Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze Squeeze. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend and sideward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices remained volatile.
/CL – DownTrend and downward momentum. /GC – Sideward Trend and upward momentum. /ZB – UpTrend and upward momentum and in a Squeeze. HYG – DownTrend with sideward momentum. DBC – DownTrend with downward momentum and in a Squeeze.
Junk bond (HYG) is on a downTrend and DBC is also in a downTrend. The market has a bearish bias.
Market internals are showing bearish bias and the Skew is extremely high.
Relative Strength – Sectors.
Ranking the Strength of the S&P 500 ETFs over 12 month period
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLP, XLK, XLU, /ES, /NQ, /YM, XLF, XLI, XLB, XLY, $DJT, /RTY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLP, /ES, XLK, /YM, XLU, /NQ, XLF, XLI, XLB, XLY, /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.
17 August 2021 – Market turns?
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a preliminary Squeeze Squeeze. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend and sideward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices remained volatile.
/CL – DownTrend and downward momentum. /GC – Sideward Trend and upward momentum. /ZB – UpTrend and upward momentum and in a Squeeze. HYG – DownTrend with sideward momentum. DBC – DownTrend with downward momentum and in a Squeeze.
Junk bond (HYG) is on a downTrend and DBC is also in a downTrend. The market has a bearish bias.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.605. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 149.05. Vix – 17.91.
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, XLP, XLK, XLU, /ES, /NQ, /YM, XLF, XLI, XLB, XLY, $DJT, /RTY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLP, /ES, XLK, /YM, XLU, /NQ, XLF, XLI, XLB, XLY, /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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