6 May 2022 – Weekly Review – A market heading lower
Summary (3-Day Chart) $DJT – DownTrend with accelerating downward momentum. /YM – DownTrend with accelerating downward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
The indices are trending downward.
/CL – UpTrend with accelerating upward momentum. /GC – Sideward Trend with decelerating upward momentum. /ZB – DownTrend with accelerating downward momentum. HYG – DownTrend with accelerating downward momentum. DBC – UpTrend with accelerating upward momentum.
Summary (Daily Chart) $DJT – DownTrend with decelerating downward momentum. /YM – DownTrend with accelerating downward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
$DXY – UpTrend with decelerating upward momentum. EUR/USD – UpTrend with decelerating downward momentum. USD/JPY – UpTrend with decelerating upward momentum.
US Dollar is trading upward.
Tight Squeezes –
Squeezes (Daily) $DJT, /CL
Preliminary Squeezes (Daily) /YM, /ZB, /ZN, DBC
Market Internals (Daily Chart) Market Sentiment – Bearish. Put/Call ratio – 1.041. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 30.19.
Market Internals are signaling bearishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLU, XLP, XLB, XLV, XLF, XLK, XLY and XLC.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLU, XLP, XLB, XLV, XLI, XLF, XLK, XLY and XLC.
To Your Wealth! Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
6 May 2022 – Weekly Review – A market heading lower
Summary (3-Day Chart)
$DJT – DownTrend with accelerating downward momentum. /YM – DownTrend with accelerating downward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
The indices are trending downward.
/CL – UpTrend with accelerating upward momentum. /GC – Sideward Trend with decelerating upward momentum. /ZB – DownTrend with accelerating downward momentum. HYG – DownTrend with accelerating downward momentum. DBC – UpTrend with accelerating upward momentum.
Summary (Daily Chart)
$DJT – DownTrend with decelerating downward momentum. /YM – DownTrend with accelerating downward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
$DXY – UpTrend with decelerating upward momentum. EUR/USD – UpTrend with decelerating downward momentum. USD/JPY – UpTrend with decelerating upward momentum.
US Dollar is trading upward.
Tight Squeezes
–
Squeezes (Daily)
$DJT, /CL
Preliminary Squeezes (Daily)
/YM, /ZB, /ZN, DBC
Market Internals (Daily Chart)
Market Sentiment – Bearish. Put/Call ratio – 1.041. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 30.19.
Market Internals are signaling bearishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLU, XLP, XLB, XLV, XLF, XLK, XLY and XLC.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLU, XLP, XLB, XLV, XLI, XLF, XLK, XLY and XLC.
To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948.
If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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