Summary (3-Day Chart) $DJI – No Trend with Downward momentum. $DJT – UpTrend with Downward momentum. /ES – No Trend with Upward momentum. /NQ – UpTrend with Downward momentum. /RTY – UpTrend with Downward momentum.
/CL – DownTrend with Neutral momentum. /GC – No Trend with Downward momentum. /ZB – DownTrend with Downward momentum. DBC – Down Trend with Downward momentum. HYG – DownTrend with Downward momentum.
Summary (Daily Chart) $DJI – DownTrend with Downward momentum. $DJT – No Trend with Downward momentum. /ES – DownTrend with Downward momentum. /NQ – No Trend with Downward momentum. /RTY – No Trend with Downward momentum.
/CL – DownTrend with Downward momentum. /GC – DownTrend with Downward momentum. /ZB – DownTrend with Neutral momentum. DBC – DownTrend with Downward momentum. HYG – DownTrend with Neutral momentum.
$DXY – UpTrend with Upward momentum. EUR/USD – DownTrend with Downward momentum. USD/JPY – UpTrend with Upward momentum.
Market Internals (Daily Chart) Market Sentiment – Extremely Bearish. Put/Call ratio – 0.988 Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – below the threshold line showing distribution. Vix – 21.67
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 XLK, XLF, XLY, XLI, XLC, XLB, XLE, 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, XLP, XLV, XLK, XLU, XLC and XLY.
1 minute day chart with QTiTTs
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
24 February 2023 – Weekly Review – A Down Week
Summary (3-Day Chart)
$DJI – No Trend with Downward momentum.
$DJT – UpTrend with Downward momentum.
/ES – No Trend with Upward momentum.
/NQ – UpTrend with Downward momentum.
/RTY – UpTrend with Downward momentum.
/CL – DownTrend with Neutral momentum.
/GC – No Trend with Downward momentum.
/ZB – DownTrend with Downward momentum.
DBC – Down Trend with Downward momentum.
HYG – DownTrend with Downward momentum.
Summary (Daily Chart)
$DJI – DownTrend with Downward momentum.
$DJT – No Trend with Downward momentum.
/ES – DownTrend with Downward momentum.
/NQ – No Trend with Downward momentum.
/RTY – No Trend with Downward momentum.
/CL – DownTrend with Downward momentum.
/GC – DownTrend with Downward momentum.
/ZB – DownTrend with Neutral momentum.
DBC – DownTrend with Downward momentum.
HYG – DownTrend with Neutral momentum.
$DXY – UpTrend with Upward momentum.
EUR/USD – DownTrend with Downward momentum.
USD/JPY – UpTrend with Upward momentum.
Tight Squeezes
–
Squeezes (Daily)
/CL, /NQ, /RTY
Preliminary Squeezes (Daily)
$DJI, /BTC, /ES, /YM, DBC, NDX, SPX
Market Internals (Daily Chart)
Market Sentiment – Extremely Bearish.
Put/Call ratio – 0.988
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – below the threshold line showing distribution.
Vix – 21.67
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLF, XLY, XLI, XLC, XLB, XLE, 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, XLP, XLV, XLK, XLU, XLC and XLY.
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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