Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Definitions Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA 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 Neutral momentum. /ZB – DownTrend and downward momentum. HYG – DownTrend and downward momentum. DBC – DownTrend and downward momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) $DXY, /BTC, EUR/USD
Preliminary Squeezes (The Week Ahead) /CL, /GC, USD/JPY
Market Internals
Market Internals Market Sentiment – Extremely Bearish. Put/Call ratio – 0.953 Market Breadth – below threshold line showing more losers than gainers. This is distribution. Volume Acc/Dis – below threshold line showing distribution overall. Bears are dominant. Vix – 27.35
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, XLU, XLY, XLF, XLI, XLV, XLK, XLP, XLC and XLB.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLY, XLV, XLP, XLF, XLI, XLK, XLC and XLB.
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.
22 September 2022 – Carry on downward
Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA 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 Neutral momentum.
/ZB – DownTrend and downward momentum.
HYG – DownTrend and downward momentum.
DBC – DownTrend and downward momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
$DXY, /BTC, EUR/USD
Preliminary Squeezes (The Week Ahead)
/CL, /GC, USD/JPY
Market Internals
Market Sentiment – Extremely Bearish.
Put/Call ratio – 0.953
Market Breadth – below threshold line showing more losers than gainers. This is distribution.
Volume Acc/Dis – below threshold line showing distribution overall. Bears are dominant.
Vix – 27.35
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, XLU, XLY, XLF, XLI, XLV, XLK, XLP, XLC and XLB.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLE, XLY, XLV, XLP, XLF, XLI, XLK, XLC and XLB.
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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