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Stock Market Technicals For Week of June 8, 2020 [Premium Articles]

The report is for week of June 8, 2020, and includes analysis of major market indexes and ETFs. Access to full article requires Premium Articles subscription.

Report contents

  1. Weekly summary and recap.
  2. Weekly analysis of major indexes.
  3. Major index overbought/oversold conditions.
  4. Analysis of popular ETFs.
  5. Low volatility versus high beta analysis.
  6. Sector performance.
  7. Chart of the week.
  8. Conclusion.

1. Weekly summary

  • Stocks rallied for third week in a row.
  • Rally in high beta large caps was explosive.
  • Bond yields surged and prices plunged.
  • Gold was lower – crude oil continued to rebound.
  • U.S. dollar fell for third week in a row.

Recap (June 1, 2020 – June 5, 2020)

Index Week YTD
S&P 500 +4.9% -1.1%
DJIA +6.8% -5.0%
NASDAQ +3.4% +9.4%
Russell 2000 +8.1% -9.7%
10-Year Note +25 bps -1.02%
Gold (London fix) -2.6% +10.5%
Dollar Index -1.4% +0.9%
WTI Crude Spot +11.1% -35.5%
Bitcoin Futures +3.5% +35.9%

2. Weekly analysis of major indexes

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Specific disclaimer: This report includes charts that may reference price target levels determined by technical and/or quantitative analysis. No updates to charts will be provided if market condition changes occur that affect the levels on the charts and/or any analysis based on them. All charts in this report are for informational purposes only. See the disclaimer for more information.

Disclaimer:  No part of the analysis in this blog constitutes a trade recommendation. The past performance of any trading system or methodology is not necessarily indicative of future results. Read the full disclaimer here.

Charting and backtesting program: Amibroker

Data provider: Norgate Data

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