Preliminary Squeezes (The Week Ahead) $DJT, /BTC, /ZN
Chart 2 – Market Internals
Market Internals Market Sentiment – Bearish Put/Call ratio – 1.143 Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 16.079 QTiTTs signal is Upward.
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 XLC, XLK, XLP, XLV, XLU, XLI, XLY, XLB, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLP, XLI, XLV, XLK, XLB, XLU, XLC, XLF and XLY.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above shows the 1 minute chart of the /RTY.
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1 May 2023 – Is this the end of the rally?
Summary (The Week Ahead)
$DJT – NoTrend and Neutral momentum.
/ES – UpTrend and Upward momentum.
/NQ – UpTrend and Upward momentum.
/RTY – DownTrend and Neutral momentum.
/YM – UpTrend and Neutral momentum.
/CL – DownTrend and Downward momentum.
/GC – NoTrend and Downward momentum.
/ZB – NoTrend and Downward momentum.
DBC – DownTrend and Downward momentum.
HYG – NoTrend and Neutral momentum.
$DXY – NoTrend and Upward momentum.
EUR/USD – UpTrend and Downward momentum.
USD/JPY – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead)
/SI, HYG
Daily Squeezes (The Week Ahead)
$DXY, /ES, /GC, /NQ, /RTY, /YM, EUR/USD, NDX, SPX
Preliminary Squeezes (The Week Ahead)
$DJT, /BTC, /ZN
Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.143
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 16.079
QTiTTs signal is Upward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, XLP, XLV, XLU, XLI, XLY, XLB, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLP, XLI, XLV, XLK, XLB, XLU, 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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