Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and Upward momentum. /YM – DownTrend and Neutral momentum. /RTY – DownTrend and Neutral momentum. /NQ – DownTrend and Neutral momentum. /ES – DownTrend and Neutral momentum.
The indices are trending downward and momentum is downward.
/CL – UpTrend and Upward momentum. /GC – DownTrend and Downward momentum. /ZB – DownTrend and Downward momentum. HYG – DownTrend and Neutral momentum. DBC – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead) /BTC
Daily Squeezes (The Week Ahead) USD/JPY
Preliminary Squeezes (The Week Ahead) –
Chart 2 – Market Internals
Market Internals Market Sentiment – Extremely Bearish. Put/Call ratio – 0.969 Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – below threshold line showing distribution overall. Vix – 32.45
QTiTTs signal is Bearish.
Relative Strength – Sectors
Chart 3 – 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, XLB, XLI, XLF, XLV, XLC, XLP, XLY, XLU and XLK.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLB, XLI, XLY, XLF, XLP, XLU, XLC and XLK.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above, the /RTY had a much tougher time trying to move upward as it has to go through many moving averages Resistances. With the current market being Bearish, downward movement as much faster with less resistances.
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.
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
10 October 2022 – Interest rates dominate market
Summary (The Week Ahead)
$DJT – DownTrend and Upward momentum.
/YM – DownTrend and Neutral momentum.
/RTY – DownTrend and Neutral momentum.
/NQ – DownTrend and Neutral momentum.
/ES – DownTrend and Neutral momentum.
The indices are trending downward and momentum is downward.
/CL – UpTrend and Upward momentum.
/GC – DownTrend and Downward momentum.
/ZB – DownTrend and Downward momentum.
HYG – DownTrend and Neutral momentum.
DBC – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead)
/BTC
Daily Squeezes (The Week Ahead)
USD/JPY
Preliminary Squeezes (The Week Ahead)
–
Market Internals
Market Sentiment – Extremely Bearish.
Put/Call ratio – 0.969
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – below threshold line showing distribution overall.
Vix – 32.45
QTiTTs signal is Bearish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLB, XLI, XLF, XLV, XLC, XLP, XLY, XLU and XLK.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLB, XLI, XLY, XLF, XLP, XLU, XLC and XLK.
In chart 4 above, the /RTY had a much tougher time trying to move upward as it has to go through many moving averages Resistances. With the current market being Bearish, downward movement as much faster with less resistances.
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.
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
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