21 January 2022 – Weekly Review – Indices pulled back
Summary (Weekly Chart) $DJT – DownTrend with decelerating upward momentum. /YM – DownTrend with decelerating upward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with decelerating upward momentum. /ES – DownTrend with decelerating upward momentum.
The indices pulled back this week.
/CL – UpTrend with accelerating upward momentum. /GC – UpTrend with accelerating upward momentum. /ZB – DownTrend with accelerating downward momentum and in a preliminary Squeeze. HYG – DownTrend with accelerating downward momentum. DBC – UpTrend with accelerating upward momentum.
Summary (Daily Chart) $DJT – DownTrend with accelerating downward momentum. /YM – DownTrend with accelerating downward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
$DXY – Sideward Trend with accelerating downward momentum. EUR/USD – DownTrend with decelerating upward momentum. USD/JPY – DownTrend with decelerating upward momentum.
US Dollar is in a sideward Trend.
Tight Squeezes
Squeezes (Daily) GC, AUD/NZD, EUR/NZD, NZD/USD
Preliminary Squeezes (Daily) $DXY, /ZB, EUR/NZD
Market Internals (Daily Chart) Market Sentiment – Bearish. Put/Call ratio – 0.947. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 28.85.
Market Internals are giving mix signals.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLP, XLU, XLF, XLI, XLV, XLB, XLY and XLK.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLP, XLE, XLU, XLF, XLI, XLV, XLB, XLK 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.
21 January 2022 – Weekly Review – Indices pulled back
Summary (Weekly Chart)
$DJT – DownTrend with decelerating upward momentum. /YM – DownTrend with decelerating upward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with decelerating upward momentum. /ES – DownTrend with decelerating upward momentum.
The indices pulled back this week.
/CL – UpTrend with accelerating upward momentum. /GC – UpTrend with accelerating upward momentum. /ZB – DownTrend with accelerating downward momentum and in a preliminary Squeeze. HYG – DownTrend with accelerating downward momentum. DBC – UpTrend with accelerating upward momentum.
Summary (Daily Chart)
$DJT – DownTrend with accelerating downward momentum. /YM – DownTrend with accelerating downward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
$DXY – Sideward Trend with accelerating downward momentum. EUR/USD – DownTrend with decelerating upward momentum. USD/JPY – DownTrend with decelerating upward momentum.
US Dollar is in a sideward Trend.
Tight Squeezes
Squeezes (Daily)
GC, AUD/NZD, EUR/NZD, NZD/USD
Preliminary Squeezes (Daily)
$DXY, /ZB, EUR/NZD
Market Internals (Daily Chart)
Market Sentiment – Bearish. Put/Call ratio – 0.947. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 28.85.
Market Internals are giving mix signals.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLP, XLU, XLF, XLI, XLV, XLB, XLY and XLK.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLP, XLE, XLU, XLF, XLI, XLV, XLB, XLK 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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