Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and Neutral momentum. /ES – UpTrend and Upward momentum. /NQ – UpTrend and Upward momentum. /RTY – NoTrend and Downward momentum. /YM – DownTrend and Neutral momentum.
/CL – DownTrend and Downward momentum. /GC – NoTrend and Upward momentum. /ZB – NoTrend and Upward momentum. DBC – DownTrend and Downward momentum. HYG – DownTrend and Upward momentum.
$DXY – UpTrend and Neutral momentum. EUR/USD – DownTrend and Neutral momentum. USD/JPY – UpTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead) $DJT, /RTY
Daily Squeezes (The Week Ahead) /BTC, /CL, /ES, /YM
Preliminary Squeezes (The Week Ahead) DBC, HYG, SPX
Chart 2 – Market Internals
Market Internals Market Sentiment – Bullish Put/Call ratio – 1.345 Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 15.65 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, XLY, XLK, XLF, XLI, XLV, XLB, XLP, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLI, XLE, XLC, XLP, XLV, XLB, XLY, XLU 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.
1 June 2023 – Debt ceiling passed
Summary (The Week Ahead)
$DJT – DownTrend and Neutral momentum.
/ES – UpTrend and Upward momentum.
/NQ – UpTrend and Upward momentum.
/RTY – NoTrend and Downward momentum.
/YM – DownTrend and Neutral momentum.
/CL – DownTrend and Downward momentum.
/GC – NoTrend and Upward momentum.
/ZB – NoTrend and Upward momentum.
DBC – DownTrend and Downward momentum.
HYG – DownTrend and Upward momentum.
$DXY – UpTrend and Neutral momentum.
EUR/USD – DownTrend and Neutral momentum.
USD/JPY – UpTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
$DJT, /RTY
Daily Squeezes (The Week Ahead)
/BTC, /CL, /ES, /YM
Preliminary Squeezes (The Week Ahead)
DBC, HYG, SPX
Market Internals
Market Sentiment – Bullish
Put/Call ratio – 1.345
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 15.65
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, XLY, XLK, XLF, XLI, XLV, XLB, XLP, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLI, XLE, XLC, XLP, XLV, XLB, XLY, XLU 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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