Summary (The Week Ahead) $DJT – DownTrend and accelerating downward momentum. /YM – DownTrend and accelerating downward momentum. /RTY – DownTrend and accelerating downward momentum. /NQ – DownTrend and accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
The indices are trending downward.
/CL – UpTrend and accelerating upward momentum. /GC – DownTrend and accelerating downward 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) –
Daily Squeezes (The Week Ahead) /CL, AUD/NZD
Preliminary Squeezes $DJT, /ZN, DBC
Market Internals
Market Internals Market Sentiment – Bearish. Put/Call ratio – 1.066. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Vix – 32.34.
Market internals are bearish.
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, XLU, XLB, XLV, XLC, XLI, XLK, XLY and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLP, XLU, XLB, XLV, XLK, XLI, XLY, XLF and XLC.
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.
3 May 2022 – Looking for a bottom
Summary (The Week Ahead)
$DJT – DownTrend and accelerating downward momentum. /YM – DownTrend and accelerating downward momentum. /RTY – DownTrend and accelerating downward momentum. /NQ – DownTrend and accelerating downward momentum. /ES – DownTrend with accelerating downward momentum.
The indices are trending downward.
/CL – UpTrend and accelerating upward momentum. /GC – DownTrend and accelerating downward 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)
–
Daily Squeezes (The Week Ahead)
/CL, AUD/NZD
Preliminary Squeezes
$DJT, /ZN, DBC
Market Internals
Market Sentiment – Bearish. Put/Call ratio – 1.066. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Vix – 32.34.
Market internals are bearish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLP, XLU, XLB, XLV, XLC, XLI, XLK, XLY and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLP, XLU, XLB, XLV, XLK, XLI, XLY, XLF and XLC.
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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