Summary (The Week Ahead) $DJT – DownTrend and accelerating downward momentum and in a preliminary Squeeze. /YM – DownTrend and accelerating downward momentum and in a preliminary Squeeze. /RTY – DownTrend and decelerating upward momentum. /NQ – UpTrend and decelerating upward momentum. /ES – DownTrend with decelerating upward momentum.
The indices are turning downwards.
/CL – UpTrend and accelerating upward momentum. /GC – UpTrend and accelerating upward momentum. /ZB – DownTrend and decelerating downward momentum. HYG – UpTrend with decelerating upward momentum. DBC – UpTrend with accelerating upward momentum.
Junk bond (HYG) and DBC are both in an upTrend and with upward momentum. The market is experiencing volatility.
Market internals are showing bearish 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 XLY, XLK, XLU, XLF, XLP, XLV, XLB, XLE and XLI.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs 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.
14 September 2021 – A slow pullback
Summary (The Week Ahead)
$DJT – DownTrend and accelerating downward momentum and in a preliminary Squeeze. /YM – DownTrend and accelerating downward momentum and in a preliminary Squeeze. /RTY – DownTrend and decelerating upward momentum. /NQ – UpTrend and decelerating upward momentum. /ES – DownTrend with decelerating upward momentum.
The indices are turning downwards.
/CL – UpTrend and accelerating upward momentum. /GC – UpTrend and accelerating upward momentum. /ZB – DownTrend and decelerating downward momentum. HYG – UpTrend with decelerating upward momentum. DBC – UpTrend with accelerating upward momentum.
Junk bond (HYG) and DBC are both in an upTrend and with upward momentum. The market is experiencing volatility.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.612. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribulation. Skew – 146.73. Vix – 19.46.
Market internals are showing bearish 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 XLY, XLK, XLU, XLF, XLP, XLV, XLB, XLE and XLI.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs 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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