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, XLC, XLY, XLI, XLU, XLP, XLV, XLE, XLB and XLF.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLB, XLK, XLP, XLU, XLV, XLC, XLF 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.
14 March 2023 – Rally or a bounce?
Summary (The Week Ahead)
$DJT – DownTrend and Downward momentum.
/ES – DownTrend and Neutral momentum.
/NQ – UpTrend and Neutral momentum.
/RTY – DownTrend and Neutral momentum.
/YM – DownTrend and Neutral momentum.
/CL – DownTrend and Downward momentum.
/GC – UpTrend and Upward momentum.
/ZB – UpTrend and Upward momentum.
DBC – DownTrend and Downward momentum.
HYG – DownTrend and Downward momentum.
$DXY – NoTrend and Downward momentum.
EUR/USD – UpTrend and Upward momentum.
USD/JPY – NoTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
$DXY, /NQ, EUR/USD
Preliminary Squeezes (The Week Ahead)
/CL, DBC, HYG, NDX, USD/JPY
Market Internals
Market Sentiment – Extremely Bearish
Put/Call ratio – 0.984
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 23.73
QTiTTs signal is Downward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLC, XLY, XLI, XLU, XLP, XLV, XLE, XLB and XLF.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLB, XLK, XLP, XLU, XLV, XLC, XLF 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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