The SPY(SPDR… S&P500 ETF)… is Trending DOWNWARD – MINUS 5.57 for the week ending 09/08/2023.
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The SPY(SPDR… S&P500 ETF)… is Trending DOWNWARD – MINUS 5.57 for the week ending 09/08/2023.
Featured in the Commentary Section – in my LinkedIn MAG Commentary NL: Greg Mannarino-LIVE! FDIC Admits "BANKS ARE IN TROUBLE." Get Your Cash OUT! Mannarino
The SPY(SPDR… S&P500 ETF)… is Trending DOWNWARD – MINUS 5.57 for the week ending 09/08/2023.
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Featured in the Commentary Section – in my LinkedIn MAG Commentary NL:
Greg Mannarino-LIVE! FDIC Admits "BANKS ARE IN TROUBLE." Get Your Cash OUT! Mannarino
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Subscribe to my free weekly MAG Commentary on LinkedIn
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NOT Investment Advice! –
ONLY intended for educational purposes.
Do your own DD and invest at your own risk tolerance.
I may buy and sell, some, most, or all of the positions in my FOMO (fear of losing out) from time to time!
I look at the list as a sort of “long term” holding thing – but THAT can change depending on geopolitical events, global market conditions, health (or lack thereof) of the individual equity/ETF – or my own personal circumstances.
For Paid Subscribers: The FOMO List and DD Sources section is at the very bottom of the “Paid Subscriber” newsletter issues!
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The Market Algo Newsletter
I am not an investment advisor. Any financial information is for educational purposes only – NOT investment advice!
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The SPY(SPDR, S&P500 ETF), is Trending DOWNWARD – MINUS 5.57 for the past week ending on 09/08/2023.
In our opinion – not investment advice – The Bears - yet again - WILL rule for the trading week ending 09/15/2023!
Be Aware – Be Awesome –
To not miss out on the rapid changes in market trends – subscribe to our weekly MAG Newsletter!
For the upcoming trading week, ending on 09/15/2023, our proprietary algo forecasts the following potential trend for each of the following metrics – either Bullish or Bearish:
VIX index: Bearish!
VVIX index: Bearish!
SPY index: Bearish! - swing traders and day traders –
Take Note of This!
West Texas Intermediate – Crude Oil: Bullish!
QQQ: Bearish!
Copper: Bearish!
And of course, the VIX – SPY Correlation Variance” – Right on cue – Bearish! –
Conservative traders & “Investors” – Take Note of This!
So what?
So for the next week – the ongoing Bear market will yet again – manifest for the week ahead!
Be nimble in trading this market- You do NOT want to be a bag holder when this rally ends!
Our conclusion for the week ahead is that – our algo indicates that the Bears – at least for the week ahead – are yet again in control.
The Takeaway:
Our SPY-VIX Correlation Variation metric - – confirms - at least from a purely technical point of view (notwithstanding “Fed manipulation” monkey business) - this coming week’s bearishness!
In our opinion massive global bank runs are still ongoing- notwithstanding the massive printing of fiat money to “stem the run on banks”.
This is – of course - NOT investment advice – but fasten your seat belts - a bumpy ride awaits!
Swing traders and day traders will make money – the traders that are not nimble will be crushed, in our opinion!
For the past few months, we have been saying that we are entering a global depression, not so much a recession!
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We do not think we have seen the bottom.
Keep in mind, Volatility is still very much with us!
Indeed, The Bear Market is still very much still with us, as well!
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Please note, Concerning our “VIX, SPY correlation-variance ” metric -
IF the VIX is trending DOWN. And the SPY is trending UP, for the most recent week of trading…then and only then will our VIX, SPY correlation-variance algo indicate a potential Risk-on, (Bullish) trend,… for the upcoming week,…
This indication of a potential Bullish trend, however, only happens,…currently,…on a very infrequent basis!...
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The following information is for Paid Subscribers to The Market Algo Newsletter only:
FOMO List and DD Sources (at the bottom of this newsletter for paid subscribers only)
Please read the FULL DISCLOSURE notice at the very top of every issue of The Market Algo Newsletter (NL)!
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For paid subscribers:
My list (not inclusive) of my Due Diligence (DD) sources follows Only available to Paid Subscribers!
https://finance.yahoo.com
https://koyfin.com
https://americanbulls.com
https://stocktwits.com
https://barchart.com
https://macroaxis.com
https://armrreport.com/
https://finviz.com
https://themarketanalysts.com/
FULL DISCLOSURE: I subscribe to:
https://stockreversalspremium.com/
FULL DISCLOSURE: I subscribe to Howard Lindzon’s free newsletter:
https://howardlindzon.com
My FOMO List – I am NOT an investment advisor – NOT investment advice! Do your own DD!
Symbol Quantity I own Avg Price Remarks (may not be any remarks)
AOSL 10 59.93 Alpha & Omega Semiconductor Ltd = Semi stock
ASML 8 733.95 ASML Holding N.V. - semiconductor equipment systems - VERY LONG TERM HOLDING!
BABA 2 126.00 Alibaba Group Holding Ltd
BLDR 5 64.80 Builders FIrstSource, Inc
CORN 5 22.70 Teucrium Corn Fund
DBA 5 20.16 Invesco DB Agricultural Fund
DVN 5 51.00 Devon Energy Corporation (pays a Dividend)
ESTE 100 13.20 Earthstone Energy, Inc - VERY Volatile!!!
KRBN 5 51.70 KraneShares Global Carbon ETF - carbon Credits ETF
NVDA 12 312.83 Nvidia Corporation - volatile!
ON 13 70.08 ON Semiconductor Corporation = semi stock
PDCE 5 59.80 PDC Energy, Inc - energy
RJA 5 8.93 ELEMENTS-linked2Rogers Intl Commodity Index - Agricultural Total Return
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