WEEKEND UPDATE AUG 6 2023 - WE NEED TO HOLD THESE LEVELS
Macro
2/10 YR CURVE - Inverted = -.73 (Up from -.91 last week)
HIGH YIELD SPREADS = 3.98 (Up from 3.78 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
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Investable
Gold ( GLD ) - Investable
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 ) - Investable
Emerging Markets ( EEM ) - Investable (Pullback)
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Counter Trend Rally
Silver ( SLV ) - Investable (Pullback)
Natural Gas Futures ( NG ) - Counter Trend Rally
Volatility Levels
S&P 500 - 17.10 - Investable Market (Up from 13.33)
Nasdaq100 - 22.02 - Investable Market(Up from 18.92)
Russell2000 - 21.62 - Investable Market(Down from 18.96)
S&P 500 Volatility Structure - MIXED Structure
VIX 9-Day - 16.09 (Up from 11.23)
VIX Short Term - 17.12 (Up from 13.17)
VIX - 17.10 (Up from 13.33)
VIX Long Term - 17.06 (Up from 13.64)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
XOP
USO
XHB
PFIX
IPO
ARKW
BLOK
TUR
SMH
ARKF
IYT
QUAL
XLE
BIZD
SLX
DBC
IGV
ARKQ
DIA
SPY
IWM
XLI
SPHB
XLF
IWD
CUT
XPH
XRT
XLB
URA
WOOD
DBA
EWI
EEM
Strongest of our ETF Leveraged/Inverse Funds
SOXL
NAIL
GUSH
TQQQ
TPOR
WANT
HIBL
TTT
QLD
TMV
TNA
SPXL
ERX
DUSL
MIDU
UWM
FAS
UDOW
SPUU
RETL
UYG
PILL
KORU
SDP
Strongest of Individual Equities (Russell 3000)
SMCI
VRT
RETA
MOD
W
GBX
EXTR
FSLY
YELP
XPO
PARR
SAIA
WMS
TDW
RH
EME
CNX
VECO
COOP
ABCB
OVV
CORT
ELF
BLDR
SM
CRC
RYTM
MPC
CSL
APO
BKI
CADE
KSS
PSTG
WHD
BAH
CHX
OC
OSK
BG
GNTX
URBN
FTDR
BPOP
RRC
ESNT
TW
PKG
BOOT
NOV
NMIH
HAL
WTFC
CAT
GMS
NCR
PNR
MTSI
TXT
PHM
BHF
BKR
UCBI
NVT
BXP
ADNT
USB
AUB
LDOS
GIII
CME
CHTR
JBHT
VMW
KRC
EQT
ETN
WDC
PSN
PH
URI
SKT
TPX
LZB
MEDP
RDN
ORI
ITT
SIG
NEWR
EVR
VST
HES
AFL
IGT
SSB
TRGP
MAR
KBH
FLR
CAL
SUM
MET
ADM
TT
PDCO
ANET
SNDR
PGNY
GPN
RVMD
IBKR
HWC
AMZN
OLLI
TEX
ARES
Z
AIG
UNM
LBRDK
ZG
DBX
RDNT
CDW
GWRE
EMR
NTAP
SHAK
FRPT
STWD
ENR
RL
VMC
CC
DVA
LNG
REG
KRG
STE
KKR
L
CDAY
MLM
VRSK
FLS
IR
JNJ
SHOO
CSCO
OXY
UNVR
MMC
KMX
EHC
NATI
CBOE
EXEL
MCK
CTSH
BWXT
WELL
ESS
AJG
DKS
2/10 YR CURVE - Inverted = -.73 (Up from -.91 last week)
HIGH YIELD SPREADS = 3.98 (Up from 3.78 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
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Investable
Gold ( GLD ) - Investable
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 ) - Investable
Emerging Markets ( EEM ) - Investable (Pullback)
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Counter Trend Rally
Silver ( SLV ) - Investable (Pullback)
Natural Gas Futures ( NG ) - Counter Trend Rally
Volatility Levels
S&P 500 - 17.10 - Investable Market (Up from 13.33)
Nasdaq100 - 22.02 - Investable Market(Up from 18.92)
Russell2000 - 21.62 - Investable Market(Down from 18.96)
S&P 500 Volatility Structure - MIXED Structure
VIX 9-Day - 16.09 (Up from 11.23)
VIX Short Term - 17.12 (Up from 13.17)
VIX - 17.10 (Up from 13.33)
VIX Long Term - 17.06 (Up from 13.64)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
XOP
USO
XHB
PFIX
IPO
ARKW
BLOK
TUR
SMH
ARKF
IYT
QUAL
XLE
BIZD
SLX
DBC
IGV
ARKQ
DIA
SPY
IWM
XLI
SPHB
XLF
IWD
CUT
XPH
XRT
XLB
URA
WOOD
DBA
EWI
EEM
Strongest of our ETF Leveraged/Inverse Funds
SOXL
NAIL
GUSH
TQQQ
TPOR
WANT
HIBL
TTT
QLD
TMV
TNA
SPXL
ERX
DUSL
MIDU
UWM
FAS
UDOW
SPUU
RETL
UYG
PILL
KORU
SDP
Strongest of Individual Equities (Russell 3000)
SMCI
VRT
RETA
MOD
W
GBX
EXTR
FSLY
YELP
XPO
PARR
SAIA
WMS
TDW
RH
EME
CNX
VECO
COOP
ABCB
OVV
CORT
ELF
BLDR
SM
CRC
RYTM
MPC
CSL
APO
BKI
CADE
KSS
PSTG
WHD
BAH
CHX
OC
OSK
BG
GNTX
URBN
FTDR
BPOP
RRC
ESNT
TW
PKG
BOOT
NOV
NMIH
HAL
WTFC
CAT
GMS
NCR
PNR
MTSI
TXT
PHM
BHF
BKR
UCBI
NVT
BXP
ADNT
USB
AUB
LDOS
GIII
CME
CHTR
JBHT
VMW
KRC
EQT
ETN
WDC
PSN
PH
URI
SKT
TPX
LZB
MEDP
RDN
ORI
ITT
SIG
NEWR
EVR
VST
HES
AFL
IGT
SSB
TRGP
MAR
KBH
FLR
CAL
SUM
MET
ADM
TT
PDCO
ANET
SNDR
PGNY
GPN
RVMD
IBKR
HWC
AMZN
OLLI
TEX
ARES
Z
AIG
UNM
LBRDK
ZG
DBX
RDNT
CDW
GWRE
EMR
NTAP
SHAK
FRPT
STWD
ENR
RL
VMC
CC
DVA
LNG
REG
KRG
STE
KKR
L
CDAY
MLM
VRSK
FLS
IR
JNJ
SHOO
CSCO
OXY
UNVR
MMC
KMX
EHC
NATI
CBOE
EXEL
MCK
CTSH
BWXT
WELL
ESS
AJG
DKS