Preliminary Squeezes (The Week Ahead) $DJT, /RTY, USD/JPY
Chart 2 – Market Internals
Market Internals Market Sentiment – Extremely Bearish Put/Call ratio – 0.973 Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 18.34 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 XLP, XLC, XLV, XLK, XLU, XLY, XLI, XLB, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLI, XLE, XLV, XLK, XLB, XLU, XLC, XLY and XLF.
Chart 4 -1 minute day chart with QTiTTs
In chart 4 above shows the 1 minute chart of the /RTY.
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3 May 2023 – The bears are prowling
Summary (The Week Ahead)
$DJT – DownTrend and Neutral momentum.
/ES – NoTrend and Downward momentum.
/NQ – NoTrend and Neutral momentum.
/RTY – DownTrend and Downward momentum.
/YM – NoTrend and Downward momentum.
/CL – DownTrend and Downward momentum.
/GC – UpTrend and Upward momentum.
/ZB – UpTrend and Upward momentum.
DBC – DownTrend and Downward momentum.
HYG – NoTrend and Downward momentum.
$DXY – DownTrend and Upward momentum.
EUR/USD – UpTrend and Downward momentum.
USD/JPY – UpTrend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead)
/SI
Daily Squeezes (The Week Ahead)
$DXY, /BTC, /ES, /GC, /NQ, /YM, /ZB, /ZN, EUR/USD, HYG, NDX, SPX
Preliminary Squeezes (The Week Ahead)
$DJT, /RTY, USD/JPY
Market Internals
Market Sentiment – Extremely Bearish
Put/Call ratio – 0.973
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 18.34
QTiTTs signal is Upward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLC, XLV, XLK, XLU, XLY, XLI, XLB, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLI, XLE, XLV, XLK, XLB, XLU, XLC, XLY and XLF.
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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