29 December 2021 – Market bulls hold back the bears

Indices/Indices as of close of 29 December 2021

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

The indices hover near their all-time highs.

/CL – UpTrend and decelerating downward momentum. /GC – UpTrend and accelerating upward momentum. /ZB – DownTrend and accelerating downward momentum. HYG – UpTrend with accelerating upward momentum. DBC – UpTrend with decelerating downward momentum.

Daily Tight Squeezes (The Week Ahead)
$DXY, EUR/USD

Daily Squeezes (The Week Ahead)
$DJT, /GC, /NQ, /RTY, /SI, /ZN, NZD/USD

Daily Preliminary Squeezes (The Week Ahead)
/ZB, NDX, QQQ

Indices/Market Internals as of close of 29 December 2021 — Market Internals

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 1.679. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Vix – 16.95.

Market internals has a bullish bias.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 29 December 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 XLB, XLV, XLP, XLK, XLU, XLI, XLY, XLF and XLE.

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

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.