Bursa KLCI

20 April 2022 – A confused market

Summary (The Week Ahead)
$DJTUpTrend and decelerating downward momentum. /YMUpTrend and accelerating upward momentum. /RTYUpTrend and decelerating downward momentum. /NQ DownTrend and accelerating downward momentum. /ESUpTrend with decelerating upward momentum.

The indices are range trading sideward.

/CLSideward Trend and decelerating upward momentum. /GCUpTrend and decelerating 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)

Preliminary Squeezes

Market Internals

Market Internals
Market Sentiment – Bearish. Put/Call ratio – 1.296. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Vix – 20.32.

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

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

To Your Wealth!
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