WEEKEND UPDATE JUNE 4 2023 - SMALL CAPS JOIN THE PARTY

Macro

2/10 YR CURVE - Inverted = -.81 (More Negative from -.74 last week)
HIGH YIELD SPREADS = 4.65 (Up from 4.58 last week)
US ISM PMI - Contracting Faster = 46.90 down from 47.10%
US ISM SERVICES - Growing Faster = 51.90% up from 51.20%


S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Investable
Gold ( GLD ) - Investable(Pullback)
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Investable
US Real Estate ( IYR ) - Not Investable
European Equities ( VGK ) - Investable(Pullback)
India ( INDA ) - Investable
Broad Asia Equities ( VPL ) - Investable
China A-Shares ( ASHR ) - Not Investable
Emerging Markets ( EEM ) - Investable (Pullback)
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Counter Trend Rally
Soybean Futures (ZS) - Not Investable
Silver ( SLV ) - Investable(Pullback)
Natural Gas Futures ( NG ) - Not Investable

Volatility Levels

S&P 500 - 14.60 - Investable Market (Down from 17.95 last week)
Nasdaq100 - 19.29 - Investable Market (Down from 22.21 last week)
Russell2000 - 20.88 - Investable Market (Down from 23.51 last week)

S&P 500 Volatility Structure - Normal Contango Structure

VIX 9-Day - 12.74
VIX Short Term - 14.50
VIX - 14.60
VIX Long Term - 14.79

Now, here is the list of individual ETFs and individual names are showing strength.

Strongest of our ETF universe

SVIX
SMH
XLK
QQQ
IGV
IWF
NIB
ARKF
ARKG
XLY
QUAL
EWJ

Strongest of our ETF Leveraged/Inverse Funds

KOLD
TQQQ
SOXL
QLD
SDP
KORU
WANT
SPXL
SPUU
RXD
INDL

Strongest of our Individual Equities

MDB
NVDA
META
AMD
CFLT
MRVL
AVGO
HUBS
EXAS
BLDR
GOOGL
NOW
SNPS
MSFT
CPRT
NET
AMZN
NFLX
ADBE
LRCX
TTD
RCL
SHOP
PACB
AKAM
TTWO
ORCL
KLAC
FSLY
VRSK
PANW
WDAY
ACN
MU
AMAT
CRM
AAPL
VMC
CDNS
SPLK
ASML
UBER
CCL
MLM
SNOW
DVA
CEG
ANET
DRI
IT
FTNT
COF
PTC
FLT
NTAP
STZ
MCK
PWR
MCO
GRMN
IPG
ETN
KEYS
NWS
SPGI
ANSS
STE
CSCO
CTAS
MKC
MPWR
EFX
TER