8 November 2021 – Ever higher, Infrastructure Bill passed
Summary (The Week Ahead) $DJT – UpTrend and accelerating upward momentum. /YM – UpTrend and accelerating upward momentum and all-time high. /RTY – UpTrend and an accelerating upward momentum. /NQ – UpTrend and accelerating upward momentum. /ES – UpTrend with accelerating upward momentum.
The indices are making new All-Time highs on a daily basis.
/CL – UpTrend and decelerating upward momentum. /GC –UpTrend and accelerating upward momentum. /ZB – UpTrend and accelerating upward momentum. HYG – UpTrend with accelerating upward momentum and in a preliminary Squeeze. DBC – UpTrend with accelerating downward momentum.
Junk bond (HYG) and DBC are trending in opposite directions. This indicates a risk-off 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, XLB, XLE, XLI, XLY, XLF, XLP, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLB, XLE, XLI, XLF, XLY, XLP, XLV 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 November 2021 – Ever higher, Infrastructure Bill passed
Summary (The Week Ahead)
$DJT – UpTrend and accelerating upward momentum. /YM – UpTrend and accelerating upward momentum and all-time high. /RTY – UpTrend and an accelerating upward momentum. /NQ – UpTrend and accelerating upward momentum. /ES – UpTrend with accelerating upward momentum.
The indices are making new All-Time highs on a daily basis.
/CL – UpTrend and decelerating upward momentum. /GC –UpTrend and accelerating upward momentum. /ZB – UpTrend and accelerating upward momentum. HYG – UpTrend with accelerating upward momentum and in a preliminary Squeeze. DBC – UpTrend with accelerating downward momentum.
Junk bond (HYG) and DBC are trending in opposite directions. This indicates a risk-off market.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.489. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 149.24. Vix – 17.22.
Market internals are showing bullishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLB, XLE, XLI, XLY, XLF, XLP, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLB, XLE, XLI, XLF, XLY, XLP, XLV 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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