17 November 2023 – Weekly Review – Bulls take control
Chart 1: Weekly chart of the S&P 500 sectors
Summary (3-Day Chart) $DJT – DownTrend with Neutral momentum. /ES – UpTrend with Upward momentum. /NQ – UpTrend with Upward momentum. /RTY – DownTrend with Neutral momentum. /YM – UpTrend with Upward momentum.
/CL – DownTrend with Downward momentum. /GC – DownTrend with Neutral momentum. /ZB – DownTrend with Upward momentum. DBC – NoTrend with Downward momentum. HYG – NoTrend with Upward momentum.
Summary (Daily Chart) $DJT – UpTrend with Upward momentum. /ES – UpTrend with Upward momentum. /NQ – UpTrend with Upward momentum. /RTY – UpTrend with Upward momentum. /YM – UpTrend with Upward momentum.
/CL – DownTrend with Neutral momentum. /GC – UpTrend with Upward momentum. /ZB – UpTrend with Upward momentum. DBC – DownTrend with Downward momentum. HYG – UpTrend with Upward momentum.
$DXY – DownTrend with Downward momentum. EUR/USD – UpTrend with Upward momentum. USD/JPY – NoTrend with Neutral momentum.
Tight Squeezes –
Squeezes (Daily) /GC
Preliminary Squeezes (Daily) –
Market Internals
Market Internals (Daily Chart) Market Breadth – above the threshold line showing more gainers than losers. Volume Acc/Dis – above the threshold line showing accumulation. Vix – 13.8
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 XLC, XLF, XLK, SPX, XLI, XLY, XLU, XLB, XLP, XLV and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, SPX, XLY, XLF, XLI, XLB, XLE, XLU, XLP and XLV.
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.
17 November 2023 – Weekly Review – Bulls take control
Summary (3-Day Chart)
$DJT – DownTrend with Neutral momentum.
/ES – UpTrend with Upward momentum.
/NQ – UpTrend with Upward momentum.
/RTY – DownTrend with Neutral momentum.
/YM – UpTrend with Upward momentum.
/CL – DownTrend with Downward momentum.
/GC – DownTrend with Neutral momentum.
/ZB – DownTrend with Upward momentum.
DBC – NoTrend with Downward momentum.
HYG – NoTrend with Upward momentum.
Summary (Daily Chart)
$DJT – UpTrend with Upward momentum.
/ES – UpTrend with Upward momentum.
/NQ – UpTrend with Upward momentum.
/RTY – UpTrend with Upward momentum.
/YM – UpTrend with Upward momentum.
/CL – DownTrend with Neutral momentum.
/GC – UpTrend with Upward momentum.
/ZB – UpTrend with Upward momentum.
DBC – DownTrend with Downward momentum.
HYG – UpTrend with Upward momentum.
$DXY – DownTrend with Downward momentum.
EUR/USD – UpTrend with Upward momentum.
USD/JPY – NoTrend with Neutral momentum.
Tight Squeezes
–
Squeezes (Daily)
/GC
Preliminary Squeezes (Daily)
–
Market Internals (Daily Chart)
Market Breadth – above the threshold line showing more gainers than losers.
Volume Acc/Dis – above the threshold line showing accumulation.
Vix – 13.8
Relative Strength – Sectors
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLC, XLF, XLK, SPX, XLI, XLY, XLU, XLB, XLP, XLV and XLE.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLC, XLK, SPX, XLY, XLF, XLI, XLB, XLE, XLU, XLP and XLV.
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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