Bursa KLCI

28 April 2022 – Beginning of a recovery?

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

The indices are trending downward.

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

Daily Tight Squeezes (The Week Ahead)

Daily Squeezes (The Week Ahead)
/CL, AUD/NZD

Preliminary Squeezes
$DJI, /YM, /ZN

Market Internals

Market Internals
Market Sentiment – Bearish. Put/Call ratio – 1.134. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Vix – 29.99.

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

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

To Your Wealth!
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