$DJT – DownTrend 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 decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
The indices had a rather volatile week.
/CL – UpTrend with accelerating upward momentum and in a preliminary Squeeze. /GC – DownTrend with accelerating downward momentum and in a preliminary Squeeze. /ZB – DownTrend with decelerating upward momentum. HYG – UpTrend with decelerating upward momentum and in a Squeeze. DBC – UpTrend with accelerating 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 accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum and in a Squeeze.
US Dollar is in an Uptrend.
Summary (Daily Chart) $DJT – UpTrend with accelerating upward momentum. /YM – UpTrend with decelerating downward momentum. /RTY – Sideward Trend with sideward momentum. /NQ – UpTrend with decelerating downward momentum. /ES – UpTrend with decelerating downward momentum.
/CL – UpTrend with accelerating upward momentum. /GC – DownTrend with decelerating downward momentum. /ZB – DownTrend with accelerating downward momentum. HYG – DownTrend with accelerating downward momentum. DBC – UpTrend with accelerating upward momentum.
Oil and commodities are in an upTrend. High Yield bond (HYG) which measures market appetite for risk is trending downwards. We have a mixed signaling from junk bonds and commodities. We can expect volatility as a result.
$DXY – UpTrend with decelerating upward momentum. EUR/USD – DownTrend with decelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
Market Internals (Daily Chart) Market Sentiment – Bullish. Put/Call ratio – 0.646. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 134.46. Vix – 18.77.
Market Internals are showing strength and bullishness.
Relative Strength – Sectors
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLY, XLI, XLK, XLP, XLB, XLU and XLV.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLY, XLK, XLI, XLP, XLV, XLB 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.
8 October 2021 – Weekly Review – A Bull’s Week
Summary (Weekly Chart)
$DJT – DownTrend 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 decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
The indices had a rather volatile week.
/CL – UpTrend with accelerating upward momentum and in a preliminary Squeeze. /GC – DownTrend with accelerating downward momentum and in a preliminary Squeeze. /ZB – DownTrend with decelerating upward momentum. HYG – UpTrend with decelerating upward momentum and in a Squeeze. DBC – UpTrend with accelerating 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 accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum and in a Squeeze.
US Dollar is in an Uptrend.
Summary (Daily Chart)
$DJT – UpTrend with accelerating upward momentum. /YM – UpTrend with decelerating downward momentum. /RTY – Sideward Trend with sideward momentum. /NQ – UpTrend with decelerating downward momentum. /ES – UpTrend with decelerating downward momentum.
/CL – UpTrend with accelerating upward momentum. /GC – DownTrend with decelerating downward momentum. /ZB – DownTrend with accelerating downward momentum. HYG – DownTrend with accelerating downward momentum. DBC – UpTrend with accelerating upward momentum.
Oil and commodities are in an upTrend. High Yield bond (HYG) which measures market appetite for risk is trending downwards. We have a mixed signaling from junk bonds and commodities. We can expect volatility as a result.
$DXY – UpTrend with decelerating upward momentum. EUR/USD – DownTrend with decelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
Market Internals (Daily Chart)
Market Sentiment – Bullish. Put/Call ratio – 0.646. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 134.46. Vix – 18.77.
Market Internals are showing strength and bullishness.
Relative Strength – Sectors
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLY, XLI, XLK, XLP, XLB, XLU and XLV.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLY, XLK, XLI, XLP, XLV, XLB 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.
Share this:
Related