9 June 2023 – A new Bull market

Indices/Weekly Indices as of close of 9 Jun 2023 2023 — Chart 1: Weekly chart of the S&P 500 sectors

Summary (3-Day Chart)
$DJT – UpTrend with Upward momentum.
/ES – UpTrend with Upward momentum.
/NQ – UpTrend with Upward momentum.
/RTY – UpTrend with Upward momentum.
/YM – UpTrend with Upward momentum.

/CL – DownTrend with Neutral momentum.
/GC – UpTrend with Downward momentum.
/ZB – DownTrend with Downward momentum.
DBC – DownTrend with Downward momentum.
HYG – UpTrend with Downward momentum.

$DXY – NoTrend and Upward momentum.
EUR/USD – NoTrend and Downwward momentum.
USD/JPY – UpTrend and Upward momentum.

Summary (Daily Chart)
$DJT – UpTrend with Upward momentum.
/ES – UpTrend with Upward momentum.
/NQ – UpTrend with Downward momentum.
/RTY – UpTrend with Upward momentum.
/YM – UpTrend with Upward momentum.

/CL – DownTrend with Downward momentum.
/GC – DownTrend with Neutral momentum.
/ZB – DownTrend with Neutral momentum.
DBC – DownTrend with Upwardl momentum.
HYG – UpTrend with Upward momentum.

$DXY – UpTrend with Downward momentum.
EUR/USD – DownTrend with Upward momentum.
USD/JPY – UpTrend with Downward momentum.

Tight Squeezes
/BTC

Squeezes (Daily)
$DJT, /CL, /GC, /SI, DBC, HYG

Preliminary Squeezes (Daily)
$DXY, /YM, /ZB, /ZN, EUR/USD

Indices/Market Internals as of close of 9 June 2023 — Market Internals

Market Internals (Daily Chart)
Market Sentiment – Bullish.
Put/Call ratio – 1.438
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – below the threshold line showing distribution.
Vix – 14.6

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 9 June 2023 — Chart 3 – Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLI, XLK, XLY, XLC, XLF, XLB, XLV, XLE, XLU and XLP.

On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLI, XLE, XLC, XLB, XLV, XLP, XLY, XLU and XLF.

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