27 August 2021 – Weekly Review – A volatile week indeed!
Summary (Weekly Chart)
$DJT – Sideward Trend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with upward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and new All-Time high. /ES – UpTrend with upward momentum and new all-Time high.
The indices had a rather volatile week and the indices made new highs.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – UpTrend with upward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Both HYG and DBC are in a UpTrend. When both are in the same direction, the prognosis is for a continuing bull market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart) $DJT – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum, new All-Time high and in a preliminary Squeeze. /ES – UpTrend with upward momentum, new all-Time high and in a preliminary Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Oil and commodities are in a upTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – upTrend with sideward momentum. EUR/USD – upTrend with upward momentum. USD/JPY – UpTrend with upward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart) Market Sentiment – Bullish . Put/Call ratio – 0.631. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 163.42. Vix – 16.39.
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 XLF, /ES, /NQ, XLK, /YM, XLB, XLI, XLV, XLY, XLU, /RTY, XLP, $DJT and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, /ES, /NQ, XLK, /YM, XLI, XLV, XLY, /RTY, XLU, XLB, XLP, $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.
27 August 2021 – Weekly Review – A volatile week indeed!
Summary (Weekly Chart)
$DJT – Sideward Trend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with upward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and new All-Time high. /ES – UpTrend with upward momentum and new all-Time high.
The indices had a rather volatile week and the indices made new highs.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – UpTrend with upward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Both HYG and DBC are in a UpTrend. When both are in the same direction, the prognosis is for a continuing bull market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum, new All-Time high and in a preliminary Squeeze. /ES – UpTrend with upward momentum, new all-Time high and in a preliminary Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Oil and commodities are in a upTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – upTrend with sideward momentum. EUR/USD – upTrend with upward momentum. USD/JPY – UpTrend with upward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Bullish . Put/Call ratio – 0.631. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 163.42. Vix – 16.39.
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 XLF, /ES, /NQ, XLK, /YM, XLB, XLI, XLV, XLY, XLU, /RTY, XLP, $DJT and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, /ES, /NQ, XLK, /YM, XLI, XLV, XLY, /RTY, XLU, XLB, XLP, $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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