18 January 2024 – Market breadth continues to deteriorate
Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index
Summary (The Week Ahead) $DJT – UpTrend and Downward momentum. /ES – UpTrend and Downward momentum. /NQ – UpTrend and Neutral momentum. /RTY – NoTrend and Downward momentum. /YM – UpTrend and Downward momentum.
/CL – NoTrend and Upward momentum. /GC – NoTrend and Downward momentum. /ZB – NoTrend and Downward momentum. DBC – DownTrend and Upward momentum. HYG – UpTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead) /CL Daily Squeezes (The Week Ahead) /ES, /YM, DBC, SPX Preliminary Squeezes (The Week Ahead) /GC, /NQ, /ZN, HYG
Chart 2 – Market Internals
Market Internals Market Breadth – Below threshold showing more losers than gainers. Volume Acc/Dis – Below threshold showing distribution. Vix – 14.13 QTiTTs signal is Bullish.
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 XLK, XLC, SPX, XLF, XLV, XLP, XLI, XLY, XLB, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLC, SPX, XLF, XLI, XLV, XLY, XLB, XLP, XLE and XLU.
Chart 4 -1 minute day chart with QTiTTs
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.
18 January 2024 – Market breadth continues to deteriorate
Summary (The Week Ahead)
$DJT – UpTrend and Downward momentum.
/ES – UpTrend and Downward momentum.
/NQ – UpTrend and Neutral momentum.
/RTY – NoTrend and Downward momentum.
/YM – UpTrend and Downward momentum.
/CL – NoTrend and Upward momentum.
/GC – NoTrend and Downward momentum.
/ZB – NoTrend and Downward momentum.
DBC – DownTrend and Upward momentum.
HYG – UpTrend and Downward momentum.
Daily Tight Squeezes (The Week Ahead)
/CL
Daily Squeezes (The Week Ahead)
/ES, /YM, DBC, SPX
Preliminary Squeezes (The Week Ahead)
/GC, /NQ, /ZN, HYG
Market Internals
Market Breadth – Below threshold showing more losers than gainers.
Volume Acc/Dis – Below threshold showing distribution.
Vix – 14.13
QTiTTs signal is Bullish.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLC, SPX, XLF, XLV, XLP, XLI, XLY, XLB, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLC, SPX, XLF, XLI, XLV, XLY, XLB, XLP, XLE and XLU.
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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