03/07/2020 Weekend Update

[Cobra]

Up 1 week, the next week has 78% chances to make a higher high which in our nowadays' case means huge rebound the next week. Well, I hope it's true, let's see.

[Heck]

Markets YTD

Gold: 10.24%
Bonds: 4.91%
Euro: 0.66%
US Dollar: 0.17%

[Heck]

Sectors YTD

Utilities [3.8%]

[Heck]

Dow YTD

Home Depot [4.6%]
Microsoft [2.4%]
McDonalds [0.7%]

[Heck]

SPY YTD

Regeneron [31.7%]
Gilead [23.5%]
L Brands [22.7%]
Newmont Mining [20.5%]
Rollins [19.9%]
SBA [18.4%]
Ball [17.6%]
American Water [14.8%]
Netflix [14%]
WEC Energy [13.4%]
Eversource Energy [13.2%]
NVIDIA [13.1%]
Crown Castle [13.1%]
Albemarle [13.1%]
Clorox [12.8%]
ServiceNow [12.4%]
NextEra Energy [12.3%]
Lennar [12.1%]
T-Mobile US [12%]
Progressive [11.2%]
Ameren [11.2%]
Jack Henry [10.9%]
MSCI [10.8%]
Kroger Co [10.5%]
Pinnacle West [10.5%]
Equifax [10%]
Xcel Energy [9.9%]
Verisk Analytics [9.4%]
Motorola [9.2%]
DaVita [9.1%]

[Heck]

QQQ YTD

Tesla [68.1%]
Regeneron [31.7%]
Gilead [23.5%]
JD.com [19.6%]
CoStar [18.5%]
Netflix [14%]
NVIDIA [13.1%]
T-Mobile US [12%]
BioMarin [11.3%]
Xcel Energy [9.9%]
NetEase [9.6%]
Verisk Analytics [9.4%]
Mercadolibre [7.4%]
Biogen [7.1%]
Vertex [6.6%]

[Heck]

OEX YTD

Gilead [23.5%]
Netflix [14%]
NVIDIA [13.1%]
NextEra Energy [12.3%]
Duke Energy [8.6%]
Eli Lilly [7.6%]
Biogen [7.1%]
Costco Wholesale [5.9%]
Colgate-Palmolive [5.3%]
Southern [4.9%]
Home Depot [4.6%]
Amazon.com [2.9%]
Philip Morris [2.5%]
PayPal [2.5%]
Charter [2.4%]

[Heck]

MID YTD

Taubman Centers [66.3%]
SolarEdge [40.4%]
Legg Mason [38.5%]
Etsy [36.9%]
New York [16.5%]
Patterson [16.5%]
CoreLogic [15.1%]
Trex [14.7%]
Dominos Pizza [14.6%]
Brown & Brown [14.4%]
Mercury Systems [14.3%]
Masimo [14%]
First American [13.8%]
Realty [13.6%]
Service [12%]

[Heck]

IWM YTD

Inovio [321.2%]
Novavax [212.3%]
Aduro BioTech [172.5%]
Community Health [79.5%]
Acceleron Pharma [72.2%]
Teladoc [62%]
Consolidated [58.5%]
Momenta [57.5%]
Opko Health [57.5%]
Cinnati Bell [51.4%]
GAIN Capital [51.1%]
La Jolla [49.4%]
Vivint Solar [48.1%]
Stamps.com [47.7%]
Sunrun [46.4%]

[Heck]

Global Markets YTD

Taiwan [-6.7%]
China [-7.8%]
Canada [-8.8%]
Mexico [-9.9%]
Emerging Markets [-10.6%]
Korea [-10.7%]
All World Ex-US [-10.7%]
Developed Markets [-11.1%]
Japan [-11.3%]
Europe [-11.3%]
Germany [-11.5%]
Asia-Pacific [-11.6%]
Australia [-12.4%]
France [-12.8%]
United Kingdom [-15.1%]
India [-15.3%]
Russia [-17.4%]
South Africa [-18.5%]
Latin America [-22.3%]
Brazil [-26.2%]

[Heck]

SPY Dividend Yield 1.9 %

Ten Year TIPS
Negative Yield

https://fred.stlouisfed.org/series/DFII10

Money seeks highest return

[Heck]

Chicago market maker caught in infamous gamma short squeeze, which forced them to keep buying the VIX as the VIX soared to 54.39 edit
In the process ending the VIX even higher, only to get margin called out of their position by their clearing firm
Puking their entire position while liquidating anything they could
Unleashing VIX selling avalanche and 700 Dow point rally

Market safety release valve => Market meltup

[QED]

Chicago market maker caught in infamous gamma short squeeze, which forced them to keep buying the VIX as the VIX soared
In the process ending the VIX even higher, only to get margin called out of their position by their clearing firm
Puking their entire position while liquidating anything they could
Unleashing VIX selling avalanche and 700 Dow point rally

Market safety release valve => Market meltup

LINK:

"Someone Big Was Utterly Blown The F**k Out": Here's The Reason Behind Today's Unprecedented VIX Move

https://www.zerohedge.com/markets/someo ... d-vix-move

.

[Al_Dente]

Oil is at a multi-year low

[Al_Dente]

Transports were likewise hit hard
Worst is the airlines (cyan)

[Al_Dente]

Sector performance shows that HEALTHCARE (orange) got the biggest bounce today.
It’s rare to see anyone better than TECH (black), but it’s certainly understandable as HEALTHCARE just got a free gift of $8.3 billion from the U.S. taxpayers.
That pales in comparison to the $700 billion taxpayer bailout of the banks in late 2008, but the crisis is still young.

[Al_Dente]

So, HEALTHCARE may just be the "cleanest dirty shirt"
The internal breadth measures are not very encouraging ... yet...

[Al_Dente]

These nine companies are working on coronavirus treatments or vaccines:
https://www.marketwatch.com/story/these ... 2020-03-06

[SPOILER: The biggest stock spike can be seen in INO]

[BullBear52x]

From " It is what it is Department" Key focus Bottoming or Crash?. chance is high we might get a crash. but the Friday action told me two things, 1. Capitulation, scarily shake out, a bullish contrarian view and 2. bullish reversal candle in the form of a Hammer, bullish candle. "IF" TRIN were to be below 1, I would take this as a very bullish sign, rip your face off rally to follow on Monday. since TRIN >1, bottom shoppers will have to wait a little more not to be too aggressive on the buy the dipper.

Longer term on the bigger picture, I think we are bottoming, see volume spike same level as December low if not bottom we will go sideways in a bearish consolidation phase for a while, a Fib measurement from December Low to current High, it is clear 50% support line is strong, if we lose 61.8% support then I think we are going into a bear market.

For the shorter term look using Fib measurement on last leg down, here is clear bears are in a driver seat. until we can regain strength above 61.8%.

Well, clear as mud eh? short term trend is down. Going into next week, believe it or not, it will very easy to trade and tell. By Monday before market open a positive open I will be a buyer or a weak open I will hop on the south train, crashing here we come,keep it simple. trade well, Peace!

[Al_Dente]

KEEP AN EYE OUT FOR THIS.
It went a bit under the radar, but would obviously be a game changer.
POST if you see any more reference to this:
"The Fed should buy stocks"
Last week: Janet Yellen
Friday, 3/6, Boston Fed's Rosengren