17 February 2022 – Fear of war. It is downwards.

Indices/Indices as of close of 17 February 2022

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

The indices are trending downwards.

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

Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
$DJI, $DJT, /ES, /NQ, /RTY, /YM, AUD/NZD, EUR/NZD, NDX, NZD/USD, SPX, USD/JPY

Preliminary Squeezes
/CL, /SI

Indices/Market Internals as of close of 17 February 2022 — Market Internals

Market Internals
Market Sentiment – Neutral. Put/Call ratio – 1.175. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Vix – 28.11.

Market internals has a bearish bias.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 17 February 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 XLE, XLP, XLF, XLB, XLK, XLY, XLV, XLI, XLU and XLC.

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

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