WEEKEND UPDATE APR 22 2023 THIS CONSOLIDATION WILL BREAK SOON
Macro
2/10 YR CURVE - Inverted = -.60 (Down from -.56 last week)
HIGH YIELD SPREADS = 4.54 (Up from 4.49 last week)
US ISM PMI - Contracting Faster = 46.30%
US ISM SERVICES - Growing Slower = 51.20%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Investable
US 30yr Treasury Bonds ( TLT ) - Counter Trend Rally
US Dollar ( UUP ) - Not Investable
US Real Estate ( IYR ) - Counter Trend Rally
European Equities ( VGK ) - Investable
India ( INDA ) - Counter Trend Rally
Broad Asia Equities ( VPL ) - Investable
China A-Shares ( ASHR ) - Investable (Pullback)
Emerging Markets ( EEM ) - Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Investable
Soybean Futures (ZS) - Investable
Silver ( SLV ) - Investable
Natural Gas Futures ( NG ) - Not Investable
Volatility Levels
S&P 500 - 16.77 - Investable Market
Nasdaq100 - 21.29 - Choppy Market
Russell2000 - 22.75 - Choppy Market
S&P 500 Volatility Structure - normal Contango Structure
VIX 9-Day - 14.88
VIX Short Term - 16.58
VIX - 16.77
VIX Long Term - 17.09
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
CANE
SVIX
NIB
EWL
EWQ
SLV
PPLT
GDX
EWI
EWP
VGK
EWG
EWU
DBA
XLP
IGV
EWK
EWD
XHB
XLV
SPY
PINK
EWO
DIA
SPLV
DEF
XLU
IBB
MTUM
IWD
Strongest of our ETF Leveraged/Inverse Funds
NAIL
EURL
TQQQ
JUNG
SPXL
DFEN
UDOW
CURE
UGL
UTSL
KORU
DUSL
WANT
Strongest of our Individual Equities
SWAV
FSLY
META
WST
ALGN
BLDR
PHM
GE
LULU
ISRG
TMDX
CPRT
FTNT
SYK
NVR
LW
TXG
FDX
TAP
HUBS
MCD
SHOP
LVS
LLY
WYNN
HSY
ASO
CRM
ORLY
COO
ZBH
CMG
LEN
XRAY
MSI
DHI
TYL
BSX
KMB
ATVI
GIS
MELI
HCA
ORCL
YUM
CBOE
ROL
AJG
OLLI
INMD
PG
EA
LIN
CHD
KO
SO
PVH
TDG
AON
MRK
TSCO
MMC
VRTX
PPG
EXI
ZTS
BRK.B
HOLX
CLX
UHS
BDX
MGM
OMC
DXCM
TTWO
MDLX
RSG
WMT
SBUX
PEG
CAH
VRSN
WM
PKG
V
WRSK
PWR
BIIB
RTX
ABC
NOW
ABBV
HWM
ULTA
UPS
GILD
MTD
ZEL
AEE
ODFL
FAST
MA
INTU
RE
ICE
ED
CNP
SNA
EXPD
JPM
PNW
ABT
REGN
RRR
HLT
LOW
HSIC
BRO
XOM
WEC
EXC
ECL
MAR
NI
CME
EL
CTAS
EVRG
LNT
CL
PPL
AWK
CSX
RMD
SRE
IRM
HES
DGX
DLTR
JNJ
AEP
OKE
NEE
C
STZ
EQIX
ATO
MLM
DFS
WTW
ETR
2/10 YR CURVE - Inverted = -.60 (Down from -.56 last week)
HIGH YIELD SPREADS = 4.54 (Up from 4.49 last week)
US ISM PMI - Contracting Faster = 46.30%
US ISM SERVICES - Growing Slower = 51.20%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Investable
US 30yr Treasury Bonds ( TLT ) - Counter Trend Rally
US Dollar ( UUP ) - Not Investable
US Real Estate ( IYR ) - Counter Trend Rally
European Equities ( VGK ) - Investable
India ( INDA ) - Counter Trend Rally
Broad Asia Equities ( VPL ) - Investable
China A-Shares ( ASHR ) - Investable (Pullback)
Emerging Markets ( EEM ) - Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Investable
Soybean Futures (ZS) - Investable
Silver ( SLV ) - Investable
Natural Gas Futures ( NG ) - Not Investable
Volatility Levels
S&P 500 - 16.77 - Investable Market
Nasdaq100 - 21.29 - Choppy Market
Russell2000 - 22.75 - Choppy Market
S&P 500 Volatility Structure - normal Contango Structure
VIX 9-Day - 14.88
VIX Short Term - 16.58
VIX - 16.77
VIX Long Term - 17.09
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
CANE
SVIX
NIB
EWL
EWQ
SLV
PPLT
GDX
EWI
EWP
VGK
EWG
EWU
DBA
XLP
IGV
EWK
EWD
XHB
XLV
SPY
PINK
EWO
DIA
SPLV
DEF
XLU
IBB
MTUM
IWD
Strongest of our ETF Leveraged/Inverse Funds
NAIL
EURL
TQQQ
JUNG
SPXL
DFEN
UDOW
CURE
UGL
UTSL
KORU
DUSL
WANT
Strongest of our Individual Equities
SWAV
FSLY
META
WST
ALGN
BLDR
PHM
GE
LULU
ISRG
TMDX
CPRT
FTNT
SYK
NVR
LW
TXG
FDX
TAP
HUBS
MCD
SHOP
LVS
LLY
WYNN
HSY
ASO
CRM
ORLY
COO
ZBH
CMG
LEN
XRAY
MSI
DHI
TYL
BSX
KMB
ATVI
GIS
MELI
HCA
ORCL
YUM
CBOE
ROL
AJG
OLLI
INMD
PG
EA
LIN
CHD
KO
SO
PVH
TDG
AON
MRK
TSCO
MMC
VRTX
PPG
EXI
ZTS
BRK.B
HOLX
CLX
UHS
BDX
MGM
OMC
DXCM
TTWO
MDLX
RSG
WMT
SBUX
PEG
CAH
VRSN
WM
PKG
V
WRSK
PWR
BIIB
RTX
ABC
NOW
ABBV
HWM
ULTA
UPS
GILD
MTD
ZEL
AEE
ODFL
FAST
MA
INTU
RE
ICE
ED
CNP
SNA
EXPD
JPM
PNW
ABT
REGN
RRR
HLT
LOW
HSIC
BRO
XOM
WEC
EXC
ECL
MAR
NI
CME
EL
CTAS
EVRG
LNT
CL
PPL
AWK
CSX
RMD
SRE
IRM
HES
DGX
DLTR
JNJ
AEP
OKE
NEE
C
STZ
EQIX
ATO
MLM
DFS
WTW
ETR