Bursa KLCI

11 March 2022 – Weekly Review – Bears are on the prowl

Summary (Weekly Chart)
$DJT – Sideward Trend
with accelerating upward momentum. /YM – DownTrend with accelerating downward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with accelerating downward momentum. /ESDownTrend with decelerating upward momentum.

The indices are trending downward.

/CLUpTrend with accelerating upward momentum. /GCUpTrend with accelerating upward momentum. /ZBDownTrend with accelerating downward momentum. HYGDownTrend with accelerating downward momentum. DBCUpTrend with accelerating upward momentum.

Summary (Daily Chart)
$DJTSideward Trend with decelerating downward momentum. /YMDownTrend with accelerating downward momentum. /RTYDownTrend with decelerating downward momentum. /NQDownTrend with accelerating downward momentum. /ESDownTrend with accelerating downward momentum.

$DXYUpTrend with accelerating upward momentum. EUR/USDDownTrend with accelerating downward momentum. USD/JPYUpTrend with accelerating upward momentum.

US Dollar is trading upwards.

Tight Squeezes

Squeezes (Daily)
$DJT, /ES, /RTY, AUD/NZD, USD/JPY

Preliminary Squeezes (Daily)
/NQ, /YM, /ZN, NDX, SPX

Market Internals (Daily Chart)
Market SentimentBearish. Put/Call ratio – 1.136. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 30.75.

Market Internals are signaling bearishness.

On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLU, XLI, XLV, XLB, XLF, XLY, XLK, XLC and XLP.

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

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.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>