18 November 2022 – Weekly Review – An Upweek for indices
Chart 1: Weekly chart of the S&P 500 sectors
Summary (3-Day Chart) $DJT – UpTrend with Upward momentum. /YM – UpTrend with Upward momentum. /RTY – UpTrend with Upward momentum. /NQ – Neutral Trend with Upward momentum. /ES – UpTrend with Upward momentum.
/CL – DownTrend with Downward momentum. /GC – Neutral Trend with Upward momentum. /ZB – DownTrend with Upward momentum. HYG – Neutral Trend with Upward momentum. DBC – DownTrend with Neutral momentum.
Summary (Daily Chart) $DJT – UpTrend with Neutral momentum. /YM – UpTrend with Neutral momentum. /RTY – UpTrend with Neutral momentum. /NQ – UpTrend with Upward momentum. /ES – UpTrend with Upward momentum.
/CL – DownTrend with Downward momentum. /GC – UpTrend with Neutral momentum. /ZB – Neutral Trend with Upward momentum. HYG – UpTrend with Upward momentum. DBC – DownTrend with Downward momentum.
$DXY – DownTrend with Neutral momentum. EUR/USD – UpTrend with Neutral momentum. USD/JPY – DownTrend with Neutral momentum.
US Dollar is in a DownTrend.
Tight Squeezes –
Squeezes (Daily) /RTY
Preliminary Squeezes (Daily) /CL, /ES, DBC, HYG
Market Internals
Market Internals (Daily Chart) Market Sentiment – Bearish. Put/Call ratio – 1.25 Market Breadth – above the threshold line showing more gainers than losers. Volume Acc/Dis – above the threshold line showing accumulation. Vix – 23.12
Market Internals are signaling Bullishness.
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 XLP, XLV, XLI, XLF, XLE, XLB, XLK, XLU, XLC and XLY.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLP, XLB, XLF, XLU, XLK, XLC and XLY.
1 minute day chart with QTiTTs
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
18 November 2022 – Weekly Review – An Upweek for indices
Summary (3-Day Chart)
$DJT – UpTrend with Upward momentum.
/YM – UpTrend with Upward momentum.
/RTY – UpTrend with Upward momentum.
/NQ – Neutral Trend with Upward momentum.
/ES – UpTrend with Upward momentum.
/CL – DownTrend with Downward momentum.
/GC – Neutral Trend with Upward momentum.
/ZB – DownTrend with Upward momentum.
HYG – Neutral Trend with Upward momentum.
DBC – DownTrend with Neutral momentum.
Summary (Daily Chart)
$DJT – UpTrend with Neutral momentum.
/YM – UpTrend with Neutral momentum.
/RTY – UpTrend with Neutral momentum.
/NQ – UpTrend with Upward momentum.
/ES – UpTrend with Upward momentum.
/CL – DownTrend with Downward momentum.
/GC – UpTrend with Neutral momentum.
/ZB – Neutral Trend with Upward momentum.
HYG – UpTrend with Upward momentum.
DBC – DownTrend with Downward momentum.
$DXY – DownTrend with Neutral momentum.
EUR/USD – UpTrend with Neutral momentum.
USD/JPY – DownTrend with Neutral momentum.
US Dollar is in a DownTrend.
Tight Squeezes
–
Squeezes (Daily)
/RTY
Preliminary Squeezes (Daily)
/CL, /ES, DBC, HYG
Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.25
Market Breadth – above the threshold line showing more gainers than losers.
Volume Acc/Dis – above the threshold line showing accumulation.
Vix – 23.12
Market Internals are signaling Bullishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLP, XLV, XLI, XLF, XLE, XLB, XLK, XLU, XLC and XLY.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLP, XLB, XLF, XLU, XLK, XLC and XLY.
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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