4 November 2022 – A rally to continue

Indices/Weekly Indices as of close of 4 November 2022 — Chart 1: Weekly chart of the S&P 500 sectors

Summary (3-Day Chart)
$DJT – Neutral Trend with Upward momentum.
/YM – UpTrend with Upward momentum.
/RTY – Neutral Trend with Upward momentum.
/NQ – DownTrend with Upward momentum.
/ES – DownTrend with Upward momentum.

/CL – Neutral Trend with Upward momentum.
/GC – DownTrend with Upward momentum.
/ZB – DownTrend with Neutral momentum.
HYG – DownTrend with Upward momentum.
DBC – UpTrend with Upward momentum.

Summary (Daily Chart)
$DJT – UpTrend with Neutral momentum.
/YM – UpTrend with Neutral momentum.
/RTY – UpTrend with Neutral momentum.
/NQ – DownTrend with Downward momentum.
/ES – DownTrend with Downward momentum.

/CL – UpTrend with Upward momentum.
/GC – Neutral Trend with Upward momentum.
/ZB – DownTrend with Neutral momentum.
HYG – DownTrend with Downward momentum.
DBC – UpTrend with Upward momentum.

$DXY – DownTrend with Neutral momentum.
EUR/USD – UpTrend with Downward momentum.
USD/JPY – Neutral Trend with Downward momentum.

US Dollar is turning downward.

Tight Squeezes
–

Squeezes (Daily)
/CL, /GC, /NQ, /SI, /ZN, USD/JPY

Preliminary Squeezes (Daily)
$DXY, /BTC, /ES, /RTY, DBC, EUR/USD, HYG, NDX

Indices/Market Internals as of close of 4 November 2022 — Market Internals

Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.111
Market Breadth – above the threshold line showing more gainers than losers.
Volume Acc/Dis – above the threshold line showing accumulation.
Vix – 25.75

Market Internals are signaling Bullishness.

Indices/S&P 500 Sectors as close of 4 November 2022 — Table 1: Tabulation of the S&P 500 Sectors

On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLI, XLB, XLP, XLU, XLK, XLY and XLC.

On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLU, XLP, XLF, XLB, XLK, XLY and XLC.

Indices/S&P 500 Sectors as close of 4 Nov 2022 — 1 minute day chart with QTiTTs

Chart 4 above shows the minute chart of the /RTY. Part of the market internals were not working and the data came back later.

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