WEEKEND UPDATE OCT 1 2023 - NO SHUTDOWN, 4TH QTR - WILL WE RALLY

1 oct 2023

Macro

2/10 YR CURVE - Inverted = -.44 (Up from -.66 last week)
HIGH YIELD SPREADS = 4.09 (Up from 3.89 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 (Pullback)
Nasdaq100 ( QQQ ) - Investable (Pullback)
Russell2000 ( IWM ) - Not Investable
Gold ( GLD ) - Not Investable
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Investable
US Real Estate ( IYR ) - Not Investable
European Equities ( VGK ) - Not Investable
India ( INDA ) - Investable (Pullback)
Broad Asia Equities ( VPL ) - Not 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) - Not Investable
Silver ( SLV ) - Not Investable
Natural Gas Futures ( NG ) - Investable

Volatility Levels

S&P 500 - 17.52 - Investable (Pullback) Market (Up from 17.20)
Nasdaq100 - 21.28 - Investable (Pullback) Market (Down from 22.01)
Russell2000 - 20.67 - Not Investable Market (Up from 20.61)

S&P 500 Volatility Structure - Switched to Normal Contango Structure

VIX 9-Day - 17.20 (Down from 17.51)
VIX Short Term - 17.41 (Up from 17.20)
VIX - 17.52 (Up from 17.20)
VIX Far Term - 17.73 (Up from 17.21)

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

Strongest of our ETF universe

PFIX
URA
USO
CTA
TUR
CANE
UUP
DBC
BIZD
XLE
ETHE

Strongest of our ETF Leveraged/Inverse Funds

TMV
TTT
LABD
DRV
SRS
HIBS
TYO
DUST
TZA
SDP
SIJ
SMDD
EDZ
GLL
SPXS
TECS
RWM
GUSH
ERX
SDS
EEV
SOXS
RXD
ZSL
EUM
SH
FAZ
YANG
QID
SQQQ
SKF
KOLD

Strongest of our US Equities (Russell 3000)

SLNO
IMVT
RETA
CRNX
NXGN
CEIX
SPLK
ANF
TWNK
HCC
HRB
GIII
ESTC
DELL
NEWR
OII
CRS
FN
GSHD
TNET
TDW
VSTO
X
PBF
LPG
LRN
VST
MIRM
R
INSM
AKAM
APO
WSM
SFM
MPC
CF
WRK
FLR
ATVI
IONS
AMGN
CNX
PSX
HQY
PARR
WDC
NBIX
HAL
VLO
CBOE
SGEN
CHTR
DK
OVV
ACGL
PKG
MCK
AIG
AFL
OHI
CRWD
JBL
XOM
HP
COP
PGR
INSW
L
J
LPLA
COST
BWXT
FDX
CI