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 XLE, XLF, XLY, XLU, XLB, XLI, XLP, XLK and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLF, XLY, XLK, XLI, XLV, XLB, XLP, and XLU.
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.
4 October 2021 – Debt ceiling spook market
Summary (The Week Ahead)
$DJT – DownTrend and decelerating downward momentum. /YM – DownTrend and accelerating downward momentum. /RTY – DownTrend and accelerating downward momentum. /NQ – DownTrend and accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
The indices sold off on fears off that the US government is unable to service its debt.
/CL – UpTrend and accelerating upward momentum. /GC – UpTrend and decelerating downward momentum. /ZB – DownTrend and decelerating downward momentum. HYG – DownTrend with accelerating downward momentum. DBC – UpTrend with accelerating upward momentum.
Junk bond (HYG) and DBC are trending in opposite directions. This indicate a risk-of market.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.723. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 130.87. Vix – 22.96.
Market internals are showing bullish bias.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLY, XLU, XLB, XLI, XLP, XLK and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLF, XLY, XLK, XLI, XLV, XLB, XLP, and XLU.
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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