Bursa KLCI

13 May 2022 – Weekly Review – A bounce at the end of the week

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. /ESDownTrend with accelerating downward momentum.

The indices are trending downward.

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

Summary (Daily Chart)
$DJTDownTrend with accelerating downward momentum. /YMDownTrend with accelerating downward momentum. /RTYDownTrend with accelerating downward momentum. /NQDownTrend with accelerating downward momentum. /ESDownTrend with accelerating downward momentum.

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

US Dollar is trading upward.

Tight Squeezes

Squeezes (Daily)
/CL, /ZB, /ZN, DBC

Preliminary Squeezes (Daily)
$DJT

Market Internals (Daily Chart)
Market SentimentBearish. Put/Call ratio – 1.195. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 28.87.

Market Internals are signaling bearishness.

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

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

To Your Wealth!
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