18 August 2022 – Bulls are gathering

Indices/Indices as of close of 18 Aug 2022 — Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

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

The indices are trending upward.

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

Daily Tight Squeezes (The Week Ahead)
AUD/NZD

Daily Squeezes (The Week Ahead)
$DXY, /BTC, /ZB, /ZN, DBC, EUR/USD, USD/JPY

Preliminary Squeezes (The Week Ahead)
/CL, HYG

Indices/Market Internals as of close of 18 Aug 2022 — Market Internals

Market Internals
Market Sentiment – Bullish. Put/Call ratio – 1.224. Market Breadth – above threshold line showing more gainers than losers. Volume Acc/Dis – above threshold line shows accumulation overall. Vix – 19.56.

Market internals are Bullish.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 18 Aug 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 XLU, XLP, XLK, XLI, XLF, XLY, XLV, XLC, XLB and XLE.

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