These were the strongest markets as of the Friday Close: $TNX $XLE (NNH) $EWJ (NNH) $EWY (NNH) $EWZ (NNH).
NNH = Needs New High. You can see why I add that qualification when warranted.
Of these, TNX is the strongest, but up only 0.8 bp at this time. The Bond investors/traders are still looking for a rate hike on Weds. from the Fed.
EWJ is the next strongest, although off its Friday high.
EWZ is about level with the recent daily lows after an earlier swoon, so they "bought the dip."
XLE is just above the low of 2 days ago, but revisiting it.
No dip buyers for EWY to speak of.
Did some changes to the model over the weekend
According to the model, the best tickers for the coming session MONDAY are
#1 $USO
#2 $SOXX
#3 $EWY
#4 $SMH
However, for coming week (or so like 7days) model is BULLISH $EEM
Please note that other assets, including USO, are not yet a BUY (see image below). For example, USO has a combined total upward potential of 40% from current levels, with a maximum possible short-term downside shock of 20% in the upcoming sessions
Market regime is BEARISHxDay2, however, $SOXL (Friday Best) is still in RECOVERYxDay2
$USO has now switched to RECOVERY from EXPONENTIAL
$REMX (Friday worse) is still in STA+
My model is BULLISH following ETFs among top 256 by AUM for MONDAY only:
REC+ $PBUS (#2 SOXL)
REC- $EWY (#2 USO #3 SOXX #5 TQQQ #6 GDX #10 SIL)
Statistical Test: Y
EXPANDED TOP 10 PORTFOLIO (UNIQUE)]
Sample Size : 10 targets
Tickers Evaluated : DFIV, XBI, SCHD, BBCA, COWZ, DFUV, CANE, AVLV, SCHV, VHT
Mean Actual Forward Excursion : +3.80% (p-val: 0.0002) <-- (Continuous Edge)
Mean Synthetic Jump : +24.87%
Brier Score (Calibration) : 0.0006 (0 is perfect)
Info. Coef. (ρ) : 0.7091 (p-val: 0.0217)
GOD BLESS AMERICA 🇺🇸
@trader365 In case you didn't know:
Korean KOSPI Index → 50% is SamSung and $SKHY → $EWY is KOSPI → $KORU is basically 3x $EWY → SamSung and $SKHY are two biggest leaders in HBM memory so they always move together.
Market regime has now switched BEARISHxDay1, however, $USO.X (Thursday Best) has now switched from RECOVERY to EXPONENTIALxDay1
$SOXL is now switching to CONTRACTION at least on near tenors
My model is BULLISH following ETFs among top 256 by AUM for FRIDAY only
EXP- USO 🚀 & $BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA: BIL) is a clear EARLY sign of getting out of RISK ASSETs
SELL SELL SELL
If you MUST BUY something then best CONTRACTION PLAY is $EWY (CON-)
REC- $SOXX
Statistical Test: N
GOD BLESS AMERICA 🇺🇸
Market regime is now BULLISH xDay2, however, SOXL (Tuesday Best) has now switched to CONTRACTION from RECOVERY xDay1
My model is BULLISH following ETFs among top 256 by AUM for TUESDAY only
REC- $GDX $SIL
REC+ VSS
CON- $EWY $SOXX $USO.X
Statistical Test: N
