9 November 2022 – US Election flop

Indices/Indices as of close of 9 November 2022 — Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJT – UpTrend and Neutral momentum.
/YM – UpTrend and Neutral momentum.
/RTY – DownTrend and Downward momentum.
/NQ – DownTrend andNeutral momentum.
/ES – DownTrend and Neutral momentum.

The indices are trending downward and momentum is upward.

/CL – DownTrend and Downward momentum.
/GC – UpTrend and Upward momentum.
/ZB – DownTrend and Upward momentum.
HYG – DownTrend and Downward momentum.
DBC – Neutral Trend and Neutral momentum.

Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
/CL, /ES, /NQ, /RTY, /ZN, EUR/USD, USD/JPY

Preliminary Squeezes (The Week Ahead)
$DXY, /GC, /ZB, HYG, NDX, SPX

Indices/Market Internals as of close of 9 November 2022 — Chart 2 – Market Internals

Market Internals
Market Sentiment – Extremely Bearish.
Put/Call ratio – 0.953
Market Breadth – above threshold.
Volume Acc/Dis – above threshold line showing accumulation overall but turning downward.
Vix – 26.09

QTiTTs signal is Bullish.

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 9 November 2022 — 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 XLV, XLF, XLE, XLI, XLB, XLP, XLU, XLK, XLC and XLY.

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

In chart 4 above shows the 1 minute chart of the /RTY.

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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