19 November 2021 – Weekly Review – Dow headed South
Summary (Weekly Chart)
$DJT – UpTrend with accelerating upward momentum. /YM – UpTrend with decelerating upward momentum and in a Squeeze. /RTY – UpTrend with accelerating upward momentum and in a Squeeze. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with accelerating upward momentum.
The Dow Industrial futures is pulling back while the Nasdaq is making new highs.
/CL – UpTrend with decelerating upward momentum. /GC – UpTrend with accelerating upward momentum and in a Squeeze. /ZB – Sideward Trend with decreasing downward momentum. HYG – DownTrend with accelerating downward momentum and in a preliminary Squeeze. DBC – UpTrend with decelerating upward momentum.
HYG is in a downTrend and DBC is in an pulling back. The prognosis is for caution.
$DXY – UpTrend with accelerating upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
US Dollar is in an Uptrend.
Summary (Daily Chart) $DJT – UpTrend with decelerating upward momentum. /YM – UpTrend with decelerating upward momentum. /RTY – UpTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
/CL – DownTrend with decelerating upward momentum. /GC – UpTrend with accelerating upward momentum. /ZB – Sideward Trend with accelerating upward momentum. HYG – DownTrend with accelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
Gold is now upTrending and Oil is turning downwards. High Yield bond (HYG) which measures market appetite for risk is trending downwards.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with decelerating upward momentum.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish. Put/Call ratio – 0.521. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 148.44. Vix – 17.91.
Market Internals are showing strength and bullishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, XLB, XLI, XLP, XLV, XLE, XLF and XLU.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, XLI, XLB, XLP, XLF, XLV, XLE 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.
19 November 2021 – Weekly Review – Dow headed South
Summary (Weekly Chart)
$DJT – UpTrend with accelerating upward momentum. /YM – UpTrend with decelerating upward momentum and in a Squeeze. /RTY – UpTrend with accelerating upward momentum and in a Squeeze. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with accelerating upward momentum.
The Dow Industrial futures is pulling back while the Nasdaq is making new highs.
/CL – UpTrend with decelerating upward momentum. /GC – UpTrend with accelerating upward momentum and in a Squeeze. /ZB – Sideward Trend with decreasing downward momentum. HYG – DownTrend with accelerating downward momentum and in a preliminary Squeeze. DBC – UpTrend with decelerating upward momentum.
HYG is in a downTrend and DBC is in an pulling back. The prognosis is for caution.
$DXY – UpTrend with accelerating upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
US Dollar is in an Uptrend.
Summary (Daily Chart)
$DJT – UpTrend with decelerating upward momentum. /YM – UpTrend with decelerating upward momentum. /RTY – UpTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
/CL – DownTrend with decelerating upward momentum. /GC – UpTrend with accelerating upward momentum. /ZB – Sideward Trend with accelerating upward momentum. HYG – DownTrend with accelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
Gold is now upTrending and Oil is turning downwards. High Yield bond (HYG) which measures market appetite for risk is trending downwards.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with decelerating upward momentum.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.521. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 148.44. Vix – 17.91.
Market Internals are showing strength and bullishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, XLB, XLI, XLP, XLV, XLE, XLF and XLU.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, XLI, XLB, XLP, XLF, XLV, XLE 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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