Summary (The Week Ahead) $DJT – UpTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend and upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices have turned upwards.
/CL – DownTrend and downward momentum. /GC – UpTrend and upward momentum. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – DownTrend with downward momentum.
Junk bond (HYG) is on an upTrend and DBC is in a downTrend. The market is giving mix signals.
Market internals are showing bullish 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 /NQ, /ES, XLK, XLV, /YM, XLU, XLP, XLF, XLY, XLI, XLB, /RTY, $DJT and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /NQ, /ES, XLK, /YM, XLV, XLF, XLP, XLU, XLI, XLY, /RTY, XLB, $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.
23 August 2021 – It is Up and Up!
Summary (The Week Ahead)
$DJT – UpTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend and upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices have turned upwards.
/CL – DownTrend and downward momentum. /GC – UpTrend and upward momentum. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – DownTrend with downward momentum.
Junk bond (HYG) is on an upTrend and DBC is in a downTrend. The market is giving mix signals.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.69. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 159.02. Vix – 17.15.
Market internals are showing bullish 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 /NQ, /ES, XLK, XLV, /YM, XLU, XLP, XLF, XLY, XLI, XLB, /RTY, $DJT and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /NQ, /ES, XLK, /YM, XLV, XLF, XLP, XLU, XLI, XLY, /RTY, XLB, $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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