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- Votes: 260
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- Last Update: 20 July 2021, 23:45
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:
Consider these ETFs: cash or maybe TLT
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
"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
PEJ Leisure: HLT YUMC VIAC DIS
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).
IHI Medical devices
IHF Healthcare providers: UNH CVS ANTM CNC HCA
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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