Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – UpTrend and Upward momentum. /ES – UpTrend and Upward momentum. /NQ – UpTrend and Upward momentum. /RTY – No Trend and Neutral momentum. /YM – NoTrend and Upward momentum.
/CL – UpTrend and Upward momentum. /GC – DownTrend and Upward momentum. /ZB – DownTrend and Upward momentum. DBC – UpTrend and Upward momentum. HYG – DownTrend and Upward momentum.
$DXY – UpTrend and Downward momentum. EUR/USD – NoTrend and Upward momentum. USD/JPY – UpTrend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) /CL, /RTY, EUR/USD
Preliminary Squeezes (The Week Ahead) $DXY, /BTC, /GC, /NQ, DBC
Chart 2 – Market Internals
Market Internals Market Sentiment – Bearish Put/Call ratio – 1.054 Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 18.61
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 XLI, XLK, XLF, XLB, XLC, XLY, XLE, XLU, XLP and XLV.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLB, XLF, XLK, XLP, XLV, XLU, 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.
6 March 2023 – Bulls are still strong
Summary (The Week Ahead)
$DJT – UpTrend and Upward momentum.
/ES – UpTrend and Upward momentum.
/NQ – UpTrend and Upward momentum.
/RTY – No Trend and Neutral momentum.
/YM – NoTrend and Upward momentum.
/CL – UpTrend and Upward momentum.
/GC – DownTrend and Upward momentum.
/ZB – DownTrend and Upward momentum.
DBC – UpTrend and Upward momentum.
HYG – DownTrend and Upward momentum.
$DXY – UpTrend and Downward momentum.
EUR/USD – NoTrend and Upward momentum.
USD/JPY – UpTrend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
/CL, /RTY, EUR/USD
Preliminary Squeezes (The Week Ahead)
$DXY, /BTC, /GC, /NQ, DBC
Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.054
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 18.61
QTiTTs signal is Neutral.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLK, XLF, XLB, XLC, XLY, XLE, XLU, XLP and XLV.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLB, XLF, XLK, XLP, XLV, XLU, 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.
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