Preliminary Squeezes (The Week Ahead) /BTC, DBC, EUR/USD, HYG, NDX
Chart 2 – Market Internals
Market Internals Market Sentiment – Extremely Bearish. Put/Call ratio – 0.927 Market Breadth – above threshold line showing more gainers than losers. Volume Acc/Dis – above threshold line showing accumulation overall. Vix – 25.86
QTiTTs signal is Neutral.
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, XLI, XLP, XLB, XLU, XLK, XLY and XLC.
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 continue downwards from market Open at 9:30 am ET till about 2 pm ET. On announcement of the 0.75% rate hike by the FED, the market shot up and continued on its upTrend for the next 30 minutes before the Bears took it down.
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
2 November 2022 – Fed up interest rate another 0.75%
Summary (The Week Ahead)
$DJT – DownTrend and Neutral momentum.
/YM – UpTrend and Neutral momentum.
/RTY – DownTrend and Neutral momentum.
/NQ – DownTrend and Neutral momentum.
/ES – DownTrend and Neutral momentum.
The indices are trending downward and momentum is upward.
/CL – UpTrend and Upward momentum.
/GC – DownTrend and Neutral momentum.
/ZB – DownTrend and Upward momentum.
HYG – DownTrend and Neutral momentum.
DBC – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
$DXY, /CL, /GC, /NQ, /SI, /ZN, USD/JPY
Preliminary Squeezes (The Week Ahead)
/BTC, DBC, EUR/USD, HYG, NDX
Market Internals
Market Sentiment – Extremely Bearish.
Put/Call ratio – 0.927
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – above threshold line showing accumulation overall.
Vix – 25.86
QTiTTs signal is Neutral.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLI, XLP, XLB, XLU, XLK, XLY and XLC.
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 continue downwards from market Open at 9:30 am ET till about 2 pm ET. On announcement of the 0.75% rate hike by the FED, the market shot up and continued on its upTrend for the next 30 minutes before the Bears took it down.
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
Share this:
Related