10 September 2021 – Weekly Review -The indices pulled back!
Summary (Weekly Chart)
$DJT – UpTrend with accelerating 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 decelerating upward momentum.
The indices had a rather volatile week and the Nasdaq made new high.
/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 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 tight Squeeze.
US Dollar is still in an Uptrend.
Summary (Daily Chart) $DJT – DownTrend with accelerating downward momentum and in a preliminary Squeeze. /YM – DownTrend with accelerating downward momentum and in a preliminary Squeeze. /RTY – UpTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
/CL – UpTrend with accelerating upward momentum and in a preliminary Squeeze. /GC – UpTrend with decelerating upward momentum. /ZB – DownTrend with decelerating downward momentum. HYG – UpTrend with decelerating 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.
$DXY – UpTrend with decelerating downward momentum. EUR/USD – DownTrend with decelerating upward momentum. USD/JPY – DownTrend with decelerating upward momentum and in a tight Squeeze.
Market Internals (Daily Chart) Market Sentiment – Bullish . Put/Call ratio – 0.544. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 151.16. Vix – 20.95.
Market Internals are showing strength.
Relative Strength – Sectors
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLY, XLU, XLK, XLP, XLV, XLB, XLF, XLI and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLY, XLK, XLF, XLV, XLP, XLU, 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.
10 September 2021 – Weekly Review -The indices pulled back!
Summary (Weekly Chart)
$DJT – UpTrend with accelerating 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 decelerating upward momentum.
The indices had a rather volatile week and the Nasdaq made new high.
/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 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 tight Squeeze.
US Dollar is still in an Uptrend.
Summary (Daily Chart)
$DJT – DownTrend with accelerating downward momentum and in a preliminary Squeeze. /YM – DownTrend with accelerating downward momentum and in a preliminary Squeeze. /RTY – UpTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
/CL – UpTrend with accelerating upward momentum and in a preliminary Squeeze. /GC – UpTrend with decelerating upward momentum. /ZB – DownTrend with decelerating downward momentum. HYG – UpTrend with decelerating 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.
$DXY – UpTrend with decelerating downward momentum. EUR/USD – DownTrend with decelerating upward momentum. USD/JPY – DownTrend with decelerating upward momentum and in a tight Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Bullish . Put/Call ratio – 0.544. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 151.16. Vix – 20.95.
Market Internals are showing strength.
Relative Strength – Sectors
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLY, XLU, XLK, XLP, XLV, XLB, XLF, XLI and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLY, XLK, XLF, XLV, XLP, XLU, 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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