26 November 2021 – Weekly Review – Market pulled back, Bond traders were right again
Summary (Weekly Chart)
$DJT – UpTrend with accelerating upward momentum. /YM – Sideward Trend with decelerating upward momentum and in a Squeeze. /RTY – Sideward Trend with decelerating upward momentum and in a Squeeze. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
All the indices pulled back.
/CL – DownTrend with decelerating upward momentum. /GC – Sideward Trend with accelerating upward momentum and in a Squeeze. /ZB – Sideward Trend with decreasing downward momentum and in a Squeeze. HYG – DownTrend with accelerating downward momentum and in a preliminary Squeeze. DBC – Sideward Trend with decelerating upward momentum.
HYG is in a downTrend and DBC is in an pulling back. The prognosis is for caution as the market appeared to be turning.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with decelerating upward momentum.
US Dollar is in an Uptrend.
Summary (Daily Chart) $DJT – Sideward Trend with decelerating upward momentum. /YM – DownTrend with decelerating upward momentum. /RTY – DownTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – Sideward Trend with decelerating upward momentum.
/CL – DownTrend with accelerating downward momentum. /GC – DownTrend with decelerating upward momentum. /ZB – Sideward Trend with decelerating upward momentum. HYG – DownTrend with accelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
Oil had a big selloff but gold rally fizzled. High Yield bond (HYG) which measures market appetite for risk has been signaling the market downwards.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – Sideward Trend with decelerating upward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish. Put/Call ratio – 0.645. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 148.27. Vix – 28.62.
Market Internals are showing strength and bullishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLP, XLY, XLE, XLK, XLV, XLB, XLF, XLI and XLU.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLP, XLK, XLY, XLF, XLE, XLB, XLV, XLI 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.
26 November 2021 – Weekly Review – Market pulled back, Bond traders were right again
Summary (Weekly Chart)
$DJT – UpTrend with accelerating upward momentum. /YM – Sideward Trend with decelerating upward momentum and in a Squeeze. /RTY – Sideward Trend with decelerating upward momentum and in a Squeeze. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
All the indices pulled back.
/CL – DownTrend with decelerating upward momentum. /GC – Sideward Trend with accelerating upward momentum and in a Squeeze. /ZB – Sideward Trend with decreasing downward momentum and in a Squeeze. HYG – DownTrend with accelerating downward momentum and in a preliminary Squeeze. DBC – Sideward Trend with decelerating upward momentum.
HYG is in a downTrend and DBC is in an pulling back. The prognosis is for caution as the market appeared to be turning.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with decelerating upward momentum.
US Dollar is in an Uptrend.
Summary (Daily Chart)
$DJT – Sideward Trend with decelerating upward momentum. /YM – DownTrend with decelerating upward momentum. /RTY – DownTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – Sideward Trend with decelerating upward momentum.
/CL – DownTrend with accelerating downward momentum. /GC – DownTrend with decelerating upward momentum. /ZB – Sideward Trend with decelerating upward momentum. HYG – DownTrend with accelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
Oil had a big selloff but gold rally fizzled. High Yield bond (HYG) which measures market appetite for risk has been signaling the market downwards.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – Sideward Trend with decelerating upward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.645. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 148.27. Vix – 28.62.
Market Internals are showing strength and bullishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLP, XLY, XLE, XLK, XLV, XLB, XLF, XLI and XLU.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLP, XLK, XLY, XLF, XLE, XLB, XLV, XLI 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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