WEEKEND UPDATE APR 16 2023 - BEAR RALLY CONTINUES, BUT BE NIMBLE

Macro

2/10 YR CURVE - Inverted = -.56 (Up from -.58 last week)
HIGH YIELD SPREADS = 4.49 (Down from 4.84 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
Emerging Markets ( EEM ) - Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Counter Trend Rally
Soybean Futures (ZS) - Investable
Silver ( SLV ) - Investable
Natural Gas Futures ( NG ) - Not Investable

Volatility Levels

S&P 500 - 17.07 - Investable Market
Nasdaq100 - 22.22 - Choppy Market
Russell2000 - 22.25 - Choppy Market

S&P 500 Volatility Structure - normal Contango Structure

VIX 9-Day - 13.35
VIX Short Term - 17.00
VIX - 17.07
VIX Long Term - 17.20

Now, here is the list of individual ETFs and individual names are showing strength.

Strongest of our ETF universe

CANE
SLV
SVIX
EWQ
EWL
EWP
NIB
XLK
EWG
VGK
QQQ
EWU
IGV
IWF
EWK
DBA
EWN
XLV
QUAL
EWD
EWY
SPY
VPL
EWJ
EWO
DIA
PINK
PPLT
MTUM
XLE

Strongest of our ETF Leveraged/Inverse Funds

KOLD
EURL
JNUG
TQQQ
SOXL
NAIL
KORU
SPXL
UGL
CURE
UDOW
DFEN
WANT
ERX

Strongest of our Individual Equities

NVDA
META
WST
FTNT
BLDR
ANET
LULU
PANW
FDX
GE
CPRT
HUBS
PHM
RBLX
MELI
SYK
ANSS
CRM
ORCL
LW
PVH
MCD
LLY
HCA
AAPL
MSFT
BSX
BKNG
MSI
VRTX
ATVI
COO
CMG
OMC
GIS
EA
REGN
ORLY
ISRG
CBOE
IPG
TYL
PG
AZO
JNPR
KMB
CAH
ROL
NOW
HOLX
VRSN
LIN
T
WM
AON
INMD
ABC
PPG
LVS
MRK
NFLX
TTWO
BDX
SO
WMT
TDG
YUM
AJG
UNH
V
TAP
HES
ASML
PINS
MTD
MGM
HSIC
XOM
LYB
ZTS
PWR
INTU
SBUX
VRSK
TDY
RMD
MMC
HUM
BIIB
HWM
HPE
ICE
UHS
BRK.B
TMO
JNJ
BWA
PSX
FANG
CVX
MA
AWK
MPC
RTX
NKE
CTAS
RE
OKE
HLT
PTC
RL
MCK