Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and Neutral momentum. /ES – DownTrend and Downward momentum. /NQ – DownTrend and Downward momentum. /RTY – DownTrend and Downward momentum. /YM – DownTrend and Downward momentum.
/CL – DownTrend and Downward momentum. /GC – UpTrend and Upward momentum. /ZB – DownTrend and Neutral momentum. DBC – DownTrend and Downward momentum. HYG – DownTrend and Upward momentum.
$DXY – UpTrend and Neutral momentum. EUR/USD – DownTrend and Neutral momentum. USD/JPY – UpTrend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead) EUR/USD
Daily Squeezes (The Week Ahead) $DXY
Preliminary Squeezes (The Week Ahead) /CL, /ZB, HYG, USD/JPY
Chart 2 – Market Internals
Market Internals Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 18.14 QTiTTs signal is Bearish.
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 XLU, XLC, XLP, XLF, XLK, SPX, XLB, XLI, XLY, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, XLE, SPX, XLY, XLF, XLU, XLP, XLI, XLB and XLV.
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.
31 October 2023 – The bounce continues
Summary (The Week Ahead)
$DJT – DownTrend and Neutral momentum.
/ES – DownTrend and Downward momentum.
/NQ – DownTrend and Downward momentum.
/RTY – DownTrend and Downward momentum.
/YM – DownTrend and Downward momentum.
/CL – DownTrend and Downward momentum.
/GC – UpTrend and Upward momentum.
/ZB – DownTrend and Neutral momentum.
DBC – DownTrend and Downward momentum.
HYG – DownTrend and Upward momentum.
$DXY – UpTrend and Neutral momentum.
EUR/USD – DownTrend and Neutral momentum.
USD/JPY – UpTrend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead)
EUR/USD
Daily Squeezes (The Week Ahead)
$DXY
Preliminary Squeezes (The Week Ahead)
/CL, /ZB, HYG, USD/JPY
Market Internals
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 18.14
QTiTTs signal is Bearish.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLC, XLP, XLF, XLK, SPX, XLB, XLI, XLY, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, XLE, SPX, XLY, XLF, XLU, XLP, XLI, XLB and XLV.
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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