Bursa KLCI

18 January 2022 – The indices tumbled

Summary (The Week Ahead)
$DJTDownTrend and accelerating downward momentum. /YMDownTrend and decelerating upward momentum. /RTYDownTrend and accelerating downward momentum. /NQ DownTrend and accelerating downward momentum. /ESDownTrend with accelerating downward momentum.

The indices are trending downward.

/CLUpTrend and accelerating upward momentum. /GC Sideward Trend and accelerating upward momentum. /ZBDownTrend and accelerating downward momentum. HYGDownTrend with accelerating downward momentum. DBCUpTrend with accelerating upward momentum.

Daily Tight Squeezes (The Week Ahead)
AUD/NZD, NZD/USD

Daily Squeezes (The Week Ahead)
/GC, /SI, EUR/USD

Preliminary Squeezes
/YM

Market Internals

Market Internals
Market Sentiment – Neutral. Put/Call ratio – 1.259. Market Breadth – sloping upwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Vix – 22.79.

Market internals has a bearish bias.

Relative Strength – Sectors

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 XLE, XLP, XLI, XLF, XLU, XLB, XLV, XLK and XLY.

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

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