Market Internals (Daily Chart) Market Sentiment – Bearish. Put/Call ratio – 1.20 Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – above the threshold line showing accumulation . Vix – 16.81
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, XLC, XLY, XLP, XLV, XLI, XLU, XLB, XLF and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLI, XLE, XLP, XLV, XLC, XLB, XLU, 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
19 May 2023 – Weekly Review – Turn Upward?
Summary (3-Day Chart)
$DJT – DownTrend with Neutral momentum.
/ES – UpTrend with Upward momentum.
/NQ – UpTrend with Upward momentum.
/RTY – DownTrend with Upward momentum.
/YM – NoTrend with Downward momentum.
/CL – DownTrend with Downward momentum.
/GC – UpTrend with Downward momentum.
/ZB – DownTrend with Downward momentum.
DBC – DownTrend with Downward momentum.
HYG – DownTrend with Downward momentum.
$DXY – NoTrend and Upward momentum.
EUR/USD – NoTrend and Downwward momentum.
USD/JPY – UpTrend and Upward momentum.
Summary (Daily Chart)
$DJT – DownTrend with Upward momentum.
/ES – UpTrend with Upward momentum.
/NQ – UpTrend with Upward momentum.
/RTY – NoTrend with Upward momentum.
/YM – NoTrend with Neutral momentum.
/CL – DownTrend with Upward momentum.
/GC – DownTrend with Downward momentum.
/ZB – DownTrend with Downward momentum.
DBC – DownTrend with Downward momentum.
HYG – DownTrend with Downward momentum.
$DXY – UpTrend with Upward momentum.
EUR/USD – DownTrend with Downward momentum.
USD/JPY – UpTrend with Upward momentum.
Tight Squeezes
–
Squeezes (Daily)
$DJT, /ES, /RTY, /YM, SPX
Preliminary Squeezes (Daily)
/BTC, /CL, /GC, /ZB, /ZN, HYG
Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.20
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – above the threshold line showing accumulation .
Vix – 16.81
Relative Strength – Sectors
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLC, XLY, XLP, XLV, XLI, XLU, XLB, XLF and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLK, XLI, XLE, XLP, XLV, XLC, XLB, XLU, 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
Share this:
Related