Market Performance

We’ve left behind the final Friday of Summer for 2023. The market was positive across all 3 major indexes in the US. A final farewell of summer to us who traded this summer of chop.

Indexes reflect the underlying volatility of the market. There is no straight line in markets. All we get is a random walk home.

Volatility Corner:

VIX / VVIX deteriorated worse! 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 below the 23 Week Avg for the first time since January 3rd, 2023.

This signal is important. Be very cautious until things improve.

We can certainly snap back above next week. But overall, change is here.

MACRO INDICATOR:

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

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

US Index ETF Review:

SPY

• Bullish Trend Since 5/31/23🟢

• Go SHORT Since 8/11/23🛑****

• Price to FALL Since 8/8/23🛑***

DIA

• Bearish Trend Since 8/24/23🛑****

• Go Short Since 8/11/23🛑

• Price to Fall Since 8/18/23🛑

QQQ

• QQQ Bearish Trend Since 8/18/23🛑

• Go SHORT Since 8/10/23🛑***

• 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🛑

New Highs $5-$20:

1. NXE - Energy (Canada)

2. SBS - Utilities (Brazil)

3. COUR - Education & Trainings (USA)

4. TSAT - Communication Equipement (Canada)

5. FSLY - Software Application (USA)

6. SPNT - Insurance (Bermuda)

NXE - Energy (Canada)

SBS - Utilities (Brazil)

COUR - Education & Trainings (USA)

TSAT - Communication Equipement (Canada)

FSLY - Software Application (USA)

SPNT - Insurance (Bermuda)

New Highs $20+:

1. EXEL - Biotechnology (USA)

2. CLS - Electronic Components (Canada)

3. MNSO - Specialty Retail (China)

4. UBS - Banks (Switzerland)

5. IDYA - Biotechnology (USA)

6. RVMD - Biotechnology (USA)

7. CCJ - Energy (Canada)

8. VRT - Electrical Equipments and Parts (USA)

9. AZZ - Speciality Business (USA)

10. PRGS - Software Application (USA)

11. BCO - Security & Protection Services (USA)

12. SPLK - Software Infrastructure (USA)

13. ATR - Medical Instruments and Supplies (USA)

14. NSIT - Electronics and Computer Distribution (USA)

15. BR - Information Technology (USA)

16. INTU - Software Application (USA)

EXEL - Biotechnology (USA)

CLS - Electronic Components (Canada)

MNSO - Specialty Retail (China)

UBS - Banks (Switzerland)

IDYA - Biotechnology (USA)

RVMD - Biotechnology (USA)

CCJ - Energy (Canada)

VRT - Electrical Equipments and Parts (USA)

AZZ - Speciality Business (USA)

PRGS - Software Application (USA)

BCO - Security & Protection Services (USA)

SPLK - Software Infrastructure (USA)

ATR - Medical Instruments and Supplies (USA)

NSIT - Electronics and Computer Distribution (USA)

BR - Information Technology (USA)

INTU - Software Application (USA)

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