Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – Sideward Trend and decelerating upward momentum. /YM – Sideward Trend and decelerating upward momentum. /RTY – Sideward Trend and decelerating upward momentum. /NQ – Sideward Trend and decelerating upward momentum. /ES – Sideward Trend and decelerating upward momentum.
The indices are trending sideward and momentum is heading downward.
/CL – Sideward Trend and decelerating downward momentum. /GC – DownTrend and accelerating downward momentum. /ZB – DownTrend and accelerating downward momentum. HYG – Sideward Trend (bearish bias) and decelerating upward momentum. DBC – Sideward Trend (bullish bias) with decelerating downward momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) /CL, AUD/NZD
Preliminary Squeezes (The Week Ahead) /BTC, /GC, /NQ, DBC, USD/JPY
Market Internals
Market Internals Market Sentiment – Bearish. Put/Call ratio – 1.236. Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – above threshold line shows slowing accumulation overall. Vix – 24.11.
Market internals are Bearish.
Relative Strength – Sectors
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, XLI, XLY, XLK, XLV, XLF, XLE, XLB and XLC.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLP, XLI, XLV, XLB, XLK, XLY, 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.
23 August 2022 – Bears pressure
Summary (The Week Ahead)
$DJT – Sideward Trend and decelerating upward momentum. /YM – Sideward Trend and decelerating upward momentum. /RTY – Sideward Trend and decelerating upward momentum. /NQ – Sideward Trend and decelerating upward momentum. /ES – Sideward Trend and decelerating upward momentum.
The indices are trending sideward and momentum is heading downward.
/CL – Sideward Trend and decelerating downward momentum. /GC – DownTrend and accelerating downward momentum. /ZB – DownTrend and accelerating downward momentum. HYG – Sideward Trend (bearish bias) and decelerating upward momentum. DBC – Sideward Trend (bullish bias) with decelerating downward momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
/CL, AUD/NZD
Preliminary Squeezes (The Week Ahead)
/BTC, /GC, /NQ, DBC, USD/JPY
Market Internals
Market Sentiment – Bearish. Put/Call ratio – 1.236. Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – above threshold line shows slowing accumulation overall. Vix – 24.11.
Market internals are Bearish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLP, XLI, XLY, XLK, XLV, XLF, XLE, XLB and XLC.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLP, XLI, XLV, XLB, XLK, XLY, 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.
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