Market Performance

We saw the market go flat Friday. Instead of rip, we simply held the gains. If there is an interesting piece it’s the SMALL CAP strength on Friday. An outlier amongst the main indexes. The IWM etf was up over 3.5% for the week.

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 are back above the 23 Week Moving Average. Which is significant.

The recent action was choppy. The market reflected it. Now we expect the market to reflect BULLISHNESS until it doesn’t. We’d like to see the blue line go above the 10 Week Moving Average.

MACRO INDICATOR:

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

• MICRO WEATHER: BEARISH Since 7/27/23🛑

US Index ETF Review:

SPY

• Bullish Trend Since 8/31/23🟢***

• Go LONG Since 9/1/23🟢***

• Price to FALL Since 8/8/23🛑***

DIA

• BULLISH Trends Since 9/1/23🟢***

• Go Short Since 8/11/23🛑

• Price to RISE Since 8/28/23🟢***

QQQ

• BULLISH Trend Since 8/31/23🟢***

• Go LONG Since 8/31/23🟢***

• Price to Fall Since 7/28/23**🛑

IWM

• Bearish Since 8/16/23🛑

• Go SHORT Since 8/10/23🛑

• Price to FALL Since 8/14/23🛑

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V - Credit Services (USA 🇺🇸)

ACN - Information Technology Services (Ireland 🇮🇪)

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