Market Performance

Indexes chopped all week. Two indexes (SPY / DOW JONES) were down for the week, the Nasdaq was up a measly 0.06%. The market finds itself entering into Q4 with a shaky setup. Did you see the indexes do anything BULLISH last week? If you did, please tell me where.

On every single TRADE CARD below will show the VIX SENTIMENT has flipped to very BULLISH which is very BEARISH for equities.

Volatility Corner:

VIX / VVIX deteriorated! Blue up is good, blue down is bad. The blue line has a HIGH CORRELATION to overall markets. Things are going from bad to worse very quickly.

MACRO INDICATOR:

Officially, we are in a MACRO SEASON: BULL MARKET but we are monitoring short-term indicators which show a MACRO SEASON: BEAR MARKET brewing.

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

• MICRO WEATHER: BEARISH Since 9/19/23🛑***

US Index ETF Review:

SPY 🐻

• Trend: BEARISH Since 9/27/23🛑***

• Trade Signal: Go SHORT Since 9/21/23🛑

• Future Price Path: Price to FALL Since 9/27/23🛑***

DIA 🐻

• Trend: BULLISH Since 9/1/23🟢

• Trade Signal: Go Short Since 9/21/23🔴

• Future Price Path: FALL Since 9/21/23🔴

QQQ 🐻

• Trend BEARISH Since 9/29/23🔴***

• Trade Signal: Go Short Since 9/21/23🔴

• Future Price Path: FALL Since 9/26/23🔴***

IWM 🐻

• Trend: Bearish Since 8/16/23🛑

• Trade Signal: NSHORT Since 9/15/23🛑

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

New Highs $5-$20:

1. GRPN - Internet Content & Infrastructure

2. LPG - Oil & Gas Midstream

3. HDSN - Speciality Chemicals

4. TNGX - Biotechnology

5. UUUU - Uranium

6. RENB - Biotechnology

7. EU - Uranium

8. CCCS - Software - Infrastructure

9. COUR - Education & Training Services

GRPN - Internet Content & Infrastructure 🇺🇸

LPG - Oil & Gas Midstream 🇺🇸

HDSN - Speciality Chemicals 🇺🇸

TNGX - Biotechnology 🇺🇸

UUUU - Uranium 🇺🇸

RENB - Biotechnology 🇺🇸

EU - Uranium 🇺🇸

CCCS - Software - Infrastructure 🇺🇸

COUR - Education & Training Services 🇺🇸

New Highs $20+:

1. TBF - ETF (Short 20+ Bonds)

2. AMR - Coking Coal

3. SGEN - Biotechnology

4. IMO - Oil & Gas (Canada)

5. CLS - Electronic Components (Canada)

6. X - Steel

7. SFM - Grocery Stores

8. URNM - Sprott Uranium Miners ETF

9. TNET - Staffing & Employment Services

10. WSM - Speciality Retail

11. AMR - Coking Coal

12. CEIX - Coking Coal

13. ANF - Apparel Retail

TBF - ETF (Short 20+ Bonds) 🇺🇸

AMR - Coking Coal 🇺🇸

SGEN - Biotechnology 🇺🇸

IMO - Oil & Gas (Canada) 🇨🇦

CLS - Electronic Components (Canada) 🇨🇦

X - Steel 🇺🇸

SFM - Grocery Stores 🇺🇸

URNM - Sprott Uranium Miners ETF 🇺🇸

TNET - Staffing & Employment Services 🇺🇸

WSM - Speciality Retail 🇺🇸

AMR - Coking Coal 🇺🇸

CEIX - Coking Coal 🇺🇸

ANF - Apparel Retail 🇺🇸

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