Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – UpTrend and Upward momentum. /YM – UpTrend and Upward momentum. /RTY – UpTrend and Upward momentum. /NQ – UpTrend and Upward momentum. /ES – UpTrend and Upward momentum.
/CL – DownTrend and Downward momentum. /GC – UpTrend and Downward momentum. Overbought signal. /ZB – UpTrend and Neutral momentum. HYG – UpTrend and Downward momentum. DBC – DownTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead) /SI
Daily Squeezes (The Week Ahead) $DJI, /YM, /ZB, ZN, EUR/USD
Preliminary Squeezes (The Week Ahead) $DXY, /CL, /GC, HYG, USD/JPY
Chart 2 – Market Internals
Market Internals Market Sentiment – Bulliish. Put/Call ratio – 1.473 Market Breadth – above threshold showing more gainers than losers. Volume Acc/Dis – above threshold showing accumulation. Vix – 18.73
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 XLC, XLK, XLY, XLF, XLI, XLB, XLP, XLU, XLE and XLV.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLB, XLF, XLV, XLU, XLP, 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
2 February 2023 – Huge surge upward!
Summary (The Week Ahead)
$DJT – UpTrend and Upward momentum.
/YM – UpTrend and Upward momentum.
/RTY – UpTrend and Upward momentum.
/NQ – UpTrend and Upward momentum.
/ES – UpTrend and Upward momentum.
/CL – DownTrend and Downward momentum.
/GC – UpTrend and Downward momentum. Overbought signal.
/ZB – UpTrend and Neutral momentum.
HYG – UpTrend and Downward momentum.
DBC – DownTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
/SI
Daily Squeezes (The Week Ahead)
$DJI, /YM, /ZB, ZN, EUR/USD
Preliminary Squeezes (The Week Ahead)
$DXY, /CL, /GC, HYG, USD/JPY
Market Internals
Market Sentiment – Bulliish.
Put/Call ratio – 1.473
Market Breadth – above threshold showing more gainers than losers.
Volume Acc/Dis – above threshold showing accumulation.
Vix – 18.73
QTiTTs signal is Bullish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, XLY, XLF, XLI, XLB, XLP, XLU, XLE and XLV.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLB, XLF, XLV, XLU, XLP, 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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