WEEKEND UPDATE JULY 2 2023 - Q2 EARNINGS ON THE HORIZON
Macro
2/10 YR CURVE - Inverted = -1.06 (More Negative from -.97 last week)
HIGH YIELD SPREADS = 4.14 (Down from 4.30 last week)
US ISM PMI - Contracting Faster = 46.90 down from 47.10%
US ISM SERVICES - Growing Slower = 50.30% down from 51.90%
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 - 13.59 - Investable Market (Up from 13.44)
Nasdaq100 - 19.55 - Investable Market(Up from 19.29)
Russell2000 - 18.79 - Investable Market(Down from 19.81)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 11.53
VIX Short Term - 13.52
VIX - 13.59
VIX Long Term - 13.73
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
SVIX
BLOK
XHB
XLY
ARKW
ARKQ
QQQ
ARKF
IWF
IYT
IPO
CWB
SPHB
BITO
QUAL
INDA
SPY
XLI
PINK
SOYB
SLX
DEF
EWP
XLB
URA
IWD
IWM
MTUM
EWI
Strongest of our ETF Leveraged/Inverse Funds
NAIL
WANT
TQQQ
SOXL
QLD
HIBL
TPRO
SPXL
DUSL
SPUU
INDL
MIDU
TNA
ZSL
UWM
RETL
UDOW
UYG
FAS
DFEN
Strongest of our Individual Equities
UPST
SMCI
ADVN
W
CCL
MDB
RCL
NVDA
BLDR
META
DAL
PHM
CELH
VMC
EXAS
PANW
MLM
CLFT
CAR
UBER
SHOP
AAL
ADBE
AVGO
TTWO
TTD
ISRG
UHS
UAL
F
ABC
ALK
LYV
LLY
TDG
DHI
ORCL
NFLX
CAH
ALGN
AAPL
LEN
AMZN
GWW
NVR
BBIO
PH
SNA
WST
LUV
PWR
URI
IPGP
DFS
BRO
STE
NTAP
CARR
AMAT
PACB
BOOT
FLT
PCAR
HWM
ROK
MCK
ETN
ZBH
TAP
FTNT
AME
WY
SYK
DLR
GE
BR
WDAY
IQV
MAS
EFX
TEL
SWI
KLAC
ECL
FTV
ODFL
NUE
IR
SPG
MCO
TMDX
DVA
RSG
FDX
NXPI
MMC
ABNB
FAST
CHD
MSFT
VEEV
INMD
POOL
AON
MPWR
WAB
LOW
BBY
CSX
TT
LH
MCHP
ROL
CEG
HII
EXPE
SNOW
PINS
TJX
COST
GM
AJG
VRTX
RL
XYL
AVB
TXG
APH
NTES
SPLK
PPG
AOS
WMB
AMP
ITW
CAT
BRK.B
EMR
CZR
BKR
JNJ
LIN
DXCM
HPE
CMI
WM
TER
NWS
WELL
ROST
EXPD
WMT
ICE
ASP
NWSA
LULU
ABT
GLW
IDXX
FOX
OTIS
INTU
DE
MDT
HD
HON
MAR
HSIX
MA
JPM
NSC
APD
PM
LKQ
MCD
CBRE
FOXA
JBHT
BKNG
FCX
SPG
V
BF.B
MGN
XRAY
WFC
ADI
WTW
OMC
CE
GPC
IRM
AFL
2/10 YR CURVE - Inverted = -1.06 (More Negative from -.97 last week)
HIGH YIELD SPREADS = 4.14 (Down from 4.30 last week)
US ISM PMI - Contracting Faster = 46.90 down from 47.10%
US ISM SERVICES - Growing Slower = 50.30% down from 51.90%
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 - 13.59 - Investable Market (Up from 13.44)
Nasdaq100 - 19.55 - Investable Market(Up from 19.29)
Russell2000 - 18.79 - Investable Market(Down from 19.81)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 11.53
VIX Short Term - 13.52
VIX - 13.59
VIX Long Term - 13.73
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
SVIX
BLOK
XHB
XLY
ARKW
ARKQ
QQQ
ARKF
IWF
IYT
IPO
CWB
SPHB
BITO
QUAL
INDA
SPY
XLI
PINK
SOYB
SLX
DEF
EWP
XLB
URA
IWD
IWM
MTUM
EWI
Strongest of our ETF Leveraged/Inverse Funds
NAIL
WANT
TQQQ
SOXL
QLD
HIBL
TPRO
SPXL
DUSL
SPUU
INDL
MIDU
TNA
ZSL
UWM
RETL
UDOW
UYG
FAS
DFEN
Strongest of our Individual Equities
UPST
SMCI
ADVN
W
CCL
MDB
RCL
NVDA
BLDR
META
DAL
PHM
CELH
VMC
EXAS
PANW
MLM
CLFT
CAR
UBER
SHOP
AAL
ADBE
AVGO
TTWO
TTD
ISRG
UHS
UAL
F
ABC
ALK
LYV
LLY
TDG
DHI
ORCL
NFLX
CAH
ALGN
AAPL
LEN
AMZN
GWW
NVR
BBIO
PH
SNA
WST
LUV
PWR
URI
IPGP
DFS
BRO
STE
NTAP
CARR
AMAT
PACB
BOOT
FLT
PCAR
HWM
ROK
MCK
ETN
ZBH
TAP
FTNT
AME
WY
SYK
DLR
GE
BR
WDAY
IQV
MAS
EFX
TEL
SWI
KLAC
ECL
FTV
ODFL
NUE
IR
SPG
MCO
TMDX
DVA
RSG
FDX
NXPI
MMC
ABNB
FAST
CHD
MSFT
VEEV
INMD
POOL
AON
MPWR
WAB
LOW
BBY
CSX
TT
LH
MCHP
ROL
CEG
HII
EXPE
SNOW
PINS
TJX
COST
GM
AJG
VRTX
RL
XYL
AVB
TXG
APH
NTES
SPLK
PPG
AOS
WMB
AMP
ITW
CAT
BRK.B
EMR
CZR
BKR
JNJ
LIN
DXCM
HPE
CMI
WM
TER
NWS
WELL
ROST
EXPD
WMT
ICE
ASP
NWSA
LULU
ABT
GLW
IDXX
FOX
OTIS
INTU
DE
MDT
HD
HON
MAR
HSIX
MA
JPM
NSC
APD
PM
LKQ
MCD
CBRE
FOXA
JBHT
BKNG
FCX
SPG
V
BF.B
MGN
XRAY
WFC
ADI
WTW
OMC
CE
GPC
IRM
AFL