WEEKEND UPDATE JULY 23 2023 - FED AND EARNINGS THIS WEEK

Macro

2/10 YR CURVE - Inverted = -.98 (Down from -.91 last week)
HIGH YIELD SPREADS = 3.90 (Down from 3.97 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 ) - Investable
US Dollar ( UUP ) - Not Investable
US Real Estate ( IYR ) - Investable
European Equities ( VGK ) - Investable
India ( INDA ) - Investable
Broad Asia Equities ( VPL ) - Investable
China A-Shares ( ASHR ) - Counter Trend Rally
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 - 13.60 - Investable Market (Up from 13.34)
Nasdaq100 - 19.61 - Investable Market(Down from 19.65)
Russell2000 - 19.31 - Investable Market(Down from 19.45)

S&P 500 Volatility Structure - Normal Contango Structure

VIX 9-Day - 12.50
VIX Short Term - 13.36
VIX - 13.60
VIX Long Term - 14.02

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

Strongest of our ETF universe

SVIX
BLOK
ARKW
ARKF
ARKK
IPO
IGV
XHB
IYT
XLK
SPHB
QUAL
XLI
PSP
XLF
IWM
SLX
IWD
EWI
XRT
IYR
XLB
EWN
EWK
SLV
USO
EWO
EWQ

Strongest of our ETF Leveraged/Inverse Funds

TQQQ
NAIL
SOXL
TPOR
HIBL
QLD
SPXL
DUSL
SPUU
INDL
MIDU
UWM
UYG
UDOW
KORU
EURL
AGQ

Strongest of Individual Equities (Russell 3000)

SMCI
BBIO
VRT
CUBI
SDGR
W
NVDA
MDB
EXPI
GBX
XPO
SKYW
MSTR
SNBR
MOD
ACAD
DDOG
RH
SAIA
HELE
EXTR
BLDR
GKOS
AMPH
AEL
TTD
MRVL
RETA
YELP
TDC
UBER
PSTG
ARCT
THO
JBL
OII
ADBE
LYV
GFF
SPOT
AVGO
WMS
APG
FTDR
EBIX
BECN
DAL
CHX
VMW
TDW
BKI
CWH
BOOT
CARR
HUBS
ON
DPZ
EXAS
VRRM
TPX
PII
IAC
SLG
PCAR
DLR
IMVT
CSL
NEOG
ALSN
CC
SKT
TEX
MLI
NVT
BKR
CARG
ETN
CZR
ERII
PNR
GNTX
TMHC
ROK
OLLI
SFM
ODFL
STE
EME
FIVN
OMF
CBRE
TREX
TTWO
PH
OHI
DBX
LPX
MAT
MC
PNFP
PAYC
ZS
FTNT
APO
ARNC
ACGL
COOP
GTLS
VNO
NTAP
TRU
KBH
ITT
VECO
PLAY
MTCH
RDNT
TMDX
BAH
BXMT
APAM
FDX
URBN
DT
MEDP
CSGP
SPGI
ARES
PWR
BR
FND
FORM
GMS
IGT
IRM
PARR
CRM
EXPE
NOW
STZ
MGM
HALO
VCYT
CPA
CRC
DVA
IDXX
ATVI
TCBI
VST
DHI
SMTC
TAP
ROL
WAB
BRO
WTFC
CMC
ESNT
CPRT
WY
FLT
SNPS
ALLE
EVR
ATI
CARS
MAS
URI
JPM
WHD
SHW
HLI
AOS
AMP
INTU
KMX
ABC
HWM
ECL
STWD
AMN
MCO
MSFT
UAL
CAT
ROP
ANET
JCI
GGG
RJF
VRSK
WBS
SPG
TT
NYT
KRG
KKR
PFG
TKR
USFD
BFAM
ZG
CMI
LSXMK
LEN
WLK
WMB
MAR
GE
COF
COST
LSXMA
BRX
Z
SEIC
GOLF
BAX
IR
IT
CDNS
BKU
PCH
CAL
ESS
LOW
UNM
TER
BERY
AVB
BWA
BLK
EQIX
CTSH
REG
WFC
DE
ANSS
STAG
CMCSA
EQR
AMH
APTV
EA
EXPD
TRGP
BG
PTC
LZB
FTV
ABCB
CTAS
COLD
JBHT
ADNT
DRI
RDN
BLMN
ICE
TXG
EBAY
CE
RRR
BPOP
SRC
BYD
CGNX
TRTN
NWS
MSM
DD
AGCO
DXCM
TJX
MMC
SNDR
RSG
AIG
INVH
OI
QRVO
VVV
ITW
MOH
ACN
AKAM
CTRE
PPG
FLS
SSNC
VRTX
MA
TXRH
BRK/B
TROW
NTNX
CAKE
ORI
BBY
AFL
CI
PSX
BOH
HD
ATO
V
H
RL
KMT
PDCE
HLT
GWRE
LNG
ORLY
PNW
CSCO
GPRE
CBOE
SWKS
DOV
HCC
ADSK
LIN
FHB
TXN
ROST
AXTA
LULU
MSI
CDAY
GRMN
UNVR
FCPT
YETI
EAT
XYL
WELL
IBKR
RVMD
HGV
EPRT
MDT
Beyond Technical AnalysisTrend Analysis

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