Summary (The Week Ahead) $DJT – UpTrend and decelerating upward momentum. /YM – UpTrend and decelerating upward momentum. /RTY – UpTrend and decelerating 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 – DownTrend and accelerating downward momentum and in a Squeeze. /GC – UpTrend and accelerating upward momentum. /ZB – DownTrend and decelerating upward momentum. HYG – DownTrend with accelerating downward momentum and in a preliminary Squeeze. DBC – Sideward Trend with decelerating downward momentum.
Junk bond (HYG) and DBC are trending sideward with bearish bias. This indicates the market is now range trading and could be turning downwards.
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 XLP, XLB, XLI, XLK, XLE, XLF, XLY, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, XLI, XLB, XLK, XLF, XLE, 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.
15 November 2021 – Tapering begins, indices fell
Summary (The Week Ahead)
$DJT – UpTrend and decelerating upward momentum. /YM – UpTrend and decelerating upward momentum. /RTY – UpTrend and decelerating 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 – DownTrend and accelerating downward momentum and in a Squeeze. /GC – UpTrend and accelerating upward momentum. /ZB – DownTrend and decelerating upward momentum. HYG – DownTrend with accelerating downward momentum and in a preliminary Squeeze. DBC – Sideward Trend with decelerating downward momentum.
Junk bond (HYG) and DBC are trending sideward with bearish bias. This indicates the market is now range trading and could be turning downwards.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.483. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 142.38. Vix – 16.49.
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 XLP, XLB, XLI, XLK, XLE, XLF, XLY, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, XLI, XLB, XLK, XLF, XLE, 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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