Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – NoTrend and Downward momentum. /ES – NoTrend and Downward momentum. /NQ – NoTrend and Downward momentum. /RTY – NoTrend and Downward momentum. /YM – UpTrend and Downward momentum.
/CL – UpTrend and Upward momentum. Overbought. /GC – DownTrend and Downward momentum. /ZB – DownTrend and Neutral momentum. DBC – UpTrend and Downward momentum. HYG – UpTrend and Neutral momentum.
$DXY – UpTrend and Upward momentum. EUR/USD – NoTrend and Downward momentum. USD/JPY – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead) /BTC
Daily Squeezes (The Week Ahead) /GC, /RTY
Preliminary Squeezes (The Week Ahead) /ES, /NQ, /YM, HYG, NDX
Chart 2 – Market Internals
Market Internals Market Breadth – below threshold showing more losers than gainers. Volume Acc/Dis – below threshold showing distribution. Vix – 15.96 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 XLE, XLI, XLV, XLF, XLC, XLY, XLB, XLP, XLK and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLC, XLY, XLB, XLK, XLE, XLP, XLF, XLV 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.
9 August 2023 – Pullback continues
Summary (The Week Ahead)
$DJT – NoTrend and Downward momentum.
/ES – NoTrend and Downward momentum.
/NQ – NoTrend and Downward momentum.
/RTY – NoTrend and Downward momentum.
/YM – UpTrend and Downward momentum.
/CL – UpTrend and Upward momentum. Overbought.
/GC – DownTrend and Downward momentum.
/ZB – DownTrend and Neutral momentum.
DBC – UpTrend and Downward momentum.
HYG – UpTrend and Neutral momentum.
$DXY – UpTrend and Upward momentum.
EUR/USD – NoTrend and Downward momentum.
USD/JPY – UpTrend and Upward momentum.
Daily Tight Squeezes (The Week Ahead)
/BTC
Daily Squeezes (The Week Ahead)
/GC, /RTY
Preliminary Squeezes (The Week Ahead)
/ES, /NQ, /YM, HYG, NDX
Market Internals
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 15.96
QTiTTs signal is Upward.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLV, XLF, XLC, XLY, XLB, XLP, XLK and XLU.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLC, XLY, XLB, XLK, XLE, XLP, XLF, XLV 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.
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