17 December 2021 – Weekly Review – A volatile week
Summary (Weekly Chart) $DJT – Sideward Trend with decelerating upward momentum. /YM – Sideward Trend with decelerating upward momentum. /RTY – DownTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
The indices have a down week.
/CL – DownTrend with decelerating upward momentum. /GC – DownTrend with accelerating downward momentum and in a Squeeze. /ZB – UpTrend with decelerating downward momentum and in a Squeeze. HYG – DownTrend with accelerating downward momentum. DBC – DownTrend with decelerating upward momentum.
Summary (Daily Chart) $DJT – DownTrend with decelerating upward momentum. /YM – Sideward Trend with decelerating upward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with decelerating upward momentum. /ES – Sideward Trend with decelerating upward momentum.
/CL – DownTrend with decelerating downward momentum. /GC – UpTrend with decelerating downward momentum and in a Squeeze. /ZB – UpTrend with accelerating upward momentum. HYG – DownTrend with decelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
$DXY – UpTrend with decelerating upward momentum. EUR/USD – DownTrend with decelerating downward momentum. USD/JPY – Sideward Trend with decelerating upward momentum.
Market Internals (Daily Chart) Market Sentiment – Bullish. Put/Call ratio – 0.606. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 21.57.
Market Internals are giving mix signals.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLV, XLP, XLU, XLB, XLK, XLI, XLY, XLF and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLV, XLU, XLP, XLB, XLK, 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.
17 December 2021 – Weekly Review – A volatile week
Summary (Weekly Chart)
$DJT – Sideward Trend with decelerating upward momentum. /YM – Sideward Trend with decelerating upward momentum. /RTY – DownTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
The indices have a down week.
/CL – DownTrend with decelerating upward momentum. /GC – DownTrend with accelerating downward momentum and in a Squeeze. /ZB – UpTrend with decelerating downward momentum and in a Squeeze. HYG – DownTrend with accelerating downward momentum. DBC – DownTrend with decelerating upward momentum.
Summary (Daily Chart)
$DJT – DownTrend with decelerating upward momentum. /YM – Sideward Trend with decelerating upward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with decelerating upward momentum. /ES – Sideward Trend with decelerating upward momentum.
/CL – DownTrend with decelerating downward momentum. /GC – UpTrend with decelerating downward momentum and in a Squeeze. /ZB – UpTrend with accelerating upward momentum. HYG – DownTrend with decelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
$DXY – UpTrend with decelerating upward momentum. EUR/USD – DownTrend with decelerating downward momentum. USD/JPY – Sideward Trend with decelerating upward momentum.
US Dollar is in a sideward Trend.
Squeezes (Daily Chart)
Squeezes – /ES, /GC, /NQ, /ZB, /ZN, EUR/USD, NDX
Preliminary Squeezes – $DJT, /CL, /RTY, /YM, SPX.
Market Internals (Daily Chart)
Market Sentiment – Bullish. Put/Call ratio – 0.606. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 21.57.
Market Internals are giving mix signals.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLV, XLP, XLU, XLB, XLK, XLI, XLY, XLF and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLV, XLU, XLP, XLB, XLK, 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.
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