21 April 2023 – An indecisive week

Indices/Weekly Indices as of close of 21 April 2023 2023 — Chart 1: Weekly chart of the S&P 500 sectors

Summary (3-Day Chart)
$DJT – UpTrend with Upward momentum.
/ES – UpTrend with Upward momentum.
/NQ – UpTrend with Upward momentum.
/RTY – DownTrend with Upward momentum.
/YM – UpTrend with Upward momentum.

/CL – DownTrend with Upward momentum.
/GC – UpTrend with Upward momentum.
/ZB – NoTrend with Downward momentum.
DBC – DownTrend with Upward momentum.
HYG – UpTrend with Upward momentum.

$DXY – DownTrend and Downward momentum.
EUR/USD – UpTrend and Upward momentum.
USD/JPY – NoTrend and Upward momentum.

Summary (Daily Chart)
$DJT – NoTrend with Upward momentum.
/ES – UpTrend with Neutral momentum.
/NQ – UpTrend with Downward momentum.
/RTY – DownTrend with Neutral momentum.
/YM – UpTrend with Neutral momentum.

/CL – NoTrend with Downward momentum.
/GC – NoTrend with Downward momentum.
/ZB – NoTrend with Downward momentum.
DBC – NoTrend with Downward momentum.
HYG – UpTrend with Neutral momentum.

$DXY – DownTrend with Neutral momentum.
EUR/USD – UpTrend with Neutral momentum.
USD/JPY – UpTrend with Upward momentum.

Tight Squeezes
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Squeezes (Daily)
$DXY, /GC, /NQ, /RTY, EUR/USD, USD/JPY

Preliminary Squeezes (Daily)
$DJT, /BTC, /ZN, NDX

Indices/Market Internals as of close of 21 April 2023 — Market Internals

Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.164
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – above the threshold line showing accumulation.
Vix – 16.77

Relative Strength – Sectors

Indices/S&P 500 Sectors as close of 21 April 2023 — Chart 3 – Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLP, XLU, XLV, XLK, XLC, XLE, XLI, XLB, XLY and XLF.

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

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