5 August 2022 – Weekly Review – A Bear market rally or a turnaround?
Summary (3-Day Chart) $DJT – Sideward Trend with decelerating downward momentum. /YM – Sideward Trend with decelerating downward momentum. /RTY – Sideward Trend with decelerating downward momentum. /NQ – Sideward Trend (Bullish bias) with decelerating downward momentum. /ES – Sideward Trend (Bullish bias) with decelerating downward momentum.
/CL – DownTrend with accelerating downward momentum. /GC – Sideward Trend with decelerating downward momentum. /ZB – Sideward Trend (Bullish bias) with decelerating downward momentum. HYG – Sideward Trend (Bullish bias) with decelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
Summary (Daily Chart) $DJT – UpTrend with accelerating upward momentum. /YM – UpTrend with accelerating upward momentum. /RTY – UpTrend with accelerating upward momentum. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with accelerating upward momentum.
$DXY – UpTrend with decelerating upward momentum. EUR/USD – Sideward Trend with decelerating downward momentum. USD/JPY – Sideward Trend (Bullish bias) with decelerating upward momentum.
US Dollar is in an sideward trend.
Tight Squeezes –
Squeezes (Daily) AUD/NZD, DBC, EUR/USD
Preliminary Squeezes (Daily) $DXY, /CL, /ZB
Market Internals
Market Internals (Daily Chart) Market Sentiment – Bearish. Put/Call ratio – 1.272. Market Breadth – above the threshold showing more gainers than losers. Volume Acc/Dis – above the threshold showing accumulation. Vix – 21.15.
Market Internals are signaling Bullishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLI, XLY, XLU, XLV, XLP, XLF, SLX, XLB and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLV, XLI, XLP, XLK, XLY, XLB, XLF 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.
5 August 2022 – Weekly Review – A Bear market rally or a turnaround?
Summary (3-Day Chart)
$DJT – Sideward Trend with decelerating downward momentum. /YM – Sideward Trend with decelerating downward momentum. /RTY – Sideward Trend with decelerating downward momentum. /NQ – Sideward Trend (Bullish bias) with decelerating downward momentum. /ES – Sideward Trend (Bullish bias) with decelerating downward momentum.
/CL – DownTrend with accelerating downward momentum. /GC – Sideward Trend with decelerating downward momentum. /ZB – Sideward Trend (Bullish bias) with decelerating downward momentum. HYG – Sideward Trend (Bullish bias) with decelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
Summary (Daily Chart)
$DJT – UpTrend with accelerating upward momentum. /YM – UpTrend with accelerating upward momentum. /RTY – UpTrend with accelerating upward momentum. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with accelerating upward momentum.
$DXY – UpTrend with decelerating upward momentum. EUR/USD – Sideward Trend with decelerating downward momentum. USD/JPY – Sideward Trend (Bullish bias) with decelerating upward momentum.
US Dollar is in an sideward trend.
Tight Squeezes
–
Squeezes (Daily)
AUD/NZD, DBC, EUR/USD
Preliminary Squeezes (Daily)
$DXY, /CL, /ZB
Market Internals (Daily Chart)
Market Sentiment – Bearish. Put/Call ratio – 1.272. Market Breadth – above the threshold showing more gainers than losers. Volume Acc/Dis – above the threshold showing accumulation. Vix – 21.15.
Market Internals are signaling Bullishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLI, XLY, XLU, XLV, XLP, XLF, SLX, XLB and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLV, XLI, XLP, XLK, XLY, XLB, XLF 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.
Share this:
Related