Market Internals Market Sentiment – Bearish Put/Call ratio – 1.092 Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 16.94 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 XLK, XLY, XLC, XLU, XLP, XLV, 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, XLK, XLV, XLU, XLB, XLC, XLY and XLF.
Chart 4 -1 minute day chart with QTiTTs
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.
10 May 2023 – Debt ceiling weighs on market
Summary (The Week Ahead)
$DJT – DownTrend and Upward momentum.
/ES – UpTrend and Upward momentum.
/NQ – UpTrend and Upward momentum.
/RTY – DownTrend and Upward momentum.
/YM – NoTrend and Downward momentum.
/CL – DownTrend and Upward momentum.
/GC – UpTrend and Neutral momentum.
/ZB – Neutral and Downward momentum.
DBC – DownTrend and Upward momentum.
HYG – UpTrend and Downward momentum.
$DXY – DownTrend and Neutral momentum.
EUR/USD – UpTrend and Downward momentum.
USD/JPY – NoTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
$DXY, EUR/USD
Daily Squeezes (The Week Ahead)
/BTC, /ES, /GC, /NQ, /RTY, /SI, /YM, /ZB, /ZN, HYG, SPX, USD/JPY
Preliminary Squeezes (The Week Ahead)
$DJT, NDX
Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.092
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 16.94
QTiTTs signal is Upward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, XLC, XLU, XLP, XLV, 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, XLK, XLV, XLU, XLB, 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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