Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – NoTrend and Upward momentum. /ES – UpTrend and Upward momentum. /NQ – UpTrend and Downward momentum. /RTY – NoTrend and Upward momentum. /YM – UpTrend and Upward momentum.
/CL – UpTrend and Upward momentum. /GC – UpTrend and Downward momentum. /ZB – NoTrend and Downward momentum. DBC – UpTrend and Upward momentum. HYG – UpTrend and Upward momentum.
$DXY – DownTrend and Neutral momentum. EUR/USD – UpTrend and Neutral momentum. USD/JPY – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) $DXY, /GC, /NQ, /ZN, EUR/USD
Preliminary Squeezes (The Week Ahead) $DJT, /BTC, /ZB, NDX
Chart 2 – Market Internals
Market Internals Market Sentiment – Bearish Put/Call ratio – 1.188 Market Breadth – above threshold showing more gainers than losers. Volume Acc/Dis – above threshold showing accumulation. Vix – 16.95 QTiTTs signal is Upward.
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 XLP, XLC, XLV, XLU, XLK, XLE, XLI, XLB, XLY and XLF.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLP, XLB, XLK, XLU, 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.
17 April 2023 – A slow trend upward
Summary (The Week Ahead)
$DJT – NoTrend and Upward momentum.
/ES – UpTrend and Upward momentum.
/NQ – UpTrend and Downward momentum.
/RTY – NoTrend and Upward momentum.
/YM – UpTrend and Upward momentum.
/CL – UpTrend and Upward momentum.
/GC – UpTrend and Downward momentum.
/ZB – NoTrend and Downward momentum.
DBC – UpTrend and Upward momentum.
HYG – UpTrend and Upward momentum.
$DXY – DownTrend and Neutral momentum.
EUR/USD – UpTrend and Neutral momentum.
USD/JPY – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
$DXY, /GC, /NQ, /ZN, EUR/USD
Preliminary Squeezes (The Week Ahead)
$DJT, /BTC, /ZB, NDX
Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.188
Market Breadth – above threshold showing more gainers than losers.
Volume Acc/Dis – above threshold showing accumulation.
Vix – 16.95
QTiTTs signal is Upward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLC, XLV, XLU, XLK, XLE, XLI, XLB, XLY and XLF.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLP, XLB, XLK, XLU, 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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