13 June 2022 – Market sold off

Indices/Indices as of close of 13 Jun 2022

Summary (The Week Ahead)
$DJT – DownTrend and accelerating downward momentum. /YM – DownTrend and accelerating downward momentum. /RTY – DownTrend and accelerating downward momentum. /NQ – DownTrend and accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.

The indices have turned downward.

/CL – UpTrend and accelerating upward momentum. /GC – Sideward Trend and accelerating downward momentum. /ZB – DownTrend and accelerating downward momentum. HYG – DownTrend with accelerating downward momentum. DBC – UpTrend with accelerating upward momentum.

Daily Tight Squeezes (The Week Ahead)
–

Daily Squeezes (The Week Ahead)
AUD/NZD

Preliminary Squeezes (The Week Ahead)
/CL, /ZN

Indices/Market Internals as of close of 13 Jun 2022 — Market Internals

Market Internals
Market Sentiment – Extremely Bearish. Put/Call ratio – 0.79. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Vix – 34.02.

Market internals are bearish.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 13 Jun 2022 — 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, XLY, XLI, XLV, XLF, XLK and XLC.

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

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