3 January 2022 – A slow grind upwards?

Indices/Indices as of close of 3 January 2022

Summary (The Week Ahead)
$DJT – UpTrend and decelerating upward momentum. /YM – UpTrend and accelerating upward momentum. /RTY – UpTrend and decelerating downward momentum. /NQ – UpTrend and decelerating upward momentum. /ES – UpTrend with accelerating upward momentum.

The indices are on an upTrend again.

/CL – UpTrend and decelerating downward momentum. /GC – UpTrend and accelerating upward momentum. /ZB – DownTrend and accelerating downward momentum. HYG – UpTrend with accelerating upward momentum. DBC – UpTrend with decelerating downward momentum.

Daily Tight Squeezes (The Week Ahead)
EUR/USD

Daily Squeezes (The Week Ahead)
$DXY, /GC, /NQ, /RTY, /SI, NZD/USD

Daily Preliminary Squeezes (The Week Ahead)
$DJT, /YM, /ZN, NDX, QQQ

Indices/Market Internals as of close of 3 January 2022 — Market Internals

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 1.989. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Vix – 16.6.

Market internals has a bullish bias.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 3 January 2022 — 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 XLP, XLK, XLU, XLV, XLY, XLB, XLE, XLI and XLF.

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

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