Market Internals (Daily Chart) Market Sentiment – Bearish. Put/Call ratio – 1.167 Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – below the threshold line showing distribution. Vix – 17.19
Relative Strength – Sectors
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 XLK, XLP, XLU, XLV, XLC, XLY, XLB, XLI, XLE and XLF.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLP, XLI, XLE, XLV, XLK, XLB, 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
5 May 2023 – Rally at end of week
Summary (3-Day Chart)
$DJT – UpTrend with Neutral momentum.
/ES – UpTrend with Neutral momentum.
/NQ – UpTrend with Upward momentum.
/RTY – DownTrend with Downward momentum.
/YM – UpTrend with Neutral momentum.
/CL – DownTrend with Downward momentum.
/GC – UpTrend with Neutral momentum.
/ZB – UpTrend with Neutral momentum.
DBC – DownTrend with Downward momentum.
HYG – UpTrend with Neutral momentum.
$DXY – DownTrend and Neutral momentum.
EUR/USD – UpTrend and Neutral momentum.
USD/JPY – NoTrend and Upward momentum.
Summary (Daily Chart)
$DJT – NoTrend with Upward momentum.
/ES – UpTrend with Downward momentum.
/NQ – UpTrend with Neutral momentum.
/RTY – DownTrend with Neutral momentum.
/YM – UpTrend with Downward momentum.
/CL – DownTrend with Neutral momentum.
/GC – UpTrend with Upward momentum.
/ZB – NoTrend with Neutral momentum.
DBC – DownTrend with Downward momentum.
HYG – UpTrend with Downward momentum.
$DXY – DownTrend with Downward momentum.
EUR/USD – UpTrend with Downward momentum.
USD/JPY – UpTrend with Downward momentum.
Tight Squeezes
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Squeezes (Daily)
$DXY, /BTC, /ES, /GC, /NQ, /SI, /YM, /ZB, /ZN, EUR/USD, HYG, NDX, SPX, USD/JPY
Preliminary Squeezes (Daily)
$DJT, /RTY
Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.167
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – below the threshold line showing distribution.
Vix – 17.19
Relative Strength – Sectors
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLP, XLU, XLV, XLC, XLY, XLB, XLI, XLE and XLF.
On a 12-monthly period, 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 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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