WEEKEND UPDATE JUL 30 2023 - DID WE SEE A CRACK IN THE BULL?

2023年7月30日

Macro

2/10 YR CURVE - Inverted = -.91 (No Change from -.91 last week)
HIGH YIELD SPREADS = 3.78 (Down from 3.90 last week)
US ISM PMI - Contracting Faster = 46.00 down from 46.90%
US ISM SERVICES - Growing Faster = 53.90% up from 50.30%


S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Investable
Gold ( GLD ) - Investable
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Counter Trend Rally
US Real Estate ( IYR ) - Investable
European Equities ( VGK ) - Investable
India ( INDA ) - Investable
Broad Asia Equities ( VPL ) - Investable
China A-Shares ( ASHR ) - Investable
Emerging Markets ( EEM ) - Investable
Wheat Futures (ZW) - Counter Trend Rally
Corn Futures ( ZC ) - Counter Trend Rally
Soybean Futures (ZS) - Counter Trend Rally
Silver ( SLV ) - Investable
Natural Gas Futures ( NG ) - Counter Trend Rally

Volatility Levels

S&P 500 - 13.33 - Investable Market (Down from 13.60)
Nasdaq100 - 18.92 - Investable Market(Down from 19.61)
Russell2000 - 18.96 - Investable Market(Down from 19.31)

S&P 500 Volatility Structure - Normal Contango Structure

VIX 9-Day - 11.23
VIX Short Term - 13.17
VIX - 13.33
VIX Long Term - 13.64

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

Strongest of our ETF universe

SVIX
ARKW
ARKF
BLOK
ARKK
IPO
IYT
XHB
SMH
IGV
QQQ
QUAL
SPHB
SPY
IWF
SLX
XLF
XOP
IWM
IWD
PSP
USO
DBC
SOYB
CUT
EWI
EWK
XLB
XRT
EWY
WOOD
XPH
VNQI
EEM
EWN
TUR
XLE
CANE

Strongest of our ETF Leveraged/Inverse Funds

SOXL
TPOR
NAIL
TQQQ
HIBL
QLD
SPXL
DUSL
SPUU
MIDU
UWM
UDOW
UYG
KORU
EDC
EET
EURL
TYO

Strongest of Individual Equities (Russell 3000)

SMCI
BBIO
RETA
CUBI
VICR
BZH
EXPI
XPO
SKYW
GBX
NVDA
SAIA
W
VRT
AMPH
OSTK
RCL
MDB
MOD
YELP
PLAB
HELE
UBER
RH
BLDR
GKOS
DDOG
ANF
EBIX
ROKU
CARR
MSTR
ACLS
EXTR
THO
MRVL
SLG
PNFP
ARCB
PSTG
ODFL
GFF
CVI
VNO
TDW
AEL
JWN
ARCT
ADBE
EXAS
WMS
BKI
TDC
PARR
DPZ
AVGO
ON
EME
VECO
COOP
RPM
BECN
LPG
HALO
CRC
TPX
CSL
OC
JBL
BKU
CHX
CWH
FTDR
QTWO
BAH
GNTX
PII
STZ
PCTY
BOOT
PHM
PAYC
CZR
AX
WBS
ERII
VMW
APG
WHD
CPA
LRCX
ADP
ARNC
UNP
PNR
PBF
BKR
SKT
WAB
PAYX
TCBI
APO
ALSN
ELF
SHW
MGM
ABCB
MSCI
URBN
GMS
NEOG
TAP
TW
ATVI
WTFC
JBHT
BPOP
HUBS
FORM
MEDP
IGT
GTLS
STE
WLK
SMTC
FDX
JPM
BOH
INTU
OLLI
ESNT
IAC
CMA
KBH
CARS
PKG
VST
CADE
TREX
MDC
ATI
BXP
BG
TTWO
PWR
EVR
TENB
VRRM
SNDR
COST
NVT
USB
IDXX
ITT
RJF
HCC
LPX
DLR
FND
PH
BXMT
VRSK
FIVN
APAM
EXPE
MAR
LIVN
TOL
DD
IRM
SCCO
DT
ARES
CAL
PLAY
CMC
MAS
GE
CG
WDAY
OHI
ADM
FTNT
ETN
AMAT
TMDX
TXG
LOW
WH
AAPL
CAT
DHI
EXPD
FTV
PSX
SWK
RDN
NTAP
AMP
ORI
BRO
WFC
MCHP
PCAR
GOLF
CE
EQT
SFM
SPG
LEA
SNPS
GOOGL
UCBI
IBM
CMCSA
ROP
DE
HD
OZK
WY
GOOG
TRU
CRM
WMB
HWM
ROK
SEIC
CTAS
VCYT
ALGN
CMI
KLAC
INTC
TROW
MCO
NTNX
ADNT
KKR
UNM
JCI
APH
TRGP
LZB
TJX
SIG
CME
HWC
H
KRG
STWD
TXT
TER
URI
MSM
FHB
BLK
REG
CI
BDX
CTRE
BWA
CCK
BF/B
PFG
AKAM
ITW
TKR
MAT
QRVO
ATGE
LDOS
AIG
AMZN
WDC
BERY
JNJ
TT
VVV
COF
PTC
EA
PDCE
LEN
FAF
MET
BA
BLMN
WGO
MMC
OI
FCX
AMH
ICE
BRK/B
ATO
AFL
BRX
DVA
EQIX
GPRE
ACN
TRTN
MU
CAKE
APTV
DRI
L
BBY
CSCO
GWRE
ANSS
LIN
ELS
HLT
CDAY
AIZ
AGCO
KMT
ROST
LNG
WMT
PNW
ABT
SKX
SRC
UPS
ESS
KNX
RL
CTSH
XYL
INVH
RRR
VEEV
IBKR
UNVR
ADI
FLS
CBOE
LYB
MA
SWKS
VRTX
QGEN
MOH
OXY
FIVE
ADSK
AJRD
OTIS
PRGS
WELL