Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – UpTrend and Upward momentum. Overbought /ES – UpTrend and Downward momentum. /NQ – UpTrend and Downward momentum. /RTY – UpTrend and Neutral momentum. /YM – UpTrend and Neutral momentum.
/CL – DownTrend and Neutral momentum. /GC – DownTrend and Downward momentum. /ZB – DownTrend and Neutral momentum. DBC – DownTrend and Downward momentum. HYG – UpTrend and Neutral momentum.
$DXY – UpTrend and Upward momentum. EUR/USD – DownTrend and Downward momentum. USD/JPY – UpTrend and Upward momentum. (Overbought)
Daily Tight Squeezes (The Week Ahead) /ZB
Daily Squeezes (The Week Ahead) /CL, /RTY, /ZN, HYG
Preliminary Squeezes (The Week Ahead) /GC, /YM
Chart 2 – Market Internals
Market Internals Market Breadth – above threshold showing more gainers than losers. Volume Acc/Dis – below threshold showing distribution. Vix – 13.43 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 XLB, XLI, XLY, XLC, XLF, XLK, XLV, XLE, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLC, XLK, XLY, XLB, XLP, XLV, XLF, XLE and XLU.
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.
29 June 2023 – No Trend in Gold and Oil
Summary (The Week Ahead)
$DJT – UpTrend and Upward momentum. Overbought
/ES – UpTrend and Downward momentum.
/NQ – UpTrend and Downward momentum.
/RTY – UpTrend and Neutral momentum.
/YM – UpTrend and Neutral momentum.
/CL – DownTrend and Neutral momentum.
/GC – DownTrend and Downward momentum.
/ZB – DownTrend and Neutral momentum.
DBC – DownTrend and Downward momentum.
HYG – UpTrend and Neutral momentum.
$DXY – UpTrend and Upward momentum.
EUR/USD – DownTrend and Downward momentum.
USD/JPY – UpTrend and Upward momentum. (Overbought)
Daily Tight Squeezes (The Week Ahead)
/ZB
Daily Squeezes (The Week Ahead)
/CL, /RTY, /ZN, HYG
Preliminary Squeezes (The Week Ahead)
/GC, /YM
Market Internals
Market Breadth – above threshold showing more gainers than losers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 13.43
QTiTTs signal is Upward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLI, XLY, XLC, XLF, XLK, XLV, XLE, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLC, XLK, XLY, XLB, XLP, XLV, XLF, XLE and XLU.
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.
Share this:
Related