Bursa KLCI

1 April 2022 – Weekly Review – A slow pullback or a downtrend?

Summary (Weekly Chart)
$DJT – Sideward Trend
with accelerating upward momentum. /YM – UpTrend with decelerating downward momentum. /RTY – DownTrend with decelerating downward momentum. /NQ – UpTrend with decelerating downward momentum. /ESUpTrend with accelerating 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)
$DJTDownTrend with decelerating upward momentum. /YMUpTrend with accelerating upward momentum. /RTYUpTrend with accelerating upward momentum. /NQUpTrend with decelerating upward momentum. /ESUpTrend with accelerating upward momentum.

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

US Dollar is trading upward.

Tight Squeezes

Squeezes (Daily)
$DXY, /SI, EUR/USD

Preliminary Squeezes (Daily)
/CL, /GC, EUR/NZD, HYG

Market Internals (Daily Chart)
Market SentimentBullish. Put/Call ratio – 1.352. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 19.63.

Market Internals are signaling bullishness.

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

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

To Your Wealth!
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