WEEKEND UPDATE OCT 15 2023 - RISKS ELEVATED, STAY DILIGENT
Macro
2/10 YR CURVE - Inverted = -.41 (Down from -.30 last week)
HIGH YIELD SPREADS = 4.25 (Down from 4.38 last week)
US ISM PMI - Contracting Slower = 49.00% up from 47.60%
US ISM SERVICES - Growing Slower = 53.60% down from 54.50%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Counter Trend Rally
US 30yr Treasury Bonds ( TLT ) - Counter Trend Rally
US Dollar ( UUP ) - Investable
US Real Estate ( IYR ) - Counter Trend Rally
European Equities ( VGK ) - Counter Trend Rally
India ( INDA ) - Investable (Pullback)
Broad Asia Equities ( VPL ) - Not 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) - Not Investable
Silver ( SLV ) - Counter Trend Rally
Natural Gas Futures ( NG ) - Investable
Volatility Levels
S&P 500 - 19.32 - Investable Market (Up from 17.45)
Nasdaq100 - 22.75 - Investable Market (Up from 21.41)
Russell2000 - 23.65 - Not Investable Market (Up from 21.48)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 18.76 (Up from 16.29)
VIX Short Term - 19.30 (Up from 17.42)
VIX - 19.32 (Up from 17.45)
VIX Far Term - 19.35 (Up from 17.51)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
UUP
TUR
CANE
URA
Strongest of our ETF Leveraged/Inverse Funds
LABD
TTT
TMV
TZA
HIBS
SDP
DRV
SMDD
TYO
EDZ
SRS
BOIL
ZSL
RWM
DUST
EEV
FAZ
GLL
SIJ
SKF
EWV
EUM
SPXS
YANG
SDS
SJB
Strongest of our US Equities (Russell 3000)
ANF
VRT
MRTX
CEIX
NXGN
JBL
X
PETQ
FRO
NTNX
ESTE
LLY
WSM
BHVN
LPG
CRWD
PGR
CME
RYTM
TNET
CBOE
MCK
CNX
BAH
WRK
AMGN
LRN
BRBR
ZS
HQY
SFM
IONS
VMW
UNH
ATVI
RRC
PSN
AFL
OVV
SM
INSW
SNPS
J
STNG
SGEN
PANW
FANG
EQT
NRG
ARES
GD
LNG
ATGE
ACGL
ANET
CTRE
CI
BWXT
NATI
TXT
OHI
PXD
MSM
VRTX
VEEV
CDNS
AJG
MTDR
COP
HAL
PGTI
MUR
NWS
2/10 YR CURVE - Inverted = -.41 (Down from -.30 last week)
HIGH YIELD SPREADS = 4.25 (Down from 4.38 last week)
US ISM PMI - Contracting Slower = 49.00% up from 47.60%
US ISM SERVICES - Growing Slower = 53.60% down from 54.50%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Counter Trend Rally
US 30yr Treasury Bonds ( TLT ) - Counter Trend Rally
US Dollar ( UUP ) - Investable
US Real Estate ( IYR ) - Counter Trend Rally
European Equities ( VGK ) - Counter Trend Rally
India ( INDA ) - Investable (Pullback)
Broad Asia Equities ( VPL ) - Not 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) - Not Investable
Silver ( SLV ) - Counter Trend Rally
Natural Gas Futures ( NG ) - Investable
Volatility Levels
S&P 500 - 19.32 - Investable Market (Up from 17.45)
Nasdaq100 - 22.75 - Investable Market (Up from 21.41)
Russell2000 - 23.65 - Not Investable Market (Up from 21.48)
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 18.76 (Up from 16.29)
VIX Short Term - 19.30 (Up from 17.42)
VIX - 19.32 (Up from 17.45)
VIX Far Term - 19.35 (Up from 17.51)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
UUP
TUR
CANE
URA
Strongest of our ETF Leveraged/Inverse Funds
LABD
TTT
TMV
TZA
HIBS
SDP
DRV
SMDD
TYO
EDZ
SRS
BOIL
ZSL
RWM
DUST
EEV
FAZ
GLL
SIJ
SKF
EWV
EUM
SPXS
YANG
SDS
SJB
Strongest of our US Equities (Russell 3000)
ANF
VRT
MRTX
CEIX
NXGN
JBL
X
PETQ
FRO
NTNX
ESTE
LLY
WSM
BHVN
LPG
CRWD
PGR
CME
RYTM
TNET
CBOE
MCK
CNX
BAH
WRK
AMGN
LRN
BRBR
ZS
HQY
SFM
IONS
VMW
UNH
ATVI
RRC
PSN
AFL
OVV
SM
INSW
SNPS
J
STNG
SGEN
PANW
FANG
EQT
NRG
ARES
GD
LNG
ATGE
ACGL
ANET
CTRE
CI
BWXT
NATI
TXT
OHI
PXD
MSM
VRTX
VEEV
CDNS
AJG
MTDR
COP
HAL
PGTI
MUR
NWS