WEEKEND UPDATE NOV 5 2023 - DO FLOWS PRODUCE YEAR END RALLY

5 Nov 2023

Macro

2/10 YR CURVE - Inverted = -.26 (Down from -.15 last week)
HIGH YIELD SPREADS = 4.15 (Down from 4.52 last week)
US ISM PMI - Contracting Faster = 46.70% down from 49.00%
US ISM SERVICES - Growing Slower = 51.80% down from 53.60%


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

Volatility Levels

S&P 500 - 14.91 - Investable Market (Down from 21.27)
Nasdaq100 - 18.62 - Investable Market (Down from 24.44)
Russell2000 - 21.44 - Counter Trend Rally Market (Down from 25.39)

S&P 500 Volatility Structure - Normal Contango Structure

VIX 9-Day - 13.71 (Down from 21.36)
VIX Short Term - 14.76 (Down from 21.24)
VIX - 14.91 (Down from 21.27)
VIX Far Term - 15.23 (Down from 21.33)

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

Strongest of our ETF universe

BITO
URA
GLD
CANE
DBA
SVIX

Strongest of our ETF Leveraged/Inverse Funds

UGL

Strongest of our US Equities (Russell 3000)

ANF
BHVN
NXGN
LRN
LPG
CRNX
FRO
SP
X
ESTE
TGH
MSTR
GIII
LBRT
NRG
IDYA
ALL
AR
INSW
TW
VST
RRC
CRWD
BRBR
STNG
CBOE
NEWR
VRNS
ANET
SPOT
PSN
WING
ROAD
PINS
CI
DLR
CAH
XPO
GD
PGTI
OLLI
GDDY
MSFT
KTB
ADBE
RYTM
SGEN
NWS
GES
WRK
VZ
EQT
NOW
AJG
NWSA
CB
CTRE
UNH
VRTX
AFL
LULU
WMT
TRGP
LDOS
CRS
PPC
INTC
PKG
LNG
MUR
OVV
WMB
AKAM