WEEKEND UPDATE AUG 20 2023 - ITS NOW OR NEVER FOR THE BEARS
Macro
2/10 YR CURVE - Inverted = -.66 (Up from -.73 last week)
HIGH YIELD SPREADS = 3.95 (Down from 3.98 last week)
US ISM PMI - Contracting Slower = 46.40 up from 46.00%
US ISM SERVICES - Growing Slower = 52.70% down from 53.90%
S&P 500 ( SPY ) - Investable (Pullback)
Nasdaq100 ( QQQ ) - Investable (Pullback)
Russell2000 ( IWM ) - Investable (Pullback)
Gold ( GLD ) - Not Investable
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 (Pullback)
Broad Asia Equities ( VPL ) - Not Investable
China A-Shares ( ASHR ) - Not Investable
Emerging Markets ( EEM ) - Not Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Not Investable
Silver ( SLV ) - Not Investable
Natural Gas Futures ( NG ) - Not Investable
Volatility Levels
S&P 500 - 17.30 - Investable(Pullback) Market (Up from 17.10)
Nasdaq100 - 22.01 - Investable(Pullback) Market (Down from 22.02)
Russell2000 - 21.79 - Investable Market(Up from 21.62)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 16.54 (Up from 13.63)
VIX Short Term - 17.00 (Up from 14.67)
VIX - 17.30 (Up from 14.84)
VIX Far Term - 17.80 (Up from 15.15)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
XOP
TUR
XLE
USO
UUP
XPH
URA
Strongest of our ETF Leveraged/Inverse Funds
GUSH
TTT
TMV
DUST
LABD
ERX
SDP
GLL
TYO
DRV
ZSL
EDZ
SRS
YANG
EEV
PILL
EUM
EWV
Strongest of our US Equities (Russell 3000)
USM
RETA
VRT
ANF
PARR
RYTM
CNX
CEIX
SM
CELH
LLY
XPO
CORT
BKI
MPC
CRC
OVV
APA
PSN
HRB
CPRI
AMGN
VST
WHD
IDYA
FRPT
NOV
CHTR
INSW
BR
J
AKAM
X
MUR
HAL
VECO
KTB
GPN
TRGP
BG
OPCH
PSX
PBF
NCR
TW
PDCO
CHX
CAT
SLB
HES
FNF
CMCSA
ETN
ANET
ATSG
EQT
ADP
CBOE
CME
PRGO
ARNC
IBKR
MAR
MTSI
HALO
EMR
CDW
WMB
NWS
LDOS
NYT
NMIH
EXEL
DELL
CHH
NWSA
RRC
LBRDK
OLLI
PWR
RVMD
FLR
FLT
AFL
WWE
BRBR
GO
EHC
DKS
LNG
PPC
CSCO
TJX
YETI
NATI
IR
JNJ
ROST
NTNX
OXY
BRK/B
BRO
MCK
VRSK
CTSH
CCOI
SPB
AJG
SHOO
NTRA
XOM
2/10 YR CURVE - Inverted = -.66 (Up from -.73 last week)
HIGH YIELD SPREADS = 3.95 (Down from 3.98 last week)
US ISM PMI - Contracting Slower = 46.40 up from 46.00%
US ISM SERVICES - Growing Slower = 52.70% down from 53.90%
S&P 500 ( SPY ) - Investable (Pullback)
Nasdaq100 ( QQQ ) - Investable (Pullback)
Russell2000 ( IWM ) - Investable (Pullback)
Gold ( GLD ) - Not Investable
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 (Pullback)
Broad Asia Equities ( VPL ) - Not Investable
China A-Shares ( ASHR ) - Not Investable
Emerging Markets ( EEM ) - Not Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Not Investable
Silver ( SLV ) - Not Investable
Natural Gas Futures ( NG ) - Not Investable
Volatility Levels
S&P 500 - 17.30 - Investable(Pullback) Market (Up from 17.10)
Nasdaq100 - 22.01 - Investable(Pullback) Market (Down from 22.02)
Russell2000 - 21.79 - Investable Market(Up from 21.62)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 16.54 (Up from 13.63)
VIX Short Term - 17.00 (Up from 14.67)
VIX - 17.30 (Up from 14.84)
VIX Far Term - 17.80 (Up from 15.15)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
XOP
TUR
XLE
USO
UUP
XPH
URA
Strongest of our ETF Leveraged/Inverse Funds
GUSH
TTT
TMV
DUST
LABD
ERX
SDP
GLL
TYO
DRV
ZSL
EDZ
SRS
YANG
EEV
PILL
EUM
EWV
Strongest of our US Equities (Russell 3000)
USM
RETA
VRT
ANF
PARR
RYTM
CNX
CEIX
SM
CELH
LLY
XPO
CORT
BKI
MPC
CRC
OVV
APA
PSN
HRB
CPRI
AMGN
VST
WHD
IDYA
FRPT
NOV
CHTR
INSW
BR
J
AKAM
X
MUR
HAL
VECO
KTB
GPN
TRGP
BG
OPCH
PSX
PBF
NCR
TW
PDCO
CHX
CAT
SLB
HES
FNF
CMCSA
ETN
ANET
ATSG
EQT
ADP
CBOE
CME
PRGO
ARNC
IBKR
MAR
MTSI
HALO
EMR
CDW
WMB
NWS
LDOS
NYT
NMIH
EXEL
DELL
CHH
NWSA
RRC
LBRDK
OLLI
PWR
RVMD
FLR
FLT
AFL
WWE
BRBR
GO
EHC
DKS
LNG
PPC
CSCO
TJX
YETI
NATI
IR
JNJ
ROST
NTNX
OXY
BRK/B
BRO
MCK
VRSK
CTSH
CCOI
SPB
AJG
SHOO
NTRA
XOM