31 March 2023 – Weekly Review – A big close to the quarter
Chart 1: Weekly chart of the S&P 500 sectors
Summary (3-Day Chart) $DJT – UpTrend with Downward momentum. /ES – UpTrend with Upward momentum. /NQ – UpTrend with Upward momentum. /RTY – DownTrend with Downward momentum. /YM – UpTrend with Upward momentum.
/CL – NoTrend with Upward momentum. /GC – UpTrend with Upward momentum. /ZB – UpTrend with Upward momentum. DBC – DownTrend with Upward momentum. HYG – UpTrend with Upward momentum.
$DXY – DownTrend and Downward momentum. EUR/USD – UpTrend and Upward momentum. USD/JPY – DownTrend and Downward momentum.
Summary (Daily Chart) $DJT – NoTrend with Upward momentum. /ES – UpTrend with Upward momentum. /NQ – UpTrend with Upward momentum. /RTY – NoTrend with Upward momentum. /YM – UpTrend with Upward momentum.
/CL – NoTrend with Upward momentum. /GC – UpTrend with Upward momentum. /ZB – UpTrend with Downward momentum. DBC – NoTrend with Upward momentum. HYG – UpTrend with Upward momentum.
$DXY – DownTrend with Downward momentum. EUR/USD – UpTrend with Upward momentum. USD/JPY – UpTrend with Upward momentum.
Tight Squeezes –
Squeezes (Daily) /ES, /YM
Preliminary Squeezes (Daily) /RTY, HYG, SPX
Market Internals
Market Internals (Daily Chart) Market Sentiment – Bearish. Put/Call ratio – 1.179 Market Breadth – above threshold line showing more gainers than losers. Volume Acc/Dis – above the threshold line showing accumulation. Vix – 18.7
Table 1: Tabulation of the S&P 500 Sectors
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLP, XLC, XLI, XLY, XLB, XLU, XLV, XLE and XLF.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLI, XLE, XLK, XLP, XLB, XLV, XLU, XLC, XLY and XLF.
1 minute day chart with QTiTTs
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.
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
31 March 2023 – Weekly Review – A big close to the quarter
Summary (3-Day Chart)
$DJT – UpTrend with Downward momentum.
/ES – UpTrend with Upward momentum.
/NQ – UpTrend with Upward momentum.
/RTY – DownTrend with Downward momentum.
/YM – UpTrend with Upward momentum.
/CL – NoTrend with Upward momentum.
/GC – UpTrend with Upward momentum.
/ZB – UpTrend with Upward momentum.
DBC – DownTrend with Upward momentum.
HYG – UpTrend with Upward momentum.
$DXY – DownTrend and Downward momentum.
EUR/USD – UpTrend and Upward momentum.
USD/JPY – DownTrend and Downward momentum.
Summary (Daily Chart)
$DJT – NoTrend with Upward momentum.
/ES – UpTrend with Upward momentum.
/NQ – UpTrend with Upward momentum.
/RTY – NoTrend with Upward momentum.
/YM – UpTrend with Upward momentum.
/CL – NoTrend with Upward momentum.
/GC – UpTrend with Upward momentum.
/ZB – UpTrend with Downward momentum.
DBC – NoTrend with Upward momentum.
HYG – UpTrend with Upward momentum.
$DXY – DownTrend with Downward momentum.
EUR/USD – UpTrend with Upward momentum.
USD/JPY – UpTrend with Upward momentum.
Tight Squeezes
–
Squeezes (Daily)
/ES, /YM
Preliminary Squeezes (Daily)
/RTY, HYG, SPX
Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.179
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – above the threshold line showing accumulation.
Vix – 18.7
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLP, XLC, XLI, XLY, XLB, XLU, XLV, XLE and XLF.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLI, XLE, XLK, XLP, XLB, XLV, XLU, XLC, XLY and XLF.
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.
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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