15 September 2023 – Weekly Review – A pullback to end the week
Chart 1: Weekly chart of the S&P 500 sectors
Summary (3-Day Chart) $DJT – NoTrend with Downward momentum. /ES – UpTrend with Downward momentum. /NQ – UpTrend with Neutral momentum. /RTY – NoTrend with Downward momentum. /YM – UpTrend with Downward momentum.
/CL – UpTrend with Upward momentum. /GC – DownTrend with Downward momentum. /ZB – DownTrend with Downward momentum. DBC – UpTrend with Upward momentum. HYG – NoTrend with Neutral momentum.
Summary (Daily Chart) $DJT – DownTrend with Neutral momentum. /ES – DownTrend with Upward momentum. /NQ – DownTrend with Upward momentum. /RTY – DownTrend with Downward momentum. /YM – UpTrend with Upward momentum.
/CL – UpTrend with Upward momentum. /GC – NoTrend with Downward momentum. /ZB – DownTrend with Neutral momentum. DBC – UpTrend with Upward momentum. HYG – DownTrend with Neutral momentum.
$DXY – UpTrend with Upward momentum. EUR/USD – DownTrend with Downward momentum. USD/JPY – UpTrend with Upward momentum.
Tight Squeezes –
Squeezes (Daily) /BTC, /RTY, /YM, /ZB, USD/JPY
Preliminary Squeezes (Daily) /GC, /ZN
Market Internals
Market Internals (Daily Chart) Market Breadth – below threshold line showing more losers than gainers. Volume Acc/Dis – below the threshold line showing distribution. Vix – 13.79 A strange market where the VIX is low and there is no fear in the market and yet the market internals continue to signal weakness.
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 XLE, XLF, XLC, XLY, XLU, SPX, XLV, XLB, XLK, XLP and XLI.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLC, XLY, XLE, SPX, XLK, XLI, XLB, XLF, XLV, XLP and XLU.
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
15 September 2023 – Weekly Review – A pullback to end the week
Summary (3-Day Chart)
$DJT – NoTrend with Downward momentum.
/ES – UpTrend with Downward momentum.
/NQ – UpTrend with Neutral momentum.
/RTY – NoTrend with Downward momentum.
/YM – UpTrend with Downward momentum.
/CL – UpTrend with Upward momentum.
/GC – DownTrend with Downward momentum.
/ZB – DownTrend with Downward momentum.
DBC – UpTrend with Upward momentum.
HYG – NoTrend with Neutral momentum.
Summary (Daily Chart)
$DJT – DownTrend with Neutral momentum.
/ES – DownTrend with Upward momentum.
/NQ – DownTrend with Upward momentum.
/RTY – DownTrend with Downward momentum.
/YM – UpTrend with Upward momentum.
/CL – UpTrend with Upward momentum.
/GC – NoTrend with Downward momentum.
/ZB – DownTrend with Neutral momentum.
DBC – UpTrend with Upward momentum.
HYG – DownTrend with Neutral momentum.
$DXY – UpTrend with Upward momentum.
EUR/USD – DownTrend with Downward momentum.
USD/JPY – UpTrend with Upward momentum.
Tight Squeezes
–
Squeezes (Daily)
/BTC, /RTY, /YM, /ZB, USD/JPY
Preliminary Squeezes (Daily)
/GC, /ZN
Market Internals (Daily Chart)
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – below the threshold line showing distribution.
Vix – 13.79
A strange market where the VIX is low and there is no fear in the market and yet the market internals continue to signal weakness.
Relative Strength – Sectors
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLC, XLY, XLU, SPX, XLV, XLB, XLK, XLP and XLI.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLC, XLY, XLE, SPX, XLK, XLI, XLB, XLF, XLV, XLP and XLU.
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
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