$DJT – UpTrend with decelerating downward momentum and in a preliminary Squeeze. /YM – UpTrend with decelerating upward momentum and in a Squeeze. /RTY – UpTrend with decelerating downward momentum and in a tight Squeeze. /NQ – UpTrend with accelerating upward momentum and new All-Time high. /ES – UpTrend with accelerating upward momentum and new all-Time high.
The indices had a rather volatile week and the indices made new highs.
/CL – UpTrend with decelerating upward momentum and in a preliminary Squeeze. /GC – UpTrend with decelerating downward momentum and in a preliminary Squeeze. /ZB – DownTrend with decelerating upward momentum. HYG – UpTrend with accelerating upward momentum and in a Squeeze. DBC – UpTrend with decelerating 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 decelerating upward momentum. EUR/USD – DownTrend with decelerating downward momentum. USD/JPY – UpTrend with decelerating upward momentum and in a Squeeze.
US Dollar is still in an Uptrend.
Summary (Daily Chart) $DJT – UpTrend with decelerating upward momentum and in a preliminary Squeeze. /YM – UpTrend with decelerating upward momentum and in a Squeeze. /RTY – UpTrend with accelerating upward momentum. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with upward momentum, new all-Time high.
/CL – UpTrend with accelerating upward momentum and in a preliminary Squeeze. /GC – UpTrend with accelerating upward momentum. /ZB – DownTrend with accelerating downward momentum and in a preliminary Squeeze. HYG – UpTrend with accelerating upward momentum. DBC – UpTrend with accelerating 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 – DownTrend with acceleerating downward momentum. EUR/USD – UpTrend with accelerating upward momentum. USD/JPY – DownTrend with decelerating upward momentum and in a Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremly Bullish . Put/Call ratio – 0.502. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 162.27. Vix – 16.41.
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 XLV, XLK, XLU, XLY, XLP, XLB, XLI, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, XLP, XLU, XLF, XLI, XLB, 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.
3 September 2021 – Weekly Review
Summary (Weekly Chart)
$DJT – UpTrend with decelerating downward momentum and in a preliminary Squeeze. /YM – UpTrend with decelerating upward momentum and in a Squeeze. /RTY – UpTrend with decelerating downward momentum and in a tight Squeeze. /NQ – UpTrend with accelerating upward momentum and new All-Time high. /ES – UpTrend with accelerating upward momentum and new all-Time high.
The indices had a rather volatile week and the indices made new highs.
/CL – UpTrend with decelerating upward momentum and in a preliminary Squeeze. /GC – UpTrend with decelerating downward momentum and in a preliminary Squeeze. /ZB – DownTrend with decelerating upward momentum. HYG – UpTrend with accelerating upward momentum and in a Squeeze. DBC – UpTrend with decelerating 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 decelerating upward momentum. EUR/USD – DownTrend with decelerating downward momentum. USD/JPY – UpTrend with decelerating upward momentum and in a Squeeze.
US Dollar is still in an Uptrend.
Summary (Daily Chart)
$DJT – UpTrend with decelerating upward momentum and in a preliminary Squeeze. /YM – UpTrend with decelerating upward momentum and in a Squeeze. /RTY – UpTrend with accelerating upward momentum. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with upward momentum, new all-Time high.
/CL – UpTrend with accelerating upward momentum and in a preliminary Squeeze. /GC – UpTrend with accelerating upward momentum. /ZB – DownTrend with accelerating downward momentum and in a preliminary Squeeze. HYG – UpTrend with accelerating upward momentum. DBC – UpTrend with accelerating 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 – DownTrend with acceleerating downward momentum. EUR/USD – UpTrend with accelerating upward momentum. USD/JPY – DownTrend with decelerating upward momentum and in a Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremly Bullish . Put/Call ratio – 0.502. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 162.27. Vix – 16.41.
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 XLV, XLK, XLU, XLY, XLP, XLB, XLI, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, XLP, XLU, XLF, XLI, XLB, 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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