Preliminary Squeezes (The Week Ahead) $DJT, /ZB, /ZN, HYG, NDX
Chart 2 – Market Internals
Market Internals Market Sentiment – Extremely Bearish. Put/Call ratio – 0.904 Market Breadth – above threshold line showing more gainers than losers. Volume Acc/Dis – above threshold line showing accumulation overall. Vix – 30.76
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, XLF, XLV, XLI, XLB, XLP, XLC, XLK, XLU and XLY.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLU, XLF, XLP, XLB, XLK, XLY 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 Bulls were in control for the 5 minutes of the trading day. From then till about 10:00 am ET, the Bears were Selling off. The Bulls managed to take it back up again from 10:01 am ET till 10:30 am ET. From then, the Bears were in control and took it back down till 1 am ET. For the rest of the day, the Bulls were working hard to push it back up.
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
19 October 2022 – Rally fizzles, Down it goes
Summary (The Week Ahead)
$DJT – DownTrend and Upward momentum.
/YM – Neutral Trend and Upward momentum.
/RTY – DownTrend and Upward momentum.
/NQ – DownTrend and Upward momentum.
/ES – DownTrend and Upward momentum.
The indices are trending downward and momentum is downward.
/CL – DownTrend and Downward momentum.
/GC – DownTrend and Downward momentum.
/ZB – DownTrend and Downward momentum.
HYG – DownTrend and Upward momentum.
DBC – DownTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
/BTC
Daily Squeezes (The Week Ahead)
$DJI, $DXY, /ES, /NQ, /RTY, /YM, EUR/USD, SPX
Preliminary Squeezes (The Week Ahead)
$DJT, /ZB, /ZN, HYG, NDX
Market Internals
Market Sentiment – Extremely Bearish.
Put/Call ratio – 0.904
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – above threshold line showing accumulation overall.
Vix – 30.76
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, XLF, XLV, XLI, XLB, XLP, XLC, XLK, XLU and XLY.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLU, XLF, XLP, XLB, XLK, XLY and XLC.
In chart 4 above, the /RTY had the usual volatility on market Open. It then showed the Bulls were in control for the 5 minutes of the trading day. From then till about 10:00 am ET, the Bears were Selling off. The Bulls managed to take it back up again from 10:01 am ET till 10:30 am ET. From then, the Bears were in control and took it back down till 1 am ET. For the rest of the day, the Bulls were working hard to push it back up.
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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