2 September 2022 – Weekly Review – It is down and down
Chart 1: Weekly chart of the S&P 500 sectors
Summary (3-Day Chart) $DJT – DownTrend with accelerating downward momentum. /YM – DownTrend with accelerating 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 – DownTrend 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 decelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
US Dollar is in an uptrend.
Tight Squeezes –
Squeezes (Daily) /CL
Preliminary Squeezes (Daily) –
Market Internals
Market Internals (Daily Chart) Market Sentiment – Bearish. Put/Call ratio – 1.06. Market Breadth – below the signal line showing more losers than gainers. Volume Acc/Dis – below the signal line showing distribution. Vix – 25.47.
Market Internals are signalling Bearishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLY, XLP, XLI, XLF, XLV, XLB, XLK and XLC.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLI, XLP, XLY, XLV, XLF, XLB, XLK 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.
2 September 2022 – Weekly Review – It is down and down
Summary (3-Day Chart)
$DJT – DownTrend with accelerating downward momentum. /YM – DownTrend with accelerating 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 – DownTrend 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 decelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
US Dollar is in an uptrend.
Tight Squeezes
–
Squeezes (Daily)
/CL
Preliminary Squeezes (Daily)
–
Market Internals (Daily Chart)
Market Sentiment – Bearish. Put/Call ratio – 1.06. Market Breadth – below the signal line showing more losers than gainers. Volume Acc/Dis – below the signal line showing distribution. Vix – 25.47.
Market Internals are signalling Bearishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLY, XLP, XLI, XLF, XLV, XLB, XLK and XLC.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLI, XLP, XLY, XLV, XLF, XLB, XLK 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