Summary (The Week Ahead) $DJT – UpTrend and decelerating upward momentum. /YM – UpTrend and decelerating upward momentum. /RTY – UpTrend and an accelerating upward momentum. /NQ – UpTrend and decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
The indices are still in an upTrend but has lost momentum.
/CL – UpTrend and accelerating upward momentum and in a Squeeze. /GC – UpTrend and accelerating upward momentum and in a preliminary Squeeze. /ZB – UpTrend and accelerating upward momentum. HYG – UpTrend with accelerating upward momentum and in a preliminary Squeeze. DBC – UpTrend with decelerating downward momentum.
Junk bond (HYG) and DBC are trending in the same bullish 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 XLB, XLE, XLI, XLK, XLP, XLF, XLY, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLE, XLI, XLK, XLP, XLF, XLY, 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.
9 November 2021 – Market re-assessed FED tapering
Summary (The Week Ahead)
$DJT – UpTrend and decelerating upward momentum. /YM – UpTrend and decelerating upward momentum. /RTY – UpTrend and an accelerating upward momentum. /NQ – UpTrend and decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
The indices are still in an upTrend but has lost momentum.
/CL – UpTrend and accelerating upward momentum and in a Squeeze. /GC – UpTrend and accelerating upward momentum and in a preliminary Squeeze. /ZB – UpTrend and accelerating upward momentum. HYG – UpTrend with accelerating upward momentum and in a preliminary Squeeze. DBC – UpTrend with decelerating downward momentum.
Junk bond (HYG) and DBC are trending in the same bullish directions. This indicates a risk-on market.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.427. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 144.09. Vix – 17.78.
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 XLB, XLE, XLI, XLK, XLP, XLF, XLY, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLE, XLI, XLK, XLP, XLF, XLY, 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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