Wednesday October 13th, 2021 Newsletter - free
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Table Of Contents:
1. General Market Analysis: SPX and Other Major Indices
2. Indicators and Bonds (TLT/JNK)
3. Major Sectors
4. US Dollar, Commodities, Precious Metals and GDX and individual names
5. Trade Ideas - I added a few setups and the precious metal setups have been SWEET!
Quick Notes: The market held in once again, despite a little weakness in the morning, with all the major indexes closing positive for the day. The SPX rallied near a 61.8% Fib retracement zone, which was a positive. A pattern I'm monitor for the SPX is a potential diamond or sloppy inverse H&S pattern. Otherwise the onus is still on the Bulls.
Precious metals and stocks had a great day! Congrats if you bought some of these setups that I've been showing for nearly two weeks such as HMY, IAG, SLIJ, etc. The stocks have been leading the metal for over a week, which was bullish.
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| Major Indexes | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
|---|---|---|---|---|---|
| Dow Jones | INDU - W | DIA - W | 0.00% | -1.06% | 34,377.81 |
| S&P 500 | SPX - W | SPY - W | 0.30% | -0.63% | 4,363.80 |
| Wilshire 5000 | WLSH - W | 0.44% | -0.27% | 45,531.00 | |
| Nasdaq | COMPQ - W | 0.73% | -0.05% | 14,571.64 | |
| NDX 100 | NDX - W | QQQ - W | 0.77% | -0.31% | 14,774.60 |
| Russel 2000 (Small Caps) | IWM - W | 0.47% | 0.45% | 222.57 |
| Market Sectors | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
|---|---|---|---|---|---|
| Transports | TRAN - W | IYT - W | -0.09% | 0.48% | 14,710.53 |
| Banks | BKX - W | -0.77% | -2.17% | 133.42 | |
| Financials | XLF - W | -0.57% | -1.87% | 38.29 | |
| Brokers | XBD - W | -0.37% | -1.65% | 480.58 | |
| XLE (Energy Select) | XLE - W | -0.09% | -0.37% | 56.36 | |
| Oil Service Holders | OIH - W | 0.59% | 1.52% | 217.30 | |
| Technology | XLK - W | 0.61% | -0.46% | 151.26 | |
| Semiconductor | SOX - W | SMH - W | 0.46% | -1.65% | 3,192.75 |
| Communication Services | XLC - W | 0.47% | -1.96% | 79.39 | |
| Retail | XRT - W | 0.72% | -0.43% | 90.45 | |
| Consumer Staples | XLP - W | 0.19% | 0.20% | 70.19 | |
| Consumer Discretionary | XLY - W | 0.49% | 0.88% | 184.23 | |
| Industrials | XLI - W | 0.21% | -0.92% | 100.02 | |
| Real Estate | IYR - W | 0.70% | 2.35% | 105.76 | |
| Homebuilders | HGX - W | XHB - W | 0.73% | 1.24% | 452.56 |
| Materials | XLB - W | 0.75% | 0.90% | 81.91 | |
| Metals And Mining | XME - W | 1.46% | 3.37% | 43.88 | |
| Biotechnology | BTK - W | XBI - W | -0.46% | -0.53% | 5,571.52 |
| Healthcare | XLV - W | 0.16% | -1.10% | 125.54 | |
| Drugs | DRG - W | 0.39% | -0.77% | 737.59 | |
| Utilities | UTIL - W | XLU - W | 1.22% | 0.61% | 890.14 |
| Currencies | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
|---|---|---|---|---|---|
| US Dollar | UUP - W | -0.55% | -0.16% | 25.23 | |
| Euro | XEU - W | FXE - W | 0.56% | 0.19% | 115.95 |
| Yen | XJY - W | FXY - W | 0.27% | -0.93% | 88.27 |
| Australian | XAD - W | FXA - W | 0.36% | 0.94% | 73.78 |
