24 November 2021 – A Bullish close into Thanksgiving (Indegenous Day?)
Summary (The Week Ahead) $DJT – UpTrend and decelerating upward momentum and in a preliminary Squeeze. /YM – Sideward Trend 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 and it is going into a preliminary Squeezes.
/CL – DownTrend and accelerating downward 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 – UpTrend with decelerating upward momentum and in a Squeeze.
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, XLE, XLY, XLK, XLI, XLF, XLB, XLU and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, XLF, XLI, XLE, XLK, XLY, XLB, 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.
24 November 2021 – A Bullish close into Thanksgiving (Indegenous Day?)
Summary (The Week Ahead)
$DJT – UpTrend and decelerating upward momentum and in a preliminary Squeeze. /YM – Sideward Trend 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 and it is going into a preliminary Squeezes.
/CL – DownTrend and accelerating downward 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 – UpTrend with decelerating upward momentum and in a Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.665. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 148.15. Vix – 18.58.
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, XLE, XLY, XLK, XLI, XLF, XLB, XLU and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, XLF, XLI, XLE, XLK, XLY, XLB, 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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