Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and Upward momentum. /YM – DownTrend and Neutral momentum. /RTY – DownTrend and Neutral momentum. /NQ – DownTrend and Downward momentum. /ES – DownTrend and Downward momentum.
The indices are trending downward and momentum is downward.
/CL – UpTrend and Upward momentum. /GC – DownTrend and Downward momentum. /ZB – DownTrend and Downward momentum. HYG – DownTrend and Downward momentum. DBC – Neutral Trend and Upward momentum.
Daily Tight Squeezes (The Week Ahead) /BTC
Daily Squeezes (The Week Ahead) USD/JPY
Preliminary Squeezes (The Week Ahead) /GC, /RTY
Chart 2 – Market Internals
Market Internals Market Sentiment – Bearish. Put/Call ratio – 1.062 Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – below threshold line showing distribution overall. Vix – 33.63
QTiTTs signal is Bearish.
Relative Strength – Sectors
Chart 3 – 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 XLE, XLB, XLI, XLV, XLP, XLF, XLK, XLY, XLU and XLC.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLB, XLP, XLY, XLU, XLF, XLK and XLC.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above, the /RTY had the usual volatility on market Open. It then showed the Bears were in control and it sold off and bottomed at about 10:10 am ET. The QTiTTs Buy signal came at 10:25 am ET and there was the initial false signal but the Bulls did manage to take the /RTY higher. It subsequently pulled back in late afternoon trading.
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.
Definitions Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA
11 October 2022 – Indecisive day
Summary (The Week Ahead)
$DJT – DownTrend and Upward momentum.
/YM – DownTrend and Neutral momentum.
/RTY – DownTrend and Neutral momentum.
/NQ – DownTrend and Downward momentum.
/ES – DownTrend and Downward momentum.
The indices are trending downward and momentum is downward.
/CL – UpTrend and Upward momentum.
/GC – DownTrend and Downward momentum.
/ZB – DownTrend and Downward momentum.
HYG – DownTrend and Downward momentum.
DBC – Neutral Trend and Upward momentum.
Daily Tight Squeezes (The Week Ahead)
/BTC
Daily Squeezes (The Week Ahead)
USD/JPY
Preliminary Squeezes (The Week Ahead)
/GC, /RTY
Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.062
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – below threshold line showing distribution overall.
Vix – 33.63
QTiTTs signal is Bearish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLB, XLI, XLV, XLP, XLF, XLK, XLY, XLU and XLC.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLB, XLP, XLY, XLU, XLF, XLK and XLC.
In chart 4 above, the /RTY had the usual volatility on market Open. It then showed the Bears were in control and it sold off and bottomed at about 10:10 am ET. The QTiTTs Buy signal came at 10:25 am ET and there was the initial false signal but the Bulls did manage to take the /RTY higher. It subsequently pulled back in late afternoon trading.
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.
Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA
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