Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – DownTrend and Upward momentum. /ES – NoTrend and Upward momentum. /NQ – NoTrend and Upward momentum. /RTY – NoTrend and Upward momentum. /YM – NoTrend and Upward momentum.
/CL – DownTrend and Downward momentum. /GC – UpTrend and Neutral momentum. /ZB – NoTrend and Upward momentum. DBC – UpTrend and Downward momentum. HYG – UpTrend and Upward momentum.
$DXY – NoTrend and Neutral momentum. EUR/USD – NoTrend and Upward momentum. USD/JPY – UpTrend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead) –
Daily Squeezes (The Week Ahead) $DXY, /SI, EUR/USD
Preliminary Squeezes (The Week Ahead) /CL, /ZB, HYG, USD/JPY
Chart 2 – Market Internals
Market Internals Market Breadth – above threshold showing more gainers than losers. Volume Acc/Dis – below threshold showing distribution. Vix – 15.66 QTiTTs signal is Bearish.
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 XLU, XLC, XLK, XLF, SPX, XLP, XLY, XLE, XLI, XLB and XLV.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, XLE, SPX, XLY, XLF, XLU, XLI, XLB, XLP and XLV.
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.
2 November 2023 – The Bulls are back
Summary (The Week Ahead)
$DJT – DownTrend and Upward momentum.
/ES – NoTrend and Upward momentum.
/NQ – NoTrend and Upward momentum.
/RTY – NoTrend and Upward momentum.
/YM – NoTrend and Upward momentum.
/CL – DownTrend and Downward momentum.
/GC – UpTrend and Neutral momentum.
/ZB – NoTrend and Upward momentum.
DBC – UpTrend and Downward momentum.
HYG – UpTrend and Upward momentum.
$DXY – NoTrend and Neutral momentum.
EUR/USD – NoTrend and Upward momentum.
USD/JPY – UpTrend and Neutral momentum.
Daily Tight Squeezes (The Week Ahead)
–
Daily Squeezes (The Week Ahead)
$DXY, /SI, EUR/USD
Preliminary Squeezes (The Week Ahead)
/CL, /ZB, HYG, USD/JPY
Market Internals
Market Breadth – above threshold showing more gainers than losers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 15.66
QTiTTs signal is Bearish.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLC, XLK, XLF, SPX, XLP, XLY, XLE, XLI, XLB and XLV.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, XLE, SPX, XLY, XLF, XLU, XLI, XLB, XLP and XLV.
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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