13 January 2023 – Weekly Review – The upTrend continues

Indices/Weekly Indices as of close of 13 January 2023 2022 — Chart 1: Weekly chart of the S&P 500 sectors

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

/CL – DownTrend with Upward momentum.
/GC – UpTrend with Upward momentum.
/ZB – No Trend with Neutral momentum.
HYG – UpTrend with Upward momentum.
DBC – Neutral with Upward momentum.

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

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

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

Tight Squeezes
/SI

Squeezes (Daily)
/CL, /ES, /YM

Preliminary Squeezes (Daily)
$DJI, $DXY, /NQ, DBC, EUR/USD, NDX, USD/JPY

Indices/Market Internals as of close of 13 January 2023 — Market Internals

Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.144
Market Breadth – above the threshold line showing more gainers than losers.
Volume Acc/Dis – above the threshold line showing accumulation.
Vix – 20.87

Indices/S&P 500 Sectors as close of 13 January 2023 — 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 XLC, XLB, XLI, XLF, XLU, XLY, XLE, XLP, XLK and XLV.

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

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