WEEKEND UPDATE SEP 17 2023 - WILL THE US FED PAUSE OR RAISE??

١٧ سبتمبر ٢٠٢٣

Macro

2/10 YR CURVE - Inverted = -.69 (Up from -.72 last week)
HIGH YIELD SPREADS = 3.78 (Down from 3.90 last week)
US ISM PMI - Contracting Slower = 47.60% up from 46.40%
US ISM SERVICES - Growing Faster = 54.50% up from 52.70%


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

Volatility Levels

S&P 500 - 13.79 - Investable Market (Down from 13.84)
Nasdaq100 - 18.69 - Investable Market (Down from 19.15)
Russell2000 - 17.36 - Investable (Pullback) Market (Down from 18.63)

S&P 500 Volatility Structure - Normal Contango Structure

VIX 9-Day - 12.51 (Up from 12.38)
VIX Short Term - 13.76 (Up from 13.73)
VIX - 13.79 (Down from 13.84)
VIX Far Term - 13.85 (Down from 14.06)

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

Strongest of our ETF universe

SVIX
USO
ETHE
URA
CANE
PFIX
DBC
TUR
XOP
XLE
UUP
INDA
DBA
BKLN
CTA
IGV
XLY
EWJ
SVOL
BIZD

Strongest of our ETF Leveraged/Inverse Funds

GUSH
ERX
TTT
TMV
LABD
INDL
TYO
WANT
TQQQ
RWM
KOLD
SIJ
QLD

Strongest of our US Equities (Russell 3000)

CVNA
RETA
NXGN
CEIX
CELH
VNO
DELL
SLG
TDW
CRNX
INSM
LLY
CORT
OII
MPC
VST
TWNK
GIII
PBF
TNET
CRS
NTNX
MIRM
HCC
HAL
PSX
CRC
APO
CHX
NEWR
HP
GSHD
AEL
FNF
DK
VLO
GWRE
OLLI
SLB
JEF
WRK
COP
HES
LRN
BXMT
CHTR
LPG
NBIX
VRSK
INTC
VMW
ARES
LPLA
BRK/B
XOM
TTD
FLR
MET
UBER
MA
NRG
KKR
AMZN
EMR
CME
PRU
SFM
CRWD
OXY
CE
WMT
TSLA
MMC
MTN
AIG
IBKR
AFL
SIG
OHI
STWD
L
ACGL
NTAP
LYB
PGR
HQY
CG
RCKT
CDAY
LZB
GE
RJF
HLT
AON
CATY
BRX
REG
WELL
GPRE