WEEKEND UPDATE AUG 27 2023 - WILL THE BEARISH FLOWS CONTINUE
Macro
2/10 YR CURVE - Inverted = -.78 (Down from -. 66 last week)
HIGH YIELD SPREADS = 3.91 (Down from 3.95 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 (Pullback)
Nasdaq100 ( QQQ ) - Investable (Pullback)
Russell2000 ( IWM ) - Investable (Pullback)
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 (Pullback)
China A-Shares ( ASHR ) - Not Investable
Emerging Markets ( EEM ) - Not Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Not Investable
Silver ( SLV ) - Investable
Natural Gas Futures ( NG ) - Not Investable
Volatility Levels
S&P 500 - 15.68 - Investable(Pullback) Market (Down from 17.30)
Nasdaq100 - 20.88 - Investable(Pullback) Market (Down from 22.01)
Russell2000 - 19.76 - Investable Market (Down from 21.79)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 13.78 (Down from 16.54)
VIX Short Term - 15.58 (Down from 17.00)
VIX - 15.68 (Down from 17.30)
VIX Far Term - 15.88 (Up from 17.80)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
TUR
XOP
URA
UUP
XLE
SOYB
USO
CANE
XPH
Strongest of our ETF Leveraged/Inverse Funds
GUSH
TTT
TMV
LABD
SDP
TYO
DUST
ERX
PILL
GLL
SRS
EUM
EEV
RWM
EDZ
EWW
DRV
Strongest of our US Equities (Russell 3000)
USM
RETA
VRT
ANF
MOD
PARR
CELH
RYTM
LLY
CEIX
SM
CORT
IDYA
CNX
BKI
CPRI
HRB
FSLY
PSN
X
CRC
RVMD
MTSI
BR
MPC
TW
DLR
VST
NEWR
OVV
ETN
CHTR
NCR
YETI
AKAM
REGN
EXEL
VMW
MUR
AMGN
APA
OPCH
J
PDCO
EMR
BRBR
NOV
INSW
CBOE
TNET
GPN
NTRA
TRGP
ADP
CHX
ANET
CCOI
PSX
WWE
BG
CSCO
TJX
CDW
CMCSA
IBKR
ROST
SPB
BRO
KTB
NWS
DELL
FLT
PWR
INTU
IR
ALSN
NWSA
WMB
PBF
MAT
MOH
HAS
CME
WDAY
MAR
NYT
DBX
HQY
EQT
NATI
AJG
PRGO
EHC
NMIH
VRSK
IBM
MMC
CTSH
ARES
SPLK
AVT
AKRO
PFGC
PPC
HUBB
KKR
PAG
MA
MCK
V
POST
2/10 YR CURVE - Inverted = -.78 (Down from -. 66 last week)
HIGH YIELD SPREADS = 3.91 (Down from 3.95 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 (Pullback)
Nasdaq100 ( QQQ ) - Investable (Pullback)
Russell2000 ( IWM ) - Investable (Pullback)
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 (Pullback)
China A-Shares ( ASHR ) - Not Investable
Emerging Markets ( EEM ) - Not Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Not Investable
Silver ( SLV ) - Investable
Natural Gas Futures ( NG ) - Not Investable
Volatility Levels
S&P 500 - 15.68 - Investable(Pullback) Market (Down from 17.30)
Nasdaq100 - 20.88 - Investable(Pullback) Market (Down from 22.01)
Russell2000 - 19.76 - Investable Market (Down from 21.79)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 13.78 (Down from 16.54)
VIX Short Term - 15.58 (Down from 17.00)
VIX - 15.68 (Down from 17.30)
VIX Far Term - 15.88 (Up from 17.80)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
TUR
XOP
URA
UUP
XLE
SOYB
USO
CANE
XPH
Strongest of our ETF Leveraged/Inverse Funds
GUSH
TTT
TMV
LABD
SDP
TYO
DUST
ERX
PILL
GLL
SRS
EUM
EEV
RWM
EDZ
EWW
DRV
Strongest of our US Equities (Russell 3000)
USM
RETA
VRT
ANF
MOD
PARR
CELH
RYTM
LLY
CEIX
SM
CORT
IDYA
CNX
BKI
CPRI
HRB
FSLY
PSN
X
CRC
RVMD
MTSI
BR
MPC
TW
DLR
VST
NEWR
OVV
ETN
CHTR
NCR
YETI
AKAM
REGN
EXEL
VMW
MUR
AMGN
APA
OPCH
J
PDCO
EMR
BRBR
NOV
INSW
CBOE
TNET
GPN
NTRA
TRGP
ADP
CHX
ANET
CCOI
PSX
WWE
BG
CSCO
TJX
CDW
CMCSA
IBKR
ROST
SPB
BRO
KTB
NWS
DELL
FLT
PWR
INTU
IR
ALSN
NWSA
WMB
PBF
MAT
MOH
HAS
CME
WDAY
MAR
NYT
DBX
HQY
EQT
NATI
AJG
PRGO
EHC
NMIH
VRSK
IBM
MMC
CTSH
ARES
SPLK
AVT
AKRO
PFGC
PPC
HUBB
KKR
PAG
MA
MCK
V
POST