5 January 2022 – FED sets market direction

Indices/Indices as of close of 5 January 2022

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

The indices do not have any definite trend yet but it could be turning downwards.

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

Daily Tight Squeezes (The Week Ahead)
EUR/USD

Daily Squeezes (The Week Ahead)
$DXY, /GC, /RTY, NZD/USD

Daily Preliminary Squeezes (The Week Ahead)
$DJT, /NQ, /SI, AUD/NZD, NDX, QQQ

Indices/Market Internals as of close of 5 January 2022 — Market Internals

Market Internals
Market Sentiment – Bullish. Put/Call ratio – 1.454. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Vix – 19.73.

Market internals has a bullish bias.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 5 January 2022 — 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 XLP, XLE, XLU, XLB, XLF, XLI, XLV, XLK and XLY.

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

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