WEEKEND UPDATE JAN 8 2023 - Very interesting start to 2023!

MARKET STATES

S&P 500 ( SPY ) - Bear Downtrend
Nasdaq100 ( QQQ )- Bear Downtrend
Russell2000 ( IWM ) - Bear Downtrend
Gold ( GLD - Bull Uptrend
US 30yr Treasury Bonds ( TLT ) - Bear Rally
US Dollar ( UUP ) - Bear Downtrend
US Real Estate ( IYR ) - Bear Downtrend
Broad European Equities ( VGK ) - Bull Uptrend
India ( INDA ) - Bull Pullback
Broad Asia Equities ( VPL ) - Bull Pullback
China A-Shares ( ASHR ) - Bear Rally
Broad Emerging Markets ( EEM ) - Bull Uptrend
Wheat Futures (ZW) - Bear Downtrend
Corn Futures ( ZC ) - Bear Downtrend
Soybean Futures (ZS) - Bear Rally
Silver ( SLV ) - Bull Uptrend
Natural Gas Futures ( NG ) - Bear Downtrend

Volatility Levels

S&P 500 - 21.14 - Choppy Market
Nasdaq100 - 26.96 - Choppy Market
Russell2000 - 24,92 - Choppy Market

S&P 500 Volatility Structure - In Backwardation with 9Day above VIX = RISK ON

VIX 9-Day - 21.57
VIX Short Term - 21.20
VIX - 21.14
VIX Long Term - 21.00

Now, here is the list of individual ETFs and individual names are showing strength. KEEP IN MIND THAT ALTHOUGH THERE WAS A LARGE UPSIDE MOVE IN MARKETS ON FRIDAY, WE ARE STILL IN BEAR MARKETS IN MOST OF THE US MARKETS.
Although individual stock names are improving and doing well in certain areas, we are still swimming against the tide. It is not a time to be super aggressive, but more a time to perhaps dip a toe in the water.

Strongest of our ETF universe

GLD
SPLV
BKLN
SLV

Strongest of our ETF Leveraged/Inverse Funds

DFEN
PSQ
SH

Strongest of our Equities universe

HIG
SJM
IRDM
MRK
TRV
SWIR
DCP
WWE
URI
PERI
LVS
GL
ROST
WTW
DOX
RYTM
PDD
ELF
DCPH
LW
IMVT
HWM
AGI
ZYXI
COLL
FGEN
NVCR
ARMK
TJX
CAT
ULTA
BKE
CAG
DKS
CB
AFL
PGR
OI
ODP
SJI
ACGL