Summary (The Week Ahead) $DJT – DowTrend and downward momentum and in a preliminary Squeeze. /YM – DownTrend and downward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – DownTrend and downward momentum and in a Squeeze. /ES – DownTrend with downward momentum and in a Squeeze.
The indices have turned downwards.
/CL – DownTrend and downward momentum. /GC – Sideward Trend and upward momentum. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
Junk bond (HYG) is on a downTrend and DBC is also in a downTrend. The market is bearish.
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 XLU, XLV, XLK, XLP, /NQ, /ES, /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, XLK, XLU, XLP, /NQ, /ES, /YM, 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.
19 August 2021 – The pullback continues
Summary (The Week Ahead)
$DJT – DowTrend and downward momentum and in a preliminary Squeeze. /YM – DownTrend and downward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – DownTrend and downward momentum and in a Squeeze. /ES – DownTrend with downward momentum and in a Squeeze.
The indices have turned downwards.
/CL – DownTrend and downward momentum. /GC – Sideward Trend and upward momentum. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
Junk bond (HYG) is on a downTrend and DBC is also in a downTrend. The market is bearish.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.613. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 151.19. Vix – 21.67.
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 XLU, XLV, XLK, XLP, /NQ, /ES, /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, XLK, XLU, XLP, /NQ, /ES, /YM, 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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