Bursa KLCI

18 March 2022 – Weekly Review – Indices on an upTrend?

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

The indices are trending upward.

/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)
$DJTUpTrend with accelerating upward momentum. /YMUpTrend with decelerating downward momentum. /RTYUpTrend with decelerating downward momentum. /NQSideward Trend with decelerating downward momentum. /ESUpTrend with decelerating downward momentum.

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

US Dollar is trending upwards.

Tight Squeezes

Squeezes (Daily)
/ES, /NQ, /RTY, AUD/NZD, NZD/USD

Preliminary Squeezes (Daily)
$DJI, /GC, /SI, NDX, SPX

Market Internals (Daily Chart)
Market SentimentBullish. Put/Call ratio – 1.538. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 23.87.

Market Internals are signaling bearishness.

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

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

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