Market Performance

The market flipped back and forth on Friday. Nothing was positive, reviewing the week. The market, while we are looking for BULLISH SIGNS, we see none. Can you see anything BULLISH in the indexes? Please show me.

Officially, all 3 indexes: S&P500, Dow Jones and Nasdaq all flipped BEARISH. All have negative rolling 1 month returns. 2 of 3 have negative 3 month rolling returns. It’s bad. Individual stocks might have BULLISH SIGNS but no indexes.

Volatility Corner:

VIX / VVIX worsened! Blue up is good, blue down is bad. The blue line has a HIGH CORRELATION to overall markets. We need the blue line to hold this level. If it can’t, we are in serious trouble. You can see what happened from the peak in 2021…hopefully we aren’t peaking again.

The market reflected the drop in the blue line. This week, we ended down across all indexes over (-1.50%). Which isn’t good.

Be cautious going long. We have support to go short.

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: BULLISH Since 8/31/23🟢

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

• Future Price Path: Price to RISE Since 9/21/23🟢***

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 BULLISH Since 9/1/23🟢

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

• Future Price Path: Rise Since 9/21/23🟢***

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. UUUU - Uranium (USA 🇺🇸)

2. VIV - Telecom Services (Brazil 🇧🇷)

3. CCCS - Software - Infrastructure (USA 🇺🇸)

4. PBR - Oil & Gas Integrated (Brazil 🇧🇷)

5. LBRT - Oil & Gas Equipment & Services (USA 🇺🇸)

6. CABA - Biotechnology (USA 🇺🇸)

7. COUR - Education & Training Services (USA 🇺🇸)

8. NR - Oil & Gas Equipment & Services (USA 🇺🇸)

9. TNGX - Biotechnology (USA 🇺🇸)

10. SMFG - Banks - Diversified (Japan 🇯🇵)

UUUU - Uranium (USA 🇺🇸)

VIV - Telecom Services (Brazil 🇧🇷)

CCCS - Software - Infrastructure (USA 🇺🇸)

PBR - Oil & Gas Integrated (Brazil 🇧🇷)

LBRT - Oil & Gas Equipment & Services (USA 🇺🇸)

CABA - Biotechnology (USA 🇺🇸)

COUR - Education & Training Services (USA 🇺🇸)

NR - Oil & Gas Equipment & Services (USA 🇺🇸)

TNGX - Biotechnology (USA 🇺🇸)

SMFG - Banks - Diversified (Japan 🇯🇵)

New Highs $20+:

1. AFRM - Software - Infrastructure (USA 🇺🇸)

2. RELY - Software - Infrastructure (USA 🇺🇸)

3. VIST - Oil & Gas E&P (Mexico 🇲🇽)

4. APP - Software - Application (USA 🇺🇸)

5. VIST - Oil & Gas E&P (USA 🇺🇸)

6. SBRA - REIT - Healthcare Facilities (USA 🇺🇸)

7. LPG - Oil & Gas Midstream (USA 🇺🇸)

8. CMPR - Advertising Agencies (Ireland 🇮🇪)

9. LEU - Uranium (USA 🇺🇸)

10. SFM - Grocery Stories (USA 🇺🇸)

AFRM - Software - Infrastructure (USA 🇺🇸)

RELY - Software - Infrastructure (USA 🇺🇸)

VIST - Oil & Gas E&P (Mexico 🇲🇽)

APP - Software - Application (USA 🇺🇸)

SBRA - REIT - Healthcare Facilities (USA 🇺🇸)

LPG - Oil & Gas Midstream (USA 🇺🇸)

CMPR - Advertising Agencies (Ireland 🇮🇪)

LEU - Uranium (USA 🇺🇸)

SFM - Grocery Stories (USA 🇺🇸)

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