WEEKEND UPDATE JULY 9 2023 - A WHOLE LOT OF NOTHING!
Macro
2/10 YR CURVE - Inverted = -.88 (Up from -1.06 last week)
HIGH YIELD SPREADS = 4.10 (Down from 4.14 last week)
US ISM PMI - Contracting Faster = 46.00 down from 46.90%
US ISM SERVICES - Growing Faster = 53.90% up from 50.30%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Investable
Gold ( GLD ) - Investable(Pullback)
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Not Investable
US Real Estate ( IYR ) - Investable
European Equities ( VGK ) - Investable(Pullback)
India ( INDA ) - Investable
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 ) - Investable(Pullback)
Natural Gas Futures ( NG ) - Counter Trend Rally
Volatility Levels
S&P 500 - 14.83 - Investable Market (Up from 13.59)
Nasdaq100 - 20.60 - Investable Market(Up from 19.55)
Russell2000 - 20.26 - Investable Market(Down from 18.79)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 12.60
VIX Short Term - 14.71
VIX - 14.83
VIX Long Term - 15.08
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
SVIX
BLOK
ARKW
XHB
XLY
IYT
ARKQ
ARKF
QQQ
XLK
SMH
IPO
IWF
SPHB
INDA
XLI
SPY
BITO
SLX
FXB
XLB
Strongest of our ETF Leveraged/Inverse Funds
NAIL
WANT
TQQQ
SOXL
QLD
HIBL
DUSL
SPXL
INDL
DUST
SPUU
TYO
TMV
TTT
MIDU
ZSL
YANG
RETL
UYG
URE
DRN
Strongest of our Individual Equities
SMCI
ADVM
UPST
CCL
RCL
NCLH
NVDA
TSLA
DAL
BLDR
META
CELH
AAL
VMC
EXAS
PANW
MLM
UBER
ALK
LYV
PHM
TDG
UAL
LUV
GWW
AVGO
MRVL
ADBE
F
ABC
CAH
NFLX
AAPL
PH
URI
AMZN
PWR
SNA
TTWO
PCAR
ISRG
BOOT
FLT
ODFL
CARR
NTAP
DAC
ROK
HWM
ETN
PNR
UHS
WY
FTNT
FDX
IPGP
DFS
NXPI
TEL
NUE
AMAT
WST
DR
DVA
WAB
BRO
TYL
SHW
NVR
LEN
GM
STE
GE
ABNB
AME
ORCL
JCI
BKR
CHD
RSG
POOL
FTV
TT
IR
HCA
NOW
TMDX
FAST
ECL
LH
ROL
ALGN
MCK
WMB
ROP
SWI
SPGI
MCO
CMI
IQV
MCHP
LOW
HII
MMC
INMD
CSX
CBRE
APH
MAS
MPWR
STZ
ALLE
CAT
AVB
ZBH
AON
EFX
PINS
MAR
BWA
TJX
VTR
SYK
NSC
EXPD
SPG
EMR
LKQ
AOS
NWS
IRM
WM
APTV
ITW
NWSA
EQIX
FOX
CMCSA
NTES
RL
AJG
AIG
PPG
ORLY
JPM
IDXX
WFC
SLB
DE
RHI
HON
V
GLW
HPE
CTSH
ICE
TER
AFL
J
JBHT
COO
OLLI
HLT
WMT
XYL
MSI
GPC
CDW
L
BDX
HPQ
DXC
MCD
ROST
2/10 YR CURVE - Inverted = -.88 (Up from -1.06 last week)
HIGH YIELD SPREADS = 4.10 (Down from 4.14 last week)
US ISM PMI - Contracting Faster = 46.00 down from 46.90%
US ISM SERVICES - Growing Faster = 53.90% up from 50.30%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Investable
Gold ( GLD ) - Investable(Pullback)
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Not Investable
US Real Estate ( IYR ) - Investable
European Equities ( VGK ) - Investable(Pullback)
India ( INDA ) - Investable
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 ) - Investable(Pullback)
Natural Gas Futures ( NG ) - Counter Trend Rally
Volatility Levels
S&P 500 - 14.83 - Investable Market (Up from 13.59)
Nasdaq100 - 20.60 - Investable Market(Up from 19.55)
Russell2000 - 20.26 - Investable Market(Down from 18.79)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 12.60
VIX Short Term - 14.71
VIX - 14.83
VIX Long Term - 15.08
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
SVIX
BLOK
ARKW
XHB
XLY
IYT
ARKQ
ARKF
QQQ
XLK
SMH
IPO
IWF
SPHB
INDA
XLI
SPY
BITO
SLX
FXB
XLB
Strongest of our ETF Leveraged/Inverse Funds
NAIL
WANT
TQQQ
SOXL
QLD
HIBL
DUSL
SPXL
INDL
DUST
SPUU
TYO
TMV
TTT
MIDU
ZSL
YANG
RETL
UYG
URE
DRN
Strongest of our Individual Equities
SMCI
ADVM
UPST
CCL
RCL
NCLH
NVDA
TSLA
DAL
BLDR
META
CELH
AAL
VMC
EXAS
PANW
MLM
UBER
ALK
LYV
PHM
TDG
UAL
LUV
GWW
AVGO
MRVL
ADBE
F
ABC
CAH
NFLX
AAPL
PH
URI
AMZN
PWR
SNA
TTWO
PCAR
ISRG
BOOT
FLT
ODFL
CARR
NTAP
DAC
ROK
HWM
ETN
PNR
UHS
WY
FTNT
FDX
IPGP
DFS
NXPI
TEL
NUE
AMAT
WST
DR
DVA
WAB
BRO
TYL
SHW
NVR
LEN
GM
STE
GE
ABNB
AME
ORCL
JCI
BKR
CHD
RSG
POOL
FTV
TT
IR
HCA
NOW
TMDX
FAST
ECL
LH
ROL
ALGN
MCK
WMB
ROP
SWI
SPGI
MCO
CMI
IQV
MCHP
LOW
HII
MMC
INMD
CSX
CBRE
APH
MAS
MPWR
STZ
ALLE
CAT
AVB
ZBH
AON
EFX
PINS
MAR
BWA
TJX
VTR
SYK
NSC
EXPD
SPG
EMR
LKQ
AOS
NWS
IRM
WM
APTV
ITW
NWSA
EQIX
FOX
CMCSA
NTES
RL
AJG
AIG
PPG
ORLY
JPM
IDXX
WFC
SLB
DE
RHI
HON
V
GLW
HPE
CTSH
ICE
TER
AFL
J
JBHT
COO
OLLI
HLT
WMT
XYL
MSI
GPC
CDW
L
BDX
HPQ
DXC
MCD
ROST