Market Internals Market Sentiment – Bearish Put/Call ratio – 1.283 Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – above threshold line showing accumulation overall. Vix – 25.81
QTiTTs signal is Bullish.
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, XLV, XLF, XLI, XLP, XLB, XLU, XLK, XLY and XLC.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLP, XLU, XLF, XLB, XLK, XLY and XLC.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above, there was the initial violent up/down movement that characterize the market Open. The Bears took initial control of the day’s trading till about midday. The bulls managed to bring it back up till about 2 pm before the bears took it back down. Just a range trading day.
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
1 November 2022 – Bulls are in control?
Summary (The Week Ahead)
$DJT – UpTrend and Upward momentum.
/YM – UpTrend and Upward momentum.
/RTY – UpTrend and Upward momentum.
/NQ – DownTrend and Upward momentum.
/ES – Neutral Trend and Upward momentum.
The indices are trending downward and momentum is upward.
/CL – DownTrend and Upward momentum.
/GC – DownTrend and Upward momentum.
/ZB – DownTrend and Upward momentum.
HYG – UpTrend and Upward momentum.
DBC – Neutral Trend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
/CL, /NQ, /ZN, USD/JPY
Preliminary Squeezes (The Week Ahead)
$DXY, /BTC, /GC, /SI, DBC, EUR/USD, NDX
Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.283
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – above threshold line showing accumulation overall.
Vix – 25.81
QTiTTs signal is Bullish.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLI, XLP, XLB, XLU, XLK, XLY and XLC.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLP, XLU, XLF, XLB, XLK, XLY and XLC.
In chart 4 above, there was the initial violent up/down movement that characterize the market Open. The Bears took initial control of the day’s trading till about midday. The bulls managed to bring it back up till about 2 pm before the bears took it back down. Just a range trading day.
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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