Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – UpTrend and Upward momentum. Overbought /ES – UpTrend and Upward momentum. /NQ – UpTrend and Neutral momentum. /RTY – UpTrend and Upward momentum. /YM – UpTrend and Upward momentum.
/CL – UpTrend and Upward momentum. /GC – NoTrend and Upward momentum. /ZB – DownTrend and Neutral momentum. DBC – UpTrend and Upward momentum. HYG – DownTrend and Downward momentum.
$DXY – DownTrend and Downward momentum. EUR/USD – UpTrend and Upward momentum. USD/JPY – DownTrend and Downward momentum. (Overbought)
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) /ES, /GC, /NQ, /YM, NDX
Preliminary Squeezes (The Week Ahead) /RTY, HYG, SPX
Chart 2 – Market Internals
Market Internals Market Breadth – above threshold showing more gainers than losers. Volume Acc/Dis – above threshold showing accumulation. Vix – 13.54 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 XLC, XLY, XLB, XLK, XLF, XLI, XLE, XLU, XLV and XLP.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, XLY, XLI, XLB, XLP, XLF, XLE, XLV and XLU.
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.
12 July 2023 – Indices up, oil is up
Summary (The Week Ahead)
$DJT – UpTrend and Upward momentum. Overbought
/ES – UpTrend and Upward momentum.
/NQ – UpTrend and Neutral momentum.
/RTY – UpTrend and Upward momentum.
/YM – UpTrend and Upward momentum.
/CL – UpTrend and Upward momentum.
/GC – NoTrend and Upward momentum.
/ZB – DownTrend and Neutral momentum.
DBC – UpTrend and Upward momentum.
HYG – DownTrend and Downward momentum.
$DXY – DownTrend and Downward momentum.
EUR/USD – UpTrend and Upward momentum.
USD/JPY – DownTrend and Downward momentum. (Overbought)
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
/ES, /GC, /NQ, /YM, NDX
Preliminary Squeezes (The Week Ahead)
/RTY, HYG, SPX
Market Internals
Market Breadth – above threshold showing more gainers than losers.
Volume Acc/Dis – above threshold showing accumulation.
Vix – 13.54
QTiTTs signal is Upward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLY, XLB, XLK, XLF, XLI, XLE, XLU, XLV and XLP.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, XLY, XLI, XLB, XLP, XLF, XLE, XLV and XLU.
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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