Market Performance

Happy Sunday. We find ourselves at a cross roads for US Bonds. Will the 10 year break above 4.20 on the yield? This is a 3 year chart of the weekly close. The 10 year yield is at the top of it’s weekly Bootleg Macro Trade Range.

The rise in yield on the 10-year treasury helped drop $TLT down over(-3.29%) for the week. A ugly week and resumption of down trend in bond values.

Index Review:

Friday’s market close was UGLY. I’ll admit it. Being a perma-bull doesn’t mean you’re dumb. It’s means you’re optimistic. All indexes were negative for the week. The Nasdaq, as expected led to the downside (-2.85%) for the week. S&P500 followed closely down (-2.27%) for the week. Dow Jones held up better than the tech heavy indexes only down (-1.11%) for the week.

It’s a bull market in the Nasdaq (.IXIC), S&P 500 (.INX) and Dow Jones Index (.DJI). This week will tell us if we find a change in trend.

Volatility Corner:

VIX / VVIX deteriorated. Blue up is good, blue down is bad. We went down, indexes reflected the increase in volatility. This signal shouldn’t be ignored. We could get a get a big swing back up or a big drop. This is an important week to watch indexes.

This ratio isn’t level based but we haven’t been above 8.00 since before 2020. We aren’t there yet but we may have hit a peak.

Volatility rose this week and it’s reflected in the New Highs stocks…it’s been a good run but things look different.

US Index Review:

All indexes were down this week. It’s not rare but it’s not common either. Pay attention to the signal. The indexes are in the middle of their ranges. And we’ve hit the slowest volume month of the summer. We could chop for a bit before a very BULLISH fall.

SPY

• Bullish Trend Since 5/31/23🟢

• Go Long Since 5/18/23🟢

• Price to Rise Since 6/29/23🟢

DIA

• Bullish Trend Since 6/30/23🟢

• Go Long Since 7/13/23🟢

• Price to Rise Since 7/7/23🟢

QQQ

• QQQ Bullish Trend Since 5/16/23🟢

• Go Long Since 7/13/23🟢

• Price to Fall Since 7/28/23**🛑

IWM

• Bullish Trend Since 5/24/23🟢

• Go Long Since 7/12/23**🟢

• Price to Rise Since 6/29/23🟢

You’ve hit the subscriber break! If you subscribe for free to see 25 stocks hitting new highs you’ll want to buy.

The list is right below here…if you don’t like it unsubscribe. We aren’t pirates making you walk the plank here. We are newsletter writers who like to see our list grow. Make it a great day for you and us, join today.

New Highs $5-$20:

1. ROVR - Personal Service (USA)

2. SOFI - Credit Services (USA)

3. WW - Personal Services (USA)

4. WEAV - Software Application (USA)

5. PCT - Pollution & Treatment (USA)

6. LZ - Specialty Business Service (USA)

7. PLTR - Software Infrastructure (USA)

8. ARAY - Medical Devices (USA)

9. BORR - Oil & Gas (Bermuda)

10. MOMO - Internet Content & Information (China)

11. FSLY - Software Application (USA)

ROVR - Personal Service (USA)

SOFI - Credit Services (USA)

WW - Personal Services (USA)

WEAV - Software Application (USA)

PCT - Pollution & Treatment (USA)

LZ - Specialty Business Service (USA)

PLTR - Software Infrastructure (USA)

ARAY - Medical Devices (USA)

BORR - Oil & Gas (Bermuda)

MOMO - Internet Content & Information (China)

FSLY - Software Application (USA)

New Highs $20+:

1. STLA - Auto Manufacturers (USA)

2. IAS - Advertising Agencies (USA)

3. VRRM - Infrastructure Operations (USA)

4. CARS - Auto & Truck Dealerships (USA)

5. VECO - Semiconductors (USA)

6. LPG - Oil & Gas Midstream (USA)

7. BZH - Residential Construction (USA)

8. EPOL - Poland ETF (USA)

9. EWI - Italy ETF (USA)

10. UBER - Software Application - (USA)

11. RDN - Insurance (USA)

12. VST - Utilities (USA)

13. CPS - Auto Parts (USA)

14. CBOE - Financial Data & Stock Exchanges (USA)

15. OLED - Electronic Components (USA)

STLA - Auto Manufacturers (USA)

IAS - Advertising Agencies (USA)

VRRM - Infrastructure Operations (USA)

CARS - Auto & Truck Dealerships (USA)

VECO - Semiconductors (USA)

LPG - Oil & Gas Midstream (USA)

BZH - Residential Construction (USA)

EPOL - Poland ETF (USA)

EWI - Italy ETF (USA)

UBER - Software Application - (USA)

RDN - Insurance (USA)

VST - Utilities (USA)

CPS - Auto Parts (USA)

CBOE - Financial Data & Stock Exchanges (USA)

OLED - Electronic Components (USA)

_Disclaimer:

_{THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.}

_{The information contained on this website has been prepared based on publicly available information and proprietary research. The author does not guarantee the accuracy or completeness of the information provided in this document. All statements and expressions herein are the sole opinion of the author and are subject to change without notice.}

_{Any projections, market outlooks or estimates herein are forward looking statements and are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. Except where otherwise indicated, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the author undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional materials.}

_{The author, the author’s affiliates, and clients of the author’s affiliates may currently have long or short positions in the securities of certain of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.}

_{Neither the author nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. In addition, nothing presented herein shall constitute an offer to sell or the solicitation of any offer to buy any security.}