Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and Neutral momentum. /YM – No Trend and Neutral momentum. /RTY – DownTrend and Neutral momentum. /NQ – DownTrend and Neutral momentum. /ES – DownTrend and Neutral momentum.
/CL – DownTrend and Downward momentum. /GC – UpTrend and Upward momentum. /ZB – UpTrend and Neutral momentum. HYG – UpTrend and Upward momentum. DBC – DownTrend and Downward momentum.
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 XLU, XLI, XLF, XLP, XLV, XLB, XLC, XLE, XLK and XLY.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLV, XLE, XLU, XLP, 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.
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
4 January 2023 – A range trading market
Summary (The Week Ahead)
$DJT – DownTrend and Neutral momentum.
/YM – No Trend and Neutral momentum.
/RTY – DownTrend and Neutral momentum.
/NQ – DownTrend and Neutral momentum.
/ES – DownTrend and Neutral momentum.
/CL – DownTrend and Downward momentum.
/GC – UpTrend and Upward momentum.
/ZB – UpTrend and Neutral momentum.
HYG – UpTrend and Upward momentum.
DBC – DownTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
$DXY, /BTC, /GC, /RTY, /SI, /YM, EUR/USD
Preliminary Squeezes (The Week Ahead)
$DJI, $DJT, /CL, /ES, DBC
Market Internals
Market Sentiment – Extremely Bearish.
Put/Call ratio – 1.064
Market Breadth – above threshold showing more gainers than losers.
Volume Acc/Dis – above threshold showing accumulation.
Vix – 22.01
QTiTTs signal is Bearish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLI, XLF, XLP, XLV, XLB, XLC, XLE, XLK and XLY.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLV, XLE, XLU, XLP, 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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