Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – No Trend and Downward momentum. /YM – DownTrend and Downward momentum. /RTY – No Trend and Downward momentum. /NQ – No Trend and Downward momentum. /ES – No Trend and Downward momentum.
/CL – DownTrend and Downward momentum. /GC – DownTrend and Downward momentum. /ZB – DownTrend and Downward momentum. HYG – DownTrend and Neutral momentum. DBC – DownTrend and Downward momentum.
Market Internals Market Sentiment – Bearish Put/Call ratio – 1.069 Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 21.14
QTiTTs signal is Neutral.
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 XLK, XLY, XLF, XLI, XLC, XLB, XLP, XLE, XLV and XLU.
On a 12-monthly lookback, 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 -1 minute day chart with QTiTTs
In 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
23 February 2023 – The Bulls are strong
Summary (The Week Ahead)
$DJT – No Trend and Downward momentum.
/YM – DownTrend and Downward momentum.
/RTY – No Trend and Downward momentum.
/NQ – No Trend and Downward momentum.
/ES – No Trend and Downward momentum.
/CL – DownTrend and Downward momentum.
/GC – DownTrend and Downward momentum.
/ZB – DownTrend and Downward momentum.
HYG – DownTrend and Neutral momentum.
DBC – DownTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
/CL, /NQ
Preliminary Squeezes (The Week Ahead)
$DJI, /BTC, /ES, , /RTY, /YM, NDX , SPX
Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.069
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 21.14
QTiTTs signal is Neutral.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, XLF, XLI, XLC, XLB, XLP, XLE, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLB, XLF, XLV, XLP, XLK, XLU, XLY and XLC.
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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