Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Definitions Bullish bias – Candle Close is above 8 EMA, 21 EMA and 8 EMA is above 21 EMA. Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA, ATR Trailing SL and 8 EMA is above 21 EMA Bearish bias – Candle Close is below 8 EMA, 21 EMA and 8 EMA is below 21 EMA. Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and ATR Trailing SL and 8 EMA is below 21 EMA.
Summary (The Week Ahead) $DJT – DownTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – DownTrend and downward momentum. /NQ – DownTrend and downward momentum. /ES – DownTrend and downward momentum.
The indices are trending downward and momentum is downward.
/CL – DownTrend and downward momentum. /GC – DownTrend and downward momentum. /ZB – DownTrend and downward momentum. HYG – Sideward Trend and downward momentum. DBC – DownTrend and downward momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) –
Preliminary Squeezes (The Week Ahead) –
Market Internals
Market Internals Market Sentiment – Bearish. Put/Call ratio – 1.081. Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – below threshold line shows slowing distribution overall. Vix – 23.61.
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 XLU, XLE, XLY, XLF, XLV, XLI, XLB, XLP, XLK and XLC.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLV, XLI, XLP, XLY, XLF, XLB, XLK 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.
8 September 2022 – Her Majesty Queen II is dead
Definitions
Bullish bias – Candle Close is above 8 EMA, 21 EMA and 8 EMA is above 21 EMA.
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA, ATR Trailing SL and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 8 EMA, 21 EMA and 8 EMA is below 21 EMA.
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and ATR Trailing SL and 8 EMA is below 21 EMA.
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum.
/YM – DownTrend and downward momentum.
/RTY – DownTrend and downward momentum.
/NQ – DownTrend and downward momentum.
/ES – DownTrend and downward momentum.
The indices are trending downward and momentum is downward.
/CL – DownTrend and downward momentum.
/GC – DownTrend and downward momentum.
/ZB – DownTrend and downward momentum.
HYG – Sideward Trend and downward momentum.
DBC – DownTrend and downward momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
–
Preliminary Squeezes (The Week Ahead)
–
Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.081.
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – below threshold line shows slowing distribution overall. Vix – 23.61.
Market internals are Bearish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLY, XLF, XLV, XLI, XLB, XLP, XLK and XLC.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLV, XLI, XLP, XLY, XLF, XLB, XLK 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.
Share this:
Related