Preliminary Squeezes (The Week Ahead) $DJT, /ZN, NDX
Chart 2 – Market Internals
Market Internals Market Sentiment – Bearish. Put/Call ratio – 1.114 Market Breadth – above threshold line showing more gainers than losers. Volume Acc/Dis – above threshold line showing accumulation overall. Vix – 29.98
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, XLV, XLF, XLC, XLK, XLB, XLI, XLP, XLY and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLF, XLK, XLB, XLP, XLU, XLC and XLY.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above, the /RTY had the usual volatility on market Open. It whipsawed up and down for the first 30 minutes after market opened at 9:30 am ET. After that, the Bulls started to take over till about 10:30 am. There was an even tussle back and forth from 10:30 am ET till about midnight when the Bears took control. At about 12 noon ET, that is supposedly when the professionals took control. The Bears were able to dominate the market till about 3 am ET.
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
20 October 2022 – Bears overwhelmed Bulls
Summary (The Week Ahead)
$DJT – DownTrend and Neutral 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, HYG, SPX
Preliminary Squeezes (The Week Ahead)
$DJT, /ZN, NDX
Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.114
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – above threshold line showing accumulation overall.
Vix – 29.98
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, XLV, XLF, XLC, XLK, XLB, XLI, XLP, XLY and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLF, XLK, XLB, XLP, XLU, XLC and XLY.
In chart 4 above, the /RTY had the usual volatility on market Open. It whipsawed up and down for the first 30 minutes after market opened at 9:30 am ET. After that, the Bulls started to take over till about 10:30 am. There was an even tussle back and forth from 10:30 am ET till about midnight when the Bears took control. At about 12 noon ET, that is supposedly when the professionals took control.
The Bears were able to dominate the market till about 3 am ET.
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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