WEEKEND UPDATE OCT 8 2023 - CHAOTIC WEEKEND, FUTURES DOWN < 1%
Macro
2/10 YR CURVE - Inverted = -.30 (Up from -.44 last week)
HIGH YIELD SPREADS = 4.38 (Up from 4.09 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 (Pullback)
Nasdaq100 ( QQQ ) - Investable (Pullback)
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Not Investable
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Investable
US Real Estate ( IYR ) - Not Investable
European Equities ( VGK ) - Not Investable
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 ) - Not Investable
Natural Gas Futures ( NG ) - Investable
Volatility Levels
S&P 500 - 17.45 - Investable (Pullback) Market (Down from 17.52)
Nasdaq100 - 21.41 - Investable (Pullback) Market (Up from 21.28)
Russell2000 - 21.48 - Not Investable Market (Up from 20.67)
S&P 500 Volatility Structure - Switched to Normal Contango Structure
VIX 9-Day - 16.29 (Down from 17.20)
VIX Short Term - 17.42 (Up from 17.41)
VIX - 17.45 (Down from 17.52)
VIX Far Term - 17.51 (Down from 17.73)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
URA
TUR
UUP
CTA
CANE
GBTC
ETHE
Strongest of our ETF Leveraged/Inverse Funds
TMV
TTT
DRV
LABD
SDP
SRS
DUST
TYO
GLL
HIBS
TZA
ZSL
SMDD
SIJ
EDZ
RWM
EEV
FAZ
SPXS
SKF
SDS
EUM
EWV
SH
RXD
YANG
SJB
BOIL
Strongest of our US Equities (Russell 3000)
MRTX
NXGN
SPLK
MOD
XPO
X
NEWR
JBL
HZNP
TNET
NTNX
LRN
CRS
ATVI
WDC
CBOE
WRK
CRWD
HQY
BRBR
SGEN
MCK
VMW
NBIX
BRC
ACGL
J
ARES
AFL
GOOG
ZS
GOOGL
PGR
RRC
OHI
SNPS
MANH
CME
PCAR
2/10 YR CURVE - Inverted = -.30 (Up from -.44 last week)
HIGH YIELD SPREADS = 4.38 (Up from 4.09 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 (Pullback)
Nasdaq100 ( QQQ ) - Investable (Pullback)
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Not Investable
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Investable
US Real Estate ( IYR ) - Not Investable
European Equities ( VGK ) - Not Investable
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 ) - Not Investable
Natural Gas Futures ( NG ) - Investable
Volatility Levels
S&P 500 - 17.45 - Investable (Pullback) Market (Down from 17.52)
Nasdaq100 - 21.41 - Investable (Pullback) Market (Up from 21.28)
Russell2000 - 21.48 - Not Investable Market (Up from 20.67)
S&P 500 Volatility Structure - Switched to Normal Contango Structure
VIX 9-Day - 16.29 (Down from 17.20)
VIX Short Term - 17.42 (Up from 17.41)
VIX - 17.45 (Down from 17.52)
VIX Far Term - 17.51 (Down from 17.73)
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
PFIX
URA
TUR
UUP
CTA
CANE
GBTC
ETHE
Strongest of our ETF Leveraged/Inverse Funds
TMV
TTT
DRV
LABD
SDP
SRS
DUST
TYO
GLL
HIBS
TZA
ZSL
SMDD
SIJ
EDZ
RWM
EEV
FAZ
SPXS
SKF
SDS
EUM
EWV
SH
RXD
YANG
SJB
BOIL
Strongest of our US Equities (Russell 3000)
MRTX
NXGN
SPLK
MOD
XPO
X
NEWR
JBL
HZNP
TNET
NTNX
LRN
CRS
ATVI
WDC
CBOE
WRK
CRWD
HQY
BRBR
SGEN
MCK
VMW
NBIX
BRC
ACGL
J
ARES
AFL
GOOG
ZS
GOOGL
PGR
RRC
OHI
SNPS
MANH
CME
PCAR