Summary (The Week Ahead) $DJT – UpTrend and accelerating upward momentum. /YM – UpTrend and decelerating upward momentum. /RTY – UpTrend and an decelerating upward momentum and in a preliminary Squeeze. /NQ – UpTrend and accelerating upward momentum. /ES – UpTrend with accelerating upward momentum.
The indices are now in an upTrend and there was a pullback after many days of gains.
/CL – UpTrend and decelerating upward momentum. /GC –UpTrend and accelerating upward momentum. /ZB – Sideward Trend and decelerating downward momentum. HYG – DownTrend with decelerating downward momentum and in a preliminary Squeeze. DBC – UpTrend with decelerating upward momentum.
Junk bond (HYG) and DBC are trending in opposite directions. This indicates a risk-on market.
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 XLK, XLY, XLE, XLF, XLB, XLI, XLP, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLF, XLE, XLI, XLV, XLP, 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.
27 October 2021 – A pullback
Summary (The Week Ahead)
$DJT – UpTrend and accelerating upward momentum. /YM – UpTrend and decelerating upward momentum. /RTY – UpTrend and an decelerating upward momentum and in a preliminary Squeeze. /NQ – UpTrend and accelerating upward momentum. /ES – UpTrend with accelerating upward momentum.
The indices are now in an upTrend and there was a pullback after many days of gains.
/CL – UpTrend and decelerating upward momentum. /GC –UpTrend and accelerating upward momentum. /ZB – Sideward Trend and decelerating downward momentum. HYG – DownTrend with decelerating downward momentum and in a preliminary Squeeze. DBC – UpTrend with decelerating upward momentum.
Junk bond (HYG) and DBC are trending in opposite directions. This indicates a risk-on market.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.514. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 140.6. Vix – 16.98.
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 XLK, XLY, XLE, XLF, XLB, XLI, XLP, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLF, XLE, XLI, XLV, XLP, 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.
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