WEEKEND UPDATE SEP 10 2023 - BULLS HANGING ON BY A THREAD
Macro
2/10 YR CURVE - Inverted = -.72 (Down from -.69 last week)
HIGH YIELD SPREADS = 3.90 (Up from 3.85 last week)
US ISM PMI - Contracting Slower = 47.60% up from 46.40%
US ISM SERVICES - Growing Faster = 54.50% up from 52.70%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Investable (Pullback)
Gold ( GLD ) - Investable
US 30yr Treasury Bonds ( TLT ) - Counter Trend Rally
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 ) - Not Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Counter Trend Rally
Silver ( SLV ) - Not Investable
Natural Gas Futures ( NG ) - Not Investable
Volatility Levels
S&P 500 - 13.84 - Investable Market (Up from 13.04)
Nasdaq100 - 19.15 - Investable Market (Up from 18.41)
Russell2000 - 18.63 - Investable (Pullback) Market (Up from 16.94)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 12.38 (Up from 10.45)
VIX Short Term - 13.73 (Up from 12.97)
VIX - 13.84 - (Up from 13.09)
VIX Far Term - 14.06 (Up from 13.33)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
SVIX
EHTE
TUR
USO
XOP
URA
CANE
PFIX
IGV
XLE
DBC
UUP
SOYB
QQQ
IWF
XLK
INDA
QUAL
DBA
BKLN
MTUM
SMH
Strongest of our ETF Leveraged/Inverse Funds
GUSH
ERX
TQQQ
TTT
TMV
LABD
QLD
SDP
INDL
TYO
DUST
Strongest of our US Equities (Russell 3000)
RETA
CELH
ESTE
NXGN
DELL
VNO
CEIX
LLY
CPRI
CORT
SPLK
SLG
VST
INTU
PARR
TDW
ETN
MPC
OII
NTNX
INSM
CRC
NEWR
CHX
BR
GWRE
WDAY
CDW
VMW
TNET
MUR
GSHD
BKR
VEEV
APO
PBF
PSX
ORCL
FNF
INTC
CARR
NVT
ARCT
YELP
COP
HAL
EMR
TEAM
KRC
SLB
IBM
DK
ATVI
VRSK
NOW
LPG
PSTG
MA
HES
JEF
ARES
VLO
IMVT
LRN
CBOE
ZS
BXMT
BRC
CRWD
TTD
NRG
IBKR
GIII
NFLX
LPLA
FLS
HUBB
LULU
MIRM
NTAP
XOM
CRM
WMT
WRK
CDAY
OXY
IT
STWD
OHI
2/10 YR CURVE - Inverted = -.72 (Down from -.69 last week)
HIGH YIELD SPREADS = 3.90 (Up from 3.85 last week)
US ISM PMI - Contracting Slower = 47.60% up from 46.40%
US ISM SERVICES - Growing Faster = 54.50% up from 52.70%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Investable (Pullback)
Gold ( GLD ) - Investable
US 30yr Treasury Bonds ( TLT ) - Counter Trend Rally
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 ) - Not Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Counter Trend Rally
Silver ( SLV ) - Not Investable
Natural Gas Futures ( NG ) - Not Investable
Volatility Levels
S&P 500 - 13.84 - Investable Market (Up from 13.04)
Nasdaq100 - 19.15 - Investable Market (Up from 18.41)
Russell2000 - 18.63 - Investable (Pullback) Market (Up from 16.94)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 12.38 (Up from 10.45)
VIX Short Term - 13.73 (Up from 12.97)
VIX - 13.84 - (Up from 13.09)
VIX Far Term - 14.06 (Up from 13.33)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
SVIX
EHTE
TUR
USO
XOP
URA
CANE
PFIX
IGV
XLE
DBC
UUP
SOYB
QQQ
IWF
XLK
INDA
QUAL
DBA
BKLN
MTUM
SMH
Strongest of our ETF Leveraged/Inverse Funds
GUSH
ERX
TQQQ
TTT
TMV
LABD
QLD
SDP
INDL
TYO
DUST
Strongest of our US Equities (Russell 3000)
RETA
CELH
ESTE
NXGN
DELL
VNO
CEIX
LLY
CPRI
CORT
SPLK
SLG
VST
INTU
PARR
TDW
ETN
MPC
OII
NTNX
INSM
CRC
NEWR
CHX
BR
GWRE
WDAY
CDW
VMW
TNET
MUR
GSHD
BKR
VEEV
APO
PBF
PSX
ORCL
FNF
INTC
CARR
NVT
ARCT
YELP
COP
HAL
EMR
TEAM
KRC
SLB
IBM
DK
ATVI
VRSK
NOW
LPG
PSTG
MA
HES
JEF
ARES
VLO
IMVT
LRN
CBOE
ZS
BXMT
BRC
CRWD
TTD
NRG
IBKR
GIII
NFLX
LPLA
FLS
HUBB
LULU
MIRM
NTAP
XOM
CRM
WMT
WRK
CDAY
OXY
IT
STWD
OHI