WEEKEND UPDATE MAY 14 2023 - INVESTABLE BUT RANGEBOUND
Macro
2/10 YR CURVE - Inverted = -.52 (More Negative from -.48 last week)
HIGH YIELD SPREADS = 4.81 (Down from 4.95 last week)
US ISM PMI - Contracting Slower = 47.10 up from 46.30%
US ISM SERVICES - Growing Faster = 51.90% up from 51.20%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Investable
US 30yr Treasury Bonds ( TLT ) - Investable (Pullback)
US Dollar ( UUP ) - Counter Trend Rally
US Real Estate ( IYR ) - Counter Trend Rally
European Equities ( VGK ) - Investable
India ( INDA ) - Counter Trend Rally
Broad Asia Equities ( VPL ) - Investable
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 ) - Not Investable
Volatility Levels
S&P 500 - 16.94 - Investable Market
Nasdaq100 - 10.76 - Investable Market
Russell2000 - 22.76 - Choppy Market
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 14.59
VIX Short Term - 16.94
VIX - 16.94
VIX Long Term - 18.13
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
CANE
EWL
SVIX
NIB
INDA
XHB
QQQ
XLK
IWF
EWJ
PPLT
IVOL
FIG
Strongest of our ETF Leveraged/Inverse Funds
NAIL
DRIP
ERY
FAZ
TQQQ
HIBS
TZA
SMDD
INDL
RWM
LABU
Strongest of our Individual Equities
BLDR
SHOP
META
SWAV
TAP
CMG
PHM
LLY
NVDA
HUBS
MDLZ
EXAS
ISRG
MNST
UBER
CHD
CPRT
RSG
ORLY
VRSK
OLLI
HSY
PEP
MLM
PACB
LW
TYL
MCK
ZTS
MSFT
TTD
AJG
GIS
BRO
GE
ECL
RCL
DVA
GOOGL
CL
VMC
LULU
VRTX
ROL
COO
LEN
PHR
CRM
HAS
KMB
MCD
AAPL
NVR
TDG
CLX
BIIB
ORCL
BSX
AMD
WM
CAH
PG
AZO
GRMN
MRK
PWR
SO
FLT
K
LVS
CMCSA
ROP
ZBH
MA
VRSN
STE
MMC
WELL
TTWO
PANW
WMT
EIX
DLTR
KHC
LIN
RMD
ABC
BKNG
HWM
ABT
RE
KO
HCA
CBOE
MAR
IRM
AON
CTAS
SJM
MCK
KR
SNA
FISV
OTIS
IR
EQIX
AME
CSX
YUM
LRCX
ED
PNW
FAST
MAS
ATO
AOS
MSI
BRK.B
GWW
UHS
2/10 YR CURVE - Inverted = -.52 (More Negative from -.48 last week)
HIGH YIELD SPREADS = 4.81 (Down from 4.95 last week)
US ISM PMI - Contracting Slower = 47.10 up from 46.30%
US ISM SERVICES - Growing Faster = 51.90% up from 51.20%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Investable
US 30yr Treasury Bonds ( TLT ) - Investable (Pullback)
US Dollar ( UUP ) - Counter Trend Rally
US Real Estate ( IYR ) - Counter Trend Rally
European Equities ( VGK ) - Investable
India ( INDA ) - Counter Trend Rally
Broad Asia Equities ( VPL ) - Investable
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 ) - Not Investable
Volatility Levels
S&P 500 - 16.94 - Investable Market
Nasdaq100 - 10.76 - Investable Market
Russell2000 - 22.76 - Choppy Market
S&P 500 Volatility Structure - Normal Contango Structure
VIX 9-Day - 14.59
VIX Short Term - 16.94
VIX - 16.94
VIX Long Term - 18.13
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
CANE
EWL
SVIX
NIB
INDA
XHB
QQQ
XLK
IWF
EWJ
PPLT
IVOL
FIG
Strongest of our ETF Leveraged/Inverse Funds
NAIL
DRIP
ERY
FAZ
TQQQ
HIBS
TZA
SMDD
INDL
RWM
LABU
Strongest of our Individual Equities
BLDR
SHOP
META
SWAV
TAP
CMG
PHM
LLY
NVDA
HUBS
MDLZ
EXAS
ISRG
MNST
UBER
CHD
CPRT
RSG
ORLY
VRSK
OLLI
HSY
PEP
MLM
PACB
LW
TYL
MCK
ZTS
MSFT
TTD
AJG
GIS
BRO
GE
ECL
RCL
DVA
GOOGL
CL
VMC
LULU
VRTX
ROL
COO
LEN
PHR
CRM
HAS
KMB
MCD
AAPL
NVR
TDG
CLX
BIIB
ORCL
BSX
AMD
WM
CAH
PG
AZO
GRMN
MRK
PWR
SO
FLT
K
LVS
CMCSA
ROP
ZBH
MA
VRSN
STE
MMC
WELL
TTWO
PANW
WMT
EIX
DLTR
KHC
LIN
RMD
ABC
BKNG
HWM
ABT
RE
KO
HCA
CBOE
MAR
IRM
AON
CTAS
SJM
MCK
KR
SNA
FISV
OTIS
IR
EQIX
AME
CSX
YUM
LRCX
ED
PNW
FAST
MAS
ATO
AOS
MSI
BRK.B
GWW
UHS