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- Last Update: 20 July 2021, 23:45
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Categories:Market Timing
Market Breadth Analysis
General Market Commentary
It all looks weaker but still calm, however, below the surface there is pain (small caps -5% for the week).
We are either going to have a sharp drop or sharp rise, and maybe both. Uncertain. Cash is my friend.
I am not buying a dip, but I do plan on buying the turnaround.
Correction watch: Expecting more weakness but not a collapse.
To track holdings/buys/sells for the ARK funds:
https://docs.google.com/spreadsheets/d/1xMnn8lz5lVQTxfa1QyITCpOP3KUELvAfuhfY-wAcfb0/edit#gid=184082714
Consider these ETFs: cash or maybe TLT
Chart comments:
101 Buy-and-Holders: bullish but rolling over?
102 Investors: bullish, but weaker
103 Swing Traders: turning bearish
105 Storm Track: ST bearish
106 Aggressive?: bearish
107 Defensive?: up = bearish
108 Top?: local top in process but only minor drop expected w/o VIX signaling
109 Bottom?: no bottom indicated
110 Intermarket: mixed
111-113: Sectors (cap weight, EW, small cap): bullish: large tech, real estate
114 Size & style: large growth
115 Factors: large, growth, domestic
116 US Dollar: turning up = bearish for foreign and commodities
400-405: Factor ETF relative strength (RS): TLT XLP XLRE/REZ XLV XLK
5XX: ETFs for reference
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"Trading in the Zone" by Mark Douglas about the mental game.
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
XLP Consumer Staples
ITB Home Construction
XRT Retail
PEJ Leisure: HLT YUMC VIAC DIS
PBJ Food
Various ETFs across the energy and utilities industries (for reference only).
XLE Energy
XLU Utilities
BNO Oil
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
PDBC Commodities
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
IHI Medical devices
IBB Biotech
IHF Healthcare providers: UNH CVS ANTM CNC HCA
IHE Pharmaceuticals
Various ETFs across the technology and communications industries (for reference only).
XLK Technology
XLC Communications
SMH Semiconductors
IGV Software
ARKW Internet
$DJUSEC Electrical Equipment (cannot find a focused ETF for this)
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