Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and Downward momentum. /ES – NoTrend and Neutral momentum. /NQ – UpTrend and Upward momentum. /RTY – DownTrend and Neutral momentum. /YM – DownTrend and Neutral momentum.
/CL – DownTrend and Downward momentum. /GC – UpTrend and Upward momentum. /ZB – UpTrend and Upward momentum. DBC – DownTrend and Downward momentum. HYG – DownTrend and Neutral momentum.
$DXY – UpTrend and Downward momentum. EUR/USD – UpTrend and Neutral momentum. USD/JPY – NoTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) $DXY, /ES, /NQ, EUR/USD, HYG
Preliminary Squeezes (The Week Ahead) /YM, NDX, SPX, USD/JPY
Chart 2 – Market Internals
Market Internals Market Sentiment – Bearish Put/Call ratio – 1.073 Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 22.99
QTiTTs signal is Downward.
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 XLK, XLC, XLY, XLU, XLP, XLI, XLV, XLF, XLB and XLE.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLK, XLP, XLU, XLB, XLV, XLC, XLF and XLY.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above shows the 1 minute chart of the /RTY.
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.
16 March 2023 – Rally after Credit Suisse rescue
Summary (The Week Ahead)
$DJT – DownTrend and Downward momentum.
/ES – NoTrend and Neutral momentum.
/NQ – UpTrend and Upward momentum.
/RTY – DownTrend and Neutral momentum.
/YM – DownTrend and Neutral momentum.
/CL – DownTrend and Downward momentum.
/GC – UpTrend and Upward momentum.
/ZB – UpTrend and Upward momentum.
DBC – DownTrend and Downward momentum.
HYG – DownTrend and Neutral momentum.
$DXY – UpTrend and Downward momentum.
EUR/USD – UpTrend and Neutral momentum.
USD/JPY – NoTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
$DXY, /ES, /NQ, EUR/USD, HYG
Preliminary Squeezes (The Week Ahead)
/YM, NDX, SPX, USD/JPY
Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.073
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 22.99
QTiTTs signal is Downward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLC, XLY, XLU, XLP, XLI, XLV, XLF, XLB and XLE.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLK, XLP, XLU, XLB, XLV, XLC, XLF and XLY.
In chart 4 above shows the 1 minute chart of the /RTY.
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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