7 February 2023 – Market rallies

Indices/Indices as of close of 7 February 2023 — Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJT – UpTrend and Neutral momentum.
/YM – UpTrend and Upward momentum.
/RTY – UpTrend and Neutral momentum.
/NQ – UpTrend and Neutral momentum.
/ES – UpTrend and Neutral momentum.

/CL – DownTrend and Downward momentum.
/GC – No Trend and Downward momentum.
/ZB – DownTrend and Downward momentum.
HYG – UpTrend and Downward momentum.
DBC – DownTrend and Downward momentum.

Daily Tight Squeezes (The Week Ahead)
–

Daily Squeezes (The Week Ahead)
$DJI, $DXY, /YM, /ZB, EUR/USD, HYG, USD/JPY

Preliminary Squeezes (The Week Ahead)
/CL, /GC, /SI, /ZN

Indices/Market Internals as of close of 7 February 2023 — Chart 2 – Market Internals

Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.218
Market Breadth – above threshold showing more gainers than losers.
Volume Acc/Dis – above threshold showing accumulation.
Vix – 18.66

QTiTTs signal is Bullish.

Indices/S&P 500 Sectors as close of 7 February 2023 — 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