time highs in Dow and S&P 500
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a tight Squeeze. /NQ – UpTrend and upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are giving mix signals. The S&P 500 and the Dow Industrial made new all-time highs but the Russell 2000 is in a downtrend.
/CL – DownTrend and downward momentum. /GC – Sideward Trend and upward momentum. /ZB –UpTrend and upward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – DownTrend with downward momentum and in a preliminary Squeeze.
Junk bond (HYG) is back on a upTrend and DBC is still in a downTrend. The market remains volatile.
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 XLK, XLV, XLP, /ES, /NQ, /YM, XLU, XLF, XLI, XLY, XLB, $DJT, /RTY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLV, XLP, /ES, /YM, /NQ, XLF, XLU, 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.
16 August 2021 – New All-Time highs in Dow and S&P 500
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a tight Squeeze. /NQ – UpTrend and upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are giving mix signals. The S&P 500 and the Dow Industrial made new all-time highs but the Russell 2000 is in a downtrend.
/CL – DownTrend and downward momentum. /GC – Sideward Trend and upward momentum. /ZB –UpTrend and upward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – DownTrend with downward momentum and in a preliminary Squeeze.
Junk bond (HYG) is back on a upTrend and DBC is still in a downTrend. The market remains volatile.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.586. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 152.54. Vix – 16.12.
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 XLK, XLV, XLP, /ES, /NQ, /YM, XLU, XLF, XLI, XLY, XLB, $DJT, /RTY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLV, XLP, /ES, /YM, /NQ, XLF, XLU, 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.
Share this:
Related