Bursa KLCI

25 March 2022 – Weekly Review – Indices marching upwards?

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)
$DJTUpTrend with accelerating upward momentum. /YMUpTrend with decelerating downward momentum. /RTYUpTrend with accelerating upward momentum. /NQUpTrend with decelerating upward momentum. /ESUpTrend with accelerating upward 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)
/CL, /RTY, /SI, AUD/NZD

Preliminary Squeezes (Daily)
$DXY, /GC, EUR/USD

Market Internals (Daily Chart)
Market SentimentBullish. Put/Call ratio – 1.478. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 20.81.

Market Internals are signaling bullishness.

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

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

To Your Wealth!
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