20 December 2022 – Taking a breather on the way down?
Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and Downward momentum. /YM – No Trend and Downward momentum. /RTY – DownTrend and Downward momentum. /NQ – DownTrend and Downward momentum. /ES – DownTrend and Downward momentum.
/CL – DownTrend and Upward momentum. /GC – UpTrend and Downward momentum. /ZB – No Trend and Downward momentum. HYG – No Trend and Downward momentum. DBC – DownTrend and Downward momentum.
Market Internals Market Sentiment – Bearish. Put/Call ratio – 1.11 Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold line showing distribution. Vix – 21.48
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 XLI, XLP, XLV, XLB, XLE, XLF, XLU, XLK, XLC and XLY.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLP, XLU, XLB, XLF, XLK, XLC and XLY.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above shows the 1 minute chart of the /RTY.
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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
20 December 2022 – Taking a breather on the way down?
Summary (The Week Ahead)
$DJT – DownTrend and Downward momentum.
/YM – No Trend and Downward momentum.
/RTY – DownTrend and Downward momentum.
/NQ – DownTrend and Downward momentum.
/ES – DownTrend and Downward momentum.
/CL – DownTrend and Upward momentum.
/GC – UpTrend and Downward momentum.
/ZB – No Trend and Downward momentum.
HYG – No Trend and Downward momentum.
DBC – DownTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
/BTC, /CL, /ZN
Preliminary Squeezes (The Week Ahead)
$DXY, /ES, /GC, /NQ, /YM, /ZB, HYG, USD/JPY
Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.11
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold line showing distribution.
Vix – 21.48
QTiTTs signal is Bearish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLP, XLV, XLB, XLE, XLF, XLU, XLK, XLC and XLY.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLP, XLU, XLB, XLF, 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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