26 August 2022 – Weekly Review – FED killed the market
Chart 1: Weekly chart of the S&P 500 sectors
Summary (3-Day Chart) $DJT – Sideward Trend (bullish bias) with decelerating downward momentum. /YM – DownTrend with decelerating downward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
/CL – DownTrend with accelerating downward momentum. /GC – DownTrend with accelerating downward momentum. /ZB – DownTrend with accelerating downward momentum. HYG – Sideward Trend (Bullish bias) with decelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
Summary (Daily Chart) $DJT – DownTrend with decelerating upward momentum. /YM – DownTrend with decelerating upward momentum. /RTY – DownTrend with decelerating upward momentum. /NQ – DownTrend with decelerating upward momentum. /ES – DownTrend with decelerating upward momentum.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
US Dollar is in an sideward trend.
Tight Squeezes –
Squeezes (Daily) /CL
Preliminary Squeezes (Daily) /GC, /NQ
Market Internals
Market Internals (Daily Chart) Market Sentiment – Bearish. Put/Call ratio – 1.104. Market Breadth – above the threshold showing more losers than gainers. Volume Acc/Dis – above the threshold showing accumulation. Vix – 25.56.
Market Internals are signaling Bearishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLI, XLP, XLB, XLV, XLY, XLK, XLF and XLC.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLI, XLP, XLB, XLV, XLY, XLK, XLF and XLC.
Table 1: Tabulation of the S&P 500 Sectors
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.
26 August 2022 – Weekly Review – FED killed the market
Summary (3-Day Chart)
$DJT – Sideward Trend (bullish bias) with decelerating downward momentum. /YM – DownTrend with decelerating downward momentum. /RTY – DownTrend with accelerating downward momentum. /NQ – DownTrend with accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
/CL – DownTrend with accelerating downward momentum. /GC – DownTrend with accelerating downward momentum. /ZB – DownTrend with accelerating downward momentum. HYG – Sideward Trend (Bullish bias) with decelerating downward momentum. DBC – DownTrend with accelerating downward momentum.
Summary (Daily Chart)
$DJT – DownTrend with decelerating upward momentum. /YM – DownTrend with decelerating upward momentum. /RTY – DownTrend with decelerating upward momentum. /NQ – DownTrend with decelerating upward momentum. /ES – DownTrend with decelerating upward momentum.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
US Dollar is in an sideward trend.
Tight Squeezes
–
Squeezes (Daily)
/CL
Preliminary Squeezes (Daily)
/GC, /NQ
Market Internals (Daily Chart)
Market Sentiment – Bearish. Put/Call ratio – 1.104. Market Breadth – above the threshold showing more losers than gainers. Volume Acc/Dis – above the threshold showing accumulation. Vix – 25.56.
Market Internals are signaling Bearishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLI, XLP, XLB, XLV, XLY, XLK, XLF and XLC.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLI, XLP, XLB, XLV, XLY, XLK, 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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