16 August 2022 – Bulls struggling

Indices/Indices as of close of 16 Aug 2022

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

The indices are trending upward.

/CL – DownTrend and accelerating downward momentum. /GC – Sideward Trend (Bullish bias) and accelerating upward momentum. /ZB – Sideward Trend and decelerating upward momentum. HYG – UpTrend and accelerating upward momentum. DBC – Sideward Trend with decelerating downward momentum.

Daily Tight Squeezes (The Week Ahead)
EUR/USD

Daily Squeezes (The Week Ahead)
$DXY, /BTC, /ZB, /ZN, AUD/NZD, DBC

Preliminary Squeezes (The Week Ahead)
/CL, USD/JPY

Indices/Market Internals as of close of 16 Aug 2022 — Market Internals

Market Internals
Market Sentiment – Bullish. Put/Call ratio – 1.452. Market Breadth – above threshold line showing more gainers than losers. Volume Acc/Dis – above threshold line shows accumulation overall. Vix – 19.69.

Market internals are Bullish.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 16 Aug 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 XLU, XLK, XLI, XLF, XLP, XLV, XLY, XLC, XLB and XLE.

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

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