Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – NoTrend and Downward momentum. /ES – DownTrend and Downward momentum. /NQ – DownTrend and Downward momentum. /RTY – DownTrend and Downward momentum. /YM – NoTrend and Downward momentum.
/CL – NoTrend and Downward momentum. /GC – DownTrend and Downward momentum. /ZB – DownTrend and Downward momentum. DBC – NoTrend 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) /BTC, /YM
Preliminary Squeezes (The Week Ahead) $DJT, /CL, DBC, EUR/USD, HYG
Chart 2 – Market Internals
Market Internals Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 16.78 QTiTTs signal is DownTrend.
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 XLV, XLE, XLI, XLF, XLC, XLY, XLB, XLP, XLK and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLI, XLK, XLY, XLB, XLE, XLV, XLP, XLF 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.
16 August 2023 – Pullback begins
Summary (The Week Ahead)
$DJT – NoTrend and Downward momentum.
/ES – DownTrend and Downward momentum.
/NQ – DownTrend and Downward momentum.
/RTY – DownTrend and Downward momentum.
/YM – NoTrend and Downward momentum.
/CL – NoTrend and Downward momentum.
/GC – DownTrend and Downward momentum.
/ZB – DownTrend and Downward momentum.
DBC – NoTrend 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)
/BTC, /YM
Preliminary Squeezes (The Week Ahead)
$DJT, /CL, DBC, EUR/USD, HYG
Market Internals
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 16.78
QTiTTs signal is DownTrend.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLE, XLI, XLF, XLC, XLY, XLB, XLP, XLK and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLI, XLK, XLY, XLB, XLE, XLV, XLP, XLF 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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