25 July 2022 – A bear rally?

Indices/Indices as of close of 25 Jul 2022

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

The indices are showing signs of a rally upward.

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

Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
/YM, /ZB, /ZN, AUD/NZD

Preliminary Squeezes (The Week Ahead)
$DJI, /BTC, /CL, /ES, /NQ, /RTY, SPX, USD/JPY

Indices/Market Internals as of close of 25 Jul 2022 — Market Internals

Market Internals
Market Sentiment – Bearish. Put/Call ratio – 1.06. Market Breadth – above threshold line showing more gainers than losers. Volume Acc/Dis – above threshold line accumulation overall. Vix – 23.36.

Market internals are Bullish.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 25 July 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 XLV, XLY, XLK, XLP, XLU, XLF, XLI, XLC, XLE and XLB.

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

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