10 February 2023 – Weekly Review – A down week

Indices/Weekly Indices as of close of 10 February 2023 2023 — Chart 1: Weekly chart of the S&P 500 sectors

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

/CL – DownTrend with Upward momentum.
/GC – UpTrend with Downward momentum.
/ZB – DownTrend with Downward momentum.
HYG – DownTrend with Downward momentum.
DBC – Down Trend with Upward momentum.

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

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

$DXY – Neutral Trend with Upward momentum.
EUR/USD – Neutral Trend with Downward momentum.
USD/JPY – Neutral Trend with Upward momentum.

Tight Squeezes
–

Squeezes (Daily)
$DJI, /YM, USD/JPY

Preliminary Squeezes (Daily)
$DXY, /CL, /GC /ZB, EUR/USD, HYG

Indices/Market Internals as of close of 10 February 2023 — Market Internals

Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.031
Market Breadth – above the threshold line showing more losers than gainers.
Volume Acc/Dis – above the threshold line showing distribution.
Vix – 20.53

Indices/S&P 500 Sectors as close of 10 February 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 XLF, XLK, XLI, XLE, XLY, XLC, XLB, XLP, XLU and XLV.

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

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