WEEKEND UPDATE AUG 13 2023 DAILY BULLISH MARKET STRUCTURE BROKEN
Macro
2/10 YR CURVE - Inverted = -.73 (No change from -.73 last week)
HIGH YIELD SPREADS = 3.83 (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
Gold ( GLD ) - Investable(Pullback)
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Investable
US Real Estate ( IYR ) - Investable (Pullback)
European Equities ( VGK ) - Investable (Pullback)
India ( INDA ) - Investable (Pullback)
Broad Asia Equities ( VPL ) - Investable (Pullback)
China A-Shares ( ASHR ) - Not Investable
Emerging Markets ( EEM ) - Investable (Pullback)
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Not Investable
Silver ( SLV ) - Not Investable
Natural Gas Futures ( NG ) - Counter Trend Rally
Volatility Levels
S&P 500 - 14.84 - Investable(Pullback) Market (Down from 17.10)
Nasdaq100 - 20.45 - Investable(Pullback) Market (Down from 22.02)
Russell2000 - 19.75 - Investable Market(Down from 21.62)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 13.63 (Down from 16.09)
VIX Short Term - 14.67 (Down from 17.12)
VIX - 14.84 (Down from 17.10)
VIX Far Term - 15.15 (Down from 17.84)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
XOP
USO
TUR
XLE
XHB
BIZD
XPH
DBC
URA
DIA
XLI
IYT
UUP
QUAL
XLF
Strongest of our ETF Leveraged/Inverse Funds
GUSH
TTT
TMV
ERX
LABD
DUST
TYO
SDP
PILL
UDOW
GLL
ZSL
BOIL
FAS
UYG
Strongest of Individual Equities (Russell 3000)
USM
RETA
VRT
MOD
URGN
STRL
EXTR
PARR
RYTM
XPO
MPC
SAIA
ELF
SATS
CNX
SM
OVV
BKI
VECO
WMS
CORT
CRC
ABCB
WHD
OSK
CADE
TDW
PBF
BLDR
OC
QTRX
PSN
CHX
HAL
CAT
APA
SKT
CELH
NOV
ATSG
CEIX
URI
CHTR
RRC
GPN
BG
ESNT
RPM
NMIH
ETN
TXT
EQT
PSX
VST
SLB
FTV
MTSI
LLY
UCBI
PNR
AUB
BXP
J
TCBI
TREX
FNF
MAR
FRPT
CME
LDOS
HES
PH
TRGP
FLR
ADP
KRC
CMCSA
CDW
AFL
PDCO
BOOT
USB
APO
NCR
RDN
AKAM
OPCH
LBRDK
NVT
PRGO
HALO
CPRI
Z
WMB
RVMD
NWS
AMGN
DELL
MSCI
TT
AMZN
ALSN
GO
EMR
MET
ORI
ZG
HQY
SUM
IBKR
BR
CHH
CE
IR
EHC
PPC
FAF
NWSA
KKR
EXEL
NYT
SNDR
BRK/B
FLS
MSM
DVA
OLLI
ADM
LNG
DBX
PAYX
NATI
GE
CDAY
TPX
IDYA
L
UNM
MCK
VMC
CBOE
LYB
OXY
BF/B
CSCO
AIG
BWXT
CTSH
DE
COST
MLM
PG
WMT
KMX
JNJ
FLT
VRSK
SHOO
WELL
ZTS
BRO
AJG
ESS
HLT
HAS
MMC
WWE
BRBR
BRX
MOH
NTRA
YETI
2/10 YR CURVE - Inverted = -.73 (No change from -.73 last week)
HIGH YIELD SPREADS = 3.83 (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
Gold ( GLD ) - Investable(Pullback)
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Investable
US Real Estate ( IYR ) - Investable (Pullback)
European Equities ( VGK ) - Investable (Pullback)
India ( INDA ) - Investable (Pullback)
Broad Asia Equities ( VPL ) - Investable (Pullback)
China A-Shares ( ASHR ) - Not Investable
Emerging Markets ( EEM ) - Investable (Pullback)
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Not Investable
Silver ( SLV ) - Not Investable
Natural Gas Futures ( NG ) - Counter Trend Rally
Volatility Levels
S&P 500 - 14.84 - Investable(Pullback) Market (Down from 17.10)
Nasdaq100 - 20.45 - Investable(Pullback) Market (Down from 22.02)
Russell2000 - 19.75 - Investable Market(Down from 21.62)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 13.63 (Down from 16.09)
VIX Short Term - 14.67 (Down from 17.12)
VIX - 14.84 (Down from 17.10)
VIX Far Term - 15.15 (Down from 17.84)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
XOP
USO
TUR
XLE
XHB
BIZD
XPH
DBC
URA
DIA
XLI
IYT
UUP
QUAL
XLF
Strongest of our ETF Leveraged/Inverse Funds
GUSH
TTT
TMV
ERX
LABD
DUST
TYO
SDP
PILL
UDOW
GLL
ZSL
BOIL
FAS
UYG
Strongest of Individual Equities (Russell 3000)
USM
RETA
VRT
MOD
URGN
STRL
EXTR
PARR
RYTM
XPO
MPC
SAIA
ELF
SATS
CNX
SM
OVV
BKI
VECO
WMS
CORT
CRC
ABCB
WHD
OSK
CADE
TDW
PBF
BLDR
OC
QTRX
PSN
CHX
HAL
CAT
APA
SKT
CELH
NOV
ATSG
CEIX
URI
CHTR
RRC
GPN
BG
ESNT
RPM
NMIH
ETN
TXT
EQT
PSX
VST
SLB
FTV
MTSI
LLY
UCBI
PNR
AUB
BXP
J
TCBI
TREX
FNF
MAR
FRPT
CME
LDOS
HES
PH
TRGP
FLR
ADP
KRC
CMCSA
CDW
AFL
PDCO
BOOT
USB
APO
NCR
RDN
AKAM
OPCH
LBRDK
NVT
PRGO
HALO
CPRI
Z
WMB
RVMD
NWS
AMGN
DELL
MSCI
TT
AMZN
ALSN
GO
EMR
MET
ORI
ZG
HQY
SUM
IBKR
BR
CHH
CE
IR
EHC
PPC
FAF
NWSA
KKR
EXEL
NYT
SNDR
BRK/B
FLS
MSM
DVA
OLLI
ADM
LNG
DBX
PAYX
NATI
GE
CDAY
TPX
IDYA
L
UNM
MCK
VMC
CBOE
LYB
OXY
BF/B
CSCO
AIG
BWXT
CTSH
DE
COST
MLM
PG
WMT
KMX
JNJ
FLT
VRSK
SHOO
WELL
ZTS
BRO
AJG
ESS
HLT
HAS
MMC
WWE
BRBR
BRX
MOH
NTRA
YETI