$DJT – Sideward Trend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum, new All-Time high and in a Squeeze. /RTY – DownTrend with sideward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and new all-Time high.
The indices had a rather volatile week.
/CL – DownTrend with downward momentum. /GC – DownTrend with downward momentum and in a preliminary Squeeze. /ZB – UpTrend with upward momentum. HYG – DownTrend with downward momentum and in a Squeeze. DBC – DownTrend with downward momentum.
Both HYG and DBC are in a DownTrend.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with sideward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart) $DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – DownTrend with downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
/CL – DownTrend with downward momentum. /GC – Sideward Trend with upward momentum. /ZB – UpTrend with upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
Oil is in an downTrend. Commodities are in a DownTrend. High Yield bond (HYG) which measures market appetite for risk is trending downwards. It is a risk-off market.
$DXY – upTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart) Market Sentiment – Bullish . Put/Call ratio – 0.763. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 153.51. Vix – 18.56.
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, XLU, XLV, /NQ, XLP, /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 XLK, XLU, /NQ, XLV, /ES, XLP, /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.
20 August 2021 – Weekly Review – A Volatile week
Summary (Weekly Chart)
$DJT – Sideward Trend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum, new All-Time high and in a Squeeze. /RTY – DownTrend with sideward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and new all-Time high.
The indices had a rather volatile week.
/CL – DownTrend with downward momentum. /GC – DownTrend with downward momentum and in a preliminary Squeeze. /ZB – UpTrend with upward momentum. HYG – DownTrend with downward momentum and in a Squeeze. DBC – DownTrend with downward momentum.
Both HYG and DBC are in a DownTrend.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with sideward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart)
$DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – DownTrend with downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
/CL – DownTrend with downward momentum. /GC – Sideward Trend with upward momentum. /ZB – UpTrend with upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
Oil is in an downTrend. Commodities are in a DownTrend. High Yield bond (HYG) which measures market appetite for risk is trending downwards. It is a risk-off market.
$DXY – upTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Bullish . Put/Call ratio – 0.763. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 153.51. Vix – 18.56.
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, XLU, XLV, /NQ, XLP, /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 XLK, XLU, /NQ, XLV, /ES, XLP, /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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