Bursa KLCI

14 April 2022 – Indices heading downward

Summary (The Week Ahead)
$DJTDownTrend and accelerating downward momentum. /YMSideward Trend and decelerating upward momentum. /RTYDownTrend and accelerating downward momentum. /NQ DownTrend and decelerating upward momentum. /ESDownTrend with decelerating upward momentum.

The indices are trending downward.

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

Daily Tight Squeezes (The Week Ahead)

Daily Squeezes (The Week Ahead)
$DJI, /GC, /SI, /YM, EUR/NZD

Preliminary Squeezes
/CL, /ES, /RTY, DBC, NZD/USD

Market Internals

Market Internals
Market Sentiment – Bearish. Put/Call ratio – 1.303. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Vix – 22.7.

Market internals are bearish.

Relative Strength – Sectors

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 XLE, XLP, XLU, XLB, XLV, XLI, XLY, XLK, XLF and XLC.

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

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