p.s.. if you read nothing else, Toyota Motors is at 52 week highs! (🇯🇵 🐂!)

Market Performance

Friday was bad. It’s wasn’t BULLISH 🐂. But we got an important indicator flip this week. Below on the VOLATILITY CORNER, you’ll see the MACRO INDICATOR. We saw BULL MARKET 🐂 action in the MICRO WEATHER ☀️, which is positive.

We can highlight POSITIVE ROLLING RETURNS beyond 1 Month for ALL INDEXES. 🐂

Indexes are reflecting the BULLS 🐂 coming back into the market.

Volatility Corner:

VIX / VVIX improved! Blue up is good, blue down is bad. The blue line has a HIGH CORRELATION to overall markets. You see the up and down…we had a big move this week BOUNCING BACK BELOW the 10 Week, which isn’t a big deal now but we hope it can prove to break higher.

The market has been choppy but not down. All indexes are positive over their 15 Day and longer for their rolling returns. That’s a good signal considering how we saw the negative rolling returns in August 2023.

We expect BULLISH 🐂 action in the SHORT-TERM. This market will allow for CHOP 🪓 and RANGES.

MACRO INDICATOR:

• MACRO SEASON: BULLISH Since 12/2/22🟢 🐂

• MICRO WEATHER: BEARISH Since 9/11/23🟢***(Never Forget 🇺🇸) 🐂

US Index ETF Review:

SPY 🐂

• Trend: BULLISH Since 8/31/23🟢

• Trade Signal: Go LONG Since 9/1/23🟢

• Future Price Path: Price to RISE Since 9/1/23🟢

DIA 🐂

• Trend: BULLISH Since 9/1/23🟢

• Trade Signal: Neutral Since 9/12/23🟡

• Future Price Path: RISE Since 9/14/23🟢***

QQQ 🐂

• Trend: BULLISH Since 8/31/23🟢

• Trade Signal: NEUTRAL Since 9/15/23🟡***

• Future Price Path: FALL Since 7/28/23**🛑

  

  Volatility has started to breakout. Correlation is negative, we could see down ward then upward moves rapidly over the next 5-10 days.

  

  Flat range for now but it’s starting to go higher. The VOLATILITY BREAKOUT is appreciated to make this TRADE RANGE turn BULLISH.

IWM 🐻

• Trend: Bearish Since 8/16/23🛑

• Trade Signal: NEUTRAL/SHORT Since 9/15/23🟡🛑***

• Future Price Path: FALL Since 9/14/23🛑***

New Highs $5-$20:

1. WIT - Information Technology Services (India 🇮🇳)

2. UEC - Uranium 🇺🇸

3. NXE - Uranium (Canada 🇨🇦)

4. UUU - Uranium 🇺🇸

5. CCCS - Software - Infrastructure 🇺🇸

6. SBS - Utilities - Regulated Water 🇺🇸

7. HDSN - Specialty Chemicals 🇺🇸

8. EC - Oil & Gas Integrated (Columbia)

9. CDLX - Advertising Agencies 🇺🇸

10. ALTO - Specialty Chemicals 🇺🇸

11. URG - Uranium 🇺🇸

WIT - Information Technology Services (India 🇮🇳)

UEC - Uranium 🇺🇸

NXE - Uranium (Canada 🇨🇦)

UUU - Uranium 🇺🇸

CCCS - Software - Infrastructure 🇺🇸

SBS - Utilities - Regulated Water 🇺🇸

HDSN - Specialty Chemicals 🇺🇸

EC - Oil & Gas Integrated (Columbia)

CDLX - Advertising Agencies 🇺🇸

ALTO - Specialty Chemicals 🇺🇸

URG - Uranium 🇺🇸

New Highs $20+:

1. ARRY - Solar 🇺🇸

2. MNSO - Specialty Retail (China 🇨🇳)

3. CTAS - Specialty Business Services 🇺🇸

4. CHTR - Telecom Services 🇺🇸

5. AMR - Coking Coal 🇺🇸

6. TM - Auto Manufacturers (Japan 🇯🇵)

7. ARCH - Coking Coal 🇺🇸

8. TNET - Staffing & Employment Services 🇺🇸

9. BCO - Security and Protection Services 🇺🇸

10. LEU - Uranium 🇺🇸

11. XPRO - Oil and Gas Equipment Services 🇺🇸

12. RELY - Software - Infrastructure 🇺🇸

ARRY - Solar 🇺🇸

MNSO - Specialty Retail (China 🇨🇳)

CTAS - Specialty Business Services 🇺🇸

CHTR - Telecom Services 🇺🇸

AMR - Coking Coal 🇺🇸

TM - Auto Manufacturers (Japan 🇯🇵)

ARCH - Coking Coal 🇺🇸

TNET - Staffing & Employment Services 🇺🇸

BCO - Security and Protection Services 🇺🇸

LEU - Uranium 🇺🇸

XPRO - Oil and Gas Equipment Services 🇺🇸

RELY - Software - Infrastructure 🇺🇸

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