22 December 2021 – Here comes the Christmas Rally!
Summary (The Week Ahead) $DJT – DownTrend and accelerating downward momentum. /YM – Sideward Trend and decelerating upward momentum. /RTY – Sideward Trend and decelerating downward momentum. /NQ – UpTrend and decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
The indices are giving mixed signals. The Christmas rally appears to be underway but the Dow Transportation and Russell 2000 is not giving an enthusiastic support.
/CL – Sideward Trend and decelerating downward momentum. /GC – Sideward Trend and decelerating downward momentum. /ZB – Sideward Trend and decelerating upward momentum. HYG – UpTrend with decelerating downward momentum. DBC – UpTrend with decelerating downward momentum.
Daily Tight Squeezes (The Week Ahead) $DXY, /GC, /ZN, EUR/USD
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 XLV, XLK, XLP, XLU, XLB, XLY, XLI, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLP, XLU, XLB, XLF, XLI, XLE and XLY.
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.
22 December 2021 – Here comes the Christmas Rally!
Summary (The Week Ahead)
$DJT – DownTrend and accelerating downward momentum. /YM – Sideward Trend and decelerating upward momentum. /RTY – Sideward Trend and decelerating downward momentum. /NQ – UpTrend and decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
The indices are giving mixed signals. The Christmas rally appears to be underway but the Dow Transportation and Russell 2000 is not giving an enthusiastic support.
/CL – Sideward Trend and decelerating downward momentum. /GC – Sideward Trend and decelerating downward momentum. /ZB – Sideward Trend and decelerating upward momentum. HYG – UpTrend with decelerating downward momentum. DBC – UpTrend with decelerating downward momentum.
Daily Tight Squeezes (The Week Ahead)
$DXY, /GC, /ZN, EUR/USD
Daily Squeezes (The Week Ahead)
/CL, /ES, /NQ, /RTY, /SI, /ZB, NDX, NZD/USD, SPX, USD/JPY
Daily Preliminary Squeezes (The Week Ahead)
$DJT, /YM
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.708. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Vix – 18.63.
Market internals have a bullish bias.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLK, XLP, XLU, XLB, XLY, XLI, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLP, XLU, XLB, XLF, XLI, XLE and XLY.
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.
Share this:
Related