26 October 2022 – The rally continues, Bulls happy
Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – Neutral Trend and Upward momentum. /YM – UpTrend and Upward momentum. /RTY – UpTrend and Upward momentum. /NQ – Neutral Trend and Upward momentum. /ES – Neutral Trend and Upward momentum.
The indices are trending downward and momentum is downward.
/CL – UpTrend and Neutral momentum. /GC – DownTrend and Upward momentum. /ZB – DownTrend and Upward momentum. HYG – Neutral Trend and Upward momentum. DBC – Upward Trend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) /BTC, /CL, /NQ, /RTY, HYG
Preliminary Squeezes (The Week Ahead) $DJT, $DXY, /ES, NDX, SPX
Chart 2 – Market Internals
Market Internals Market Sentiment – Bearish. Put/Call ratio – 1.059 Market Breadth – above threshold line showing more gainers than losers. Volume Acc/Dis – above threshold line showing accumulation overall. Vix – 27.28
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, XLB, XLP, XLI, XLK, XLY, XLC and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLP, XLI, XLF, XLB, XLU, XLK, XLY and XLC.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above, there was the initial violent up/down movement that characterize the market Open. The Bulls and the Bears tussled for the first 30 minutes till 10 am ET and it was the Bulls that came out on top. Till about 12 noon, the Bulls kept a slow volatile push upward. After 12: 45 pm ET, the Bears took the /RTY down till market Close at 4 pm.
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
26 October 2022 – The rally continues, Bulls happy
Summary (The Week Ahead)
$DJT – Neutral Trend and Upward momentum.
/YM – UpTrend and Upward momentum.
/RTY – UpTrend and Upward momentum.
/NQ – Neutral Trend and Upward momentum.
/ES – Neutral Trend and Upward momentum.
The indices are trending downward and momentum is downward.
/CL – UpTrend and Neutral momentum.
/GC – DownTrend and Upward momentum.
/ZB – DownTrend and Upward momentum.
HYG – Neutral Trend and Upward momentum.
DBC – Upward Trend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
/BTC, /CL, /NQ, /RTY, HYG
Preliminary Squeezes (The Week Ahead)
$DJT, $DXY, /ES, NDX, SPX
Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.059
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – above threshold line showing accumulation overall.
Vix – 27.28
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, XLB, XLP, XLI, XLK, XLY, XLC and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLP, XLI, XLF, XLB, XLU, XLK, XLY and XLC.
In chart 4 above, there was the initial violent up/down movement that characterize the market Open. The Bulls and the Bears tussled for the first 30 minutes till 10 am ET and it was the Bulls that came out on top. Till about 12 noon, the Bulls kept a slow volatile push upward. After 12: 45 pm ET, the Bears took the /RTY down till market Close at 4 pm.
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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