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- Last Update: 14 May 2022, 23:30
Market Breadth Analysis
General Market Commentary
Chart 103 shows failed bullish positive divergence from last week but a start on a potential bounce.
Really expecting a good bounce soon (but also expecting a lower low later in the year).
The volatility with daily 2% moves is like a tornado in the markets. Why try to build a house in a tornado? It may be better to sit out and wait for it to end
Moving to the sidelines in periods of market volatility increases returns and reduces risk.
Statement above is from: https://allstarcharts.com/markettimingishard/
There are times to focus on making money and go all in.
There are times to focus on not losing money and get out.
Which time do you think we are in?
101 Buy-and-Holders: long term weakening
102 Investors: intermediate term bearish
103 Swing Traders: short term bearish
104 Storm Track: (micro term changes too quickly)
105 Aggressive?: bearish
106 Defensive?: neutral
107 Intermarket: (scary)
108 Top?: not applicable right now
109 Bottom?: bottom not identified yet
110 Summary: looks like bearish churning to me
111-113: Sectors (cap weight, EW, small cap)
114-119: various other views of the markets
401-405: Factor ETF relative strength (RS)
5XX: ETFs for reference
Note: Profile says PRO but I am an engineer. Updates on weekends.
"It is enough to identify prevailing conditions and respond to them as they change, without any need to predict." -- John Hussman
All information is strictly for education. ........................................................................................................................
Various ETFs across the consumer industries (for reference only).
XLY Consumer Discretionary: AMZN TSL HD MCD
XLP Consumer Staples: PG KO PEP WMT COST PM MO
ITB Home Construction: DHI LEN NVR PHM HD
XRT Retail: (EW)
PEJ Leisure: BKNG DIS MCD SBUX
PBJ Food: KDP STZ SBUX HSY KHZ
Various ETFs across the energy and utilities industries (for reference only).
AMLP Energy infrastructure (pipelines)
IEZ Oil Equipment and Services: SLB HAL BKR HP
XOP Oil Exploration and Production: DVN PE MPC OXY
PBW Renewable Energy
Various ETFs across the finance and real estate industries (companies for reference only since they change over time).
XLF Financial: BRK/B JPM BAC WFC C
XLRE Real estate: AMT PLD CCI EQIX SPG
KRE Regional banks: SIVB RF FRC TFC FITB
KIE Insurance: AIG AFG CB TRV L
MORT Mortgage REIT: NLY AGNC STWD NRZ
REZ Residential REIT: WELL PSA EQR AVB VTR ESS
$DJUSAG Asset Managers (was not able to find a focused ETF): STT BLK TROW JEF BX APO MS
$DJUSSF Consumer finance (was not able to find a focused ETF): WU COF AXP SLM OMF
IYG Financial services: JPM V MA BAC WFC C
Various ETFs across the healthcare industries (for reference only).
XLV Healthcare: JNJ UNH PFE TMO
IHI Medical devices: TMO ABT DHR MDT
IBB Biotech: AMGN MRNA GILD REGN
IHF Healthcare providers: UNH CVS ANTM CNC HCA
IHE Pharmaceuticals: JNJ PFE MRK ELAN
Various ETFs across the technology and communications industries (for reference only).
$DJUSEC Electrical Equipment (cannot find a focused ETF for this)
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