22 March 2022 – Are the indices headed to the moon?

Indices/Indices as of close of 22 March 2022

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

The indices are trending upwards.

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

Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
/RTY, /SI, AUD/NZD

Preliminary Squeezes
$DJI, $DXY, /CL, /ES, /GC, /NQ, /YM, EUR/USD, NZD/USD

Indices/Market Internals as of close of 22 March 2022 — Market Internals

Market Internals
Market Sentiment – Bullish. Put/Call ratio – 1.49. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Vix – 22.94.

Market internals are bullish.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 22 March 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 XLU, XLE, XLV, XLI, XLF, XLB, XLP, XLY, XLK and XLC.

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

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