23 November 2021 – Volatility in the indices!

Indices/Indices as of close of 23 November 2021

Summary (The Week Ahead)
$DJT – UpTrend and decelerating upward momentum. /YM – DownTrend and decelerating upward momentum with Squeeze. /RTY – DownTrend and decelerating upward momentum. /NQ – UpTrend and decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.

The indices are giving mixed signals.

/CL – DownTrend and decelerating upward momentum and in a preliminary Squeeze. /GC – DownTrend and decelerating upward momentum. /ZB – DownTrend and accelerating downward momentum and in a Squeeze. HYG – DownTrend with accelerating downward momentum. DBC – Sideward Trend with decelerating upward momentum and in a preliminary Squeeze.

Indices/Market Internals as of close of 23 November 2021 — Market Internals

Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.573. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 146.99. Vix – 17.59.

Market internals are showing bearish bias.

Relative Strength – Sectors.

Indices/S&P 500 Sectors as close of 23 November 2021 — 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, XLF, XLI, XLY, XLE, XLK, XLV and XLU.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, XLF, XLI, XLB, XLY, XLE, XLK, 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.