Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and decelerating upward momentum. /YM – DownTrend and accelerating downward momentum. /RTY – DownTrend and decelerating upward momentum. /NQ – DownTrend and accelerating downward momentum. /ES – DownTrend and accelerating downward momentum.
The indices are trending downward and momentum is heading downward.
/CL – DownTrend and accelerating downward momentum. /GC – DownTrend and accelerating downward momentum. /ZB – DownTrend and accelerating downward momentum. HYG – DownTrend and accelerating downward momentum. DBC – DownTrend and accelerating downward momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) /CL
Preliminary Squeezes (The Week Ahead) –
Market Internals
Market Internals Market Sentiment – Extremely Bearish. Put/Call ratio – 0.948. Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – below threshold line shows slowing distribution overall. Vix – 26.91.
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, XLY, XLE, XLI, XLF, XLV, XLP, XLK, XLB and XLC.
On a 12-monthly lookback, 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.
6 September 2022 – Bears in control
Summary (The Week Ahead)
$DJT – DownTrend and decelerating upward momentum. /YM – DownTrend and accelerating downward momentum. /RTY – DownTrend and decelerating upward momentum. /NQ – DownTrend and accelerating downward momentum. /ES – DownTrend and accelerating downward momentum.
The indices are trending downward and momentum is heading downward.
/CL – DownTrend and accelerating downward momentum. /GC – DownTrend and accelerating downward momentum. /ZB – DownTrend and accelerating downward momentum. HYG – DownTrend and accelerating downward momentum. DBC – DownTrend and accelerating downward momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
/CL
Preliminary Squeezes (The Week Ahead)
–
Market Internals
Market Sentiment – Extremely Bearish. Put/Call ratio – 0.948. Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – below threshold line shows slowing distribution overall. Vix – 26.91.
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, XLY, XLE, XLI, XLF, XLV, XLP, XLK, XLB and XLC.
On a 12-monthly lookback, 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.
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