22 May 2023 – Waiting for resolution of debt ceiling
Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and Upward momentum. /ES – UpTrend and Upward momentum. /NQ – UpTrend and Upward momentum. /RTY – UpTrend and Upward momentum. /YM – NoTrend and Upward momentum.
/CL – DownTrend and Upward momentum. /GC – DownTrend and Downward momentum. /ZB – DownTrend and Downward momentum. DBC – DownTrend and Downward momentum. HYG – DownTrend and Downward momentum.
$DXY – UpTrend and Upward momentum. EUR/USD – DownTrend and Downward momentum. USD/JPY – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) $DJT, /CL, /ES, /RTY, /YM
Preliminary Squeezes (The Week Ahead) /BTC, /GC, DBC, HYG, USD/JPY
Chart 2 – Market Internals
Market Internals Market Sentiment – Bearish Put/Call ratio – 1.192 Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – above threshold showing accumulation. Vix – 17.21 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 XLK, XLC, XLY, XLV, XLP, XLI, XLU, XLF, XLB and XLE.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLI, XLE, XLP, XLV, XLC, XLB, XLU, XLY and XLF.
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.
22 May 2023 – Waiting for resolution of debt ceiling
Summary (The Week Ahead)
$DJT – DownTrend and Upward momentum.
/ES – UpTrend and Upward momentum.
/NQ – UpTrend and Upward momentum.
/RTY – UpTrend and Upward momentum.
/YM – NoTrend and Upward momentum.
/CL – DownTrend and Upward momentum.
/GC – DownTrend and Downward momentum.
/ZB – DownTrend and Downward momentum.
DBC – DownTrend and Downward momentum.
HYG – DownTrend and Downward momentum.
$DXY – UpTrend and Upward momentum.
EUR/USD – DownTrend and Downward momentum.
USD/JPY – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
$DJT, /CL, /ES, /RTY, /YM
Preliminary Squeezes (The Week Ahead)
/BTC, /GC, DBC, HYG, USD/JPY
Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.192
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – above threshold showing accumulation.
Vix – 17.21
QTiTTs signal is Upward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLC, XLY, XLV, XLP, XLI, XLU, XLF, XLB and XLE.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLI, XLE, XLP, XLV, XLC, XLB, XLU, XLY and XLF.
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.
Share this:
Related