WEEKEND UPDATE APR 30 2023 TECH EARNINGS PROPEL MARKET HIGHER
Macro
2/10 YR CURVE - Inverted = -.60 (Unchanged from -.60 last week)
HIGH YIELD SPREADS = 4.48 (Down from 4.54 last week)
US ISM PMI - Contracting Faster = 46.30%
US ISM SERVICES - Growing Slower = 51.20%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Investable
US 30yr Treasury Bonds ( TLT ) - Investable
US Dollar ( UUP ) - Not Investable
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 ) - Investable (Pullback)
Emerging Markets ( EEM ) - Investable (Pullback)
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 - 18.76 - Choppy Market
Nasdaq100 - 22.97 - Choppy Market
Russell2000 - 24.65 - Choppy Market
S&P 500 Volatility Structure - mixed Structure elevated from last week
VIX 9-Day - 19.08
VIX Short Term - 18.44
VIX - 18.76
VIX Long Term - 18.79
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
CANE
NIB
EWL
SVIX
EWQ
PPLT
XLP
SLV
EWG
VGK
EWU
EWP
EWD
XHB
DBA
GDX
EWO
SPLV
QUAL
PINK
SPY
DIA
INDA
Strongest of our ETF Leveraged/Inverse Funds
NAIL
EURL
TQQQ
YANG
SPXL
UGL
UDOW
Strongest of our Individual Equities
META
SWAV
PHM
CMG
ISRG
SGEN
WEST
TAP
GE
LVS
CHD
HSY
CPRT
LULU
KMB
SYK
DHI
LW
BLDR
ZBH
LLY
MDLX
UHS
OLLI
MCD
NVR
ORLY
ROL
YUM
BRO
LEN
HCA
WYNN
PG
ALGN
SBUX
XRAY
CLS
GIS
TMDX
MSFT
AJG
TFX
ASO
PEP
LIN
TYL
COO
FISV
RRR
MDT
MSI
BSX
MMC
RSG
KO
DXCM
SO
BRK.B
MRK
BDX
EIX
AAPL
PPG
BKNG
CL
ULTA
MNST
CAH
INMD
AON
TDG
ZTS
VRTX
SNA
HOLX
ORCL
WMT
ABT
RE
PNR
HWM
BIIB
EA
SHOP
WM
RMD
MGM
VRSN
TTWO
MA
MELI
MAS
EXPD
ROP
CMCSA
LOW
XOM
ABC
NKE
JPM
ICE
CNP
GOOGL
XEL
V
DLTR
IRM
MCO
K
HLT
EQIX
SPGI
AFL
2/10 YR CURVE - Inverted = -.60 (Unchanged from -.60 last week)
HIGH YIELD SPREADS = 4.48 (Down from 4.54 last week)
US ISM PMI - Contracting Faster = 46.30%
US ISM SERVICES - Growing Slower = 51.20%
S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Investable
US 30yr Treasury Bonds ( TLT ) - Investable
US Dollar ( UUP ) - Not Investable
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 ) - Investable (Pullback)
Emerging Markets ( EEM ) - Investable (Pullback)
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 - 18.76 - Choppy Market
Nasdaq100 - 22.97 - Choppy Market
Russell2000 - 24.65 - Choppy Market
S&P 500 Volatility Structure - mixed Structure elevated from last week
VIX 9-Day - 19.08
VIX Short Term - 18.44
VIX - 18.76
VIX Long Term - 18.79
Now, here is the list of individual ETFs and individual names are showing strength.
Strongest of our ETF universe
CANE
NIB
EWL
SVIX
EWQ
PPLT
XLP
SLV
EWG
VGK
EWU
EWP
EWD
XHB
DBA
GDX
EWO
SPLV
QUAL
PINK
SPY
DIA
INDA
Strongest of our ETF Leveraged/Inverse Funds
NAIL
EURL
TQQQ
YANG
SPXL
UGL
UDOW
Strongest of our Individual Equities
META
SWAV
PHM
CMG
ISRG
SGEN
WEST
TAP
GE
LVS
CHD
HSY
CPRT
LULU
KMB
SYK
DHI
LW
BLDR
ZBH
LLY
MDLX
UHS
OLLI
MCD
NVR
ORLY
ROL
YUM
BRO
LEN
HCA
WYNN
PG
ALGN
SBUX
XRAY
CLS
GIS
TMDX
MSFT
AJG
TFX
ASO
PEP
LIN
TYL
COO
FISV
RRR
MDT
MSI
BSX
MMC
RSG
KO
DXCM
SO
BRK.B
MRK
BDX
EIX
AAPL
PPG
BKNG
CL
ULTA
MNST
CAH
INMD
AON
TDG
ZTS
VRTX
SNA
HOLX
ORCL
WMT
ABT
RE
PNR
HWM
BIIB
EA
SHOP
WM
RMD
MGM
VRSN
TTWO
MA
MELI
MAS
EXPD
ROP
CMCSA
LOW
XOM
ABC
NKE
JPM
ICE
CNP
GOOGL
XEL
V
DLTR
IRM
MCO
K
HLT
EQIX
SPGI
AFL