Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – UpTrend and Neutral momentum. /YM – UpTrend and Neutral momentum. /RTY – UpTrend and Upward momentum. /NQ – UpTrend and Upward momentum. /ES – UpTrend and Upward momentum.
The indices are trending downward and momentum is upward.
/CL – DownTrend and Downward momentum. /GC – UpTrend and Upward momentum. /ZB – UpTrend and Upward momentum. HYG – UpTrend and Upward momentum. DBC – UpTrend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) /CL, /RTY
Preliminary Squeezes (The Week Ahead) /ES, /NQ, HYG
Chart 2 – Market Internals
Market Internals Market Sentiment – Extremely Bearish. Put/Call ratio – 0.936 Market Breadth – above threshold showing more gainers than losers. Volume Acc/Dis – above threshold line showing accumulation. Vix – 24.11
QTiTTs signal is Bullish.
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 XLP, XLI, XLE, XLF, XLB, XLV, XLK, XLU, XLC and XLY.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLB, XLP, XLF, XLU, XLK, XLC and XLY.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above shows the 1 minute chart of the /RTY.
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
16 November 2022 – Bears mount resistance
Summary (The Week Ahead)
$DJT – UpTrend and Neutral momentum.
/YM – UpTrend and Neutral momentum.
/RTY – UpTrend and Upward momentum.
/NQ – UpTrend and Upward momentum.
/ES – UpTrend and Upward momentum.
The indices are trending downward and momentum is upward.
/CL – DownTrend and Downward momentum.
/GC – UpTrend and Upward momentum.
/ZB – UpTrend and Upward momentum.
HYG – UpTrend and Upward momentum.
DBC – UpTrend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
/CL, /RTY
Preliminary Squeezes (The Week Ahead)
/ES, /NQ, HYG
Market Internals
Market Sentiment – Extremely Bearish.
Put/Call ratio – 0.936
Market Breadth – above threshold showing more gainers than losers.
Volume Acc/Dis – above threshold line showing accumulation.
Vix – 24.11
QTiTTs signal is Bullish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLI, XLE, XLF, XLB, XLV, XLK, XLU, XLC and XLY.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLB, XLP, XLF, XLU, XLK, XLC and XLY.
In chart 4 above shows the 1 minute chart of the /RTY.
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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