WEEKEND UPDATE MAY 28 2023 TECH GOING CRAZY, US DEBT DEAL??

Macro

2/10 YR CURVE - Inverted = -.74 (More Negative from -.58 last week)
HIGH YIELD SPREADS = 4.58 (Down from 4.69 last week)
US ISM PMI - Contracting Slower = 47.10 up from 46.30%
US ISM SERVICES - Growing Faster = 51.90% up from 51.20%


S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Not 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 - 17.95 - Investable Market (Up from 17.03 last week)
Nasdaq100 - 22.21 - Investable Market (Up from 19.53 last week)
Russell2000 - 23.51 - Choppy Market (Up from 22.73 last week)

S&P 500 Volatility Structure - Normal Contango Structure

VIX 9-Day - 17.24
VIX Short Term - 17.88
VIX - 17.95
VIX Long Term - 18.09

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

Strongest of our ETF universe

SMH
XLK
QQQ
IGV
SVIX
IWF
NIB
UUP
ARKF
QUAL
XLY
EWY
INDA
SPY
EWN

Strongest of our ETF Leveraged/Inverse Funds

KOLD
SOXL
TQQQ
QLD
SDP
FAZ
DRV
SRS
ERY
KORU
RXD
SPXL
SMDD
SKF
WANT
DRIP
SPUU
INDL
TTT
TMV

Strongest of our Individual Equities

NVDA
META
AMD
MRVL
BLDR
AVGO
SHOP
GOOGL
HUBS
CPRT
LRCX
MSFT
LLY
CRM
NOW
VRSK
SNPS
TTWO
ISRG
MU
AMAT
KLAC
ORCL
RCL
UBER
GE
WDAY
AKAM
NFLX
TTD
ADBE
MLM
VMC
DVA
DRI
AAPL
CSIQ
FTNT
ACN
FLT
CDNS
TYL
MNST
MCK
FSLY
IT
VRSN
SPLK
PVH
TDG
PANW
CEG
GRMN
ANET
TXG
NWS
TAP
MELI
NTAP
PTC
IPG
AME
MPWR
ETN
EFX
KEYS
HPQ
PWR
RSG
CTAS
TER