| British Pound | XBP - W | FXB - W | 0.52% | 0.28% | 136.57 |
| Chinese Yuan | CYB - W | 0.63% | 0.29% | 28.09 | |
| Canadian Dollar | CDW - W | FXC - W | 0.16% | 0.22% | 80.35 |
| Swiss Franc | XSF - W | FXF - W | 0.72% | 0.47% | 108.20 |
| Cryptocurrencies | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
|---|---|---|---|---|---|
| Bitcoin | BTCUSD - W | 1.84% | 4.28% | 57,043.98 | |
| Bitcoin Cash | BCHUSD - W | 0.27% | 0.62% | 589.08 | |
| Etherium | ETHUSD - W | 2.53% | 4.75% | 3,578.91 | |
| Monero | XMRUSD - W | -1.09% | 1.28% | 274.06 | |
| Litecoin | LTCUSD - W | 2.09% | 0.73% | 176.20 | |
| Ripple | XRPUSD - W | 0.73% | -2.29% | 1.11 |
| Commodities | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
|---|---|---|---|---|---|
| Commodities | DBC - W | 0.57% | 1.24% | 21.28 | |
| Crude Oil | WTIC - W | USO - W | -0.25% | 1.37% | 80.44 |
| Gasoline | GASO - W | 0.69% | 1.66% | 2.35 | |
| Natural Gas | NATGAS - W | UNG - W | 1.54% | 0.45% | 5.59 |
| Copper | COPPER - W | JJCB - W | 4.40% | 5.63% | 4.52 |
| Agriculture | DBA - W | -1.55% | -1.85% | 19.05 | |
| Corn | CORN - W | CORN - W | -1.96% | -3.44% | 512.25 |
| Wheat | WHEAT - W | WEAT - W | -2.08% | -2.08% | 718.75 |
| Coffee | JO - W | -2.62% | 3.45% | 57.33 | |
| Sugar | CANE - W | -0.68% | -1.42% | 9.52 |
| Precious Metals | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
|---|---|---|---|---|---|
| Gold Metal | GLD - W | 1.78% | 2.05% | 167.59 | |
| Silver | SLV - W | 1.91% | 1.81% | 21.33 | |
| Platinum | PPLT - W | 1.05% | -0.38% | 95.30 | |
| Palladium | PALL - W | 2.51% | 1.53% | 196.48 | |
| GDX Gold Miners ETF | GDX - W | 3.24% | 4.83% | 32.15 |
| Bonds | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
|---|---|---|---|---|---|
| High Yield Corporate Bond | HYG - W | 0.27% | 0.14% | 86.88 | |
| TLT 20 Year Bond ETF | TLT - W | 0.97% | 2.44% | 145.34 | |
| 10 Year Treasury Yield | TNX - W | -1.96% | -3.49% | 15.49 | |
| 30 Year Treasury Yield | TYX - W | -3.09% | -5.60% | 20.41 |
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| Release | ET | For | Trading Impact | Forecast | Consensus | Prior |
|---|---|---|---|---|---|---|
| Oct 12 | ||||||
| NFIB Small Business Optimism | 06:00 | Sep | Low | NA | NA | 100.1 |
| JOLTS - Job Openings | 10:00 | Aug | Low | NA | NA | 11.098M |
| Oct 13 | ||||||
| MBA Mortgage Applications Index | 07:00 | 10/09 | Low | NA | NA | -6.9% |
| CPI | 08:30 | Sep | High | 0.3% | 0.3% | 0.3% |
| Core CPI | 08:30 | Sep | High | 0.3% | 0.3% | 0.1% |
| FOMC Minutes | 14:00 | Sept | Medium | NA | NA | NA |
| Oct 14 | ||||||
| PPI | 08:30 | Sep | High | 0.6% | 0.6% | 0.7% |
| Core PPI | 08:30 | Sep | High | 0.5% | 0.5% | 0.6% |
| Initial Claims | 08:30 | 10/09 | High | 323K | 332K | 326K |
| Continuing Claims | 08:30 | 10/02 | High | NA | NA | 2.714M |
| EIA Natural Gas Inventories | 10:30 | 10/09 | Low | NA | NA | +118 bcf |
| EIA Crude Oil Inventories | 11:00 | 10/09 | High | NA | NA | +2.35M |
| Oct 15 | ||||||
| Retail Sales | 08:30 | Sep | High | -0.5% | -0.3% | 0.7% |
| Retail Sales ex-auto | 08:30 | Sep | High | 0.6% | 0.4% | 1.8% |
| Empire State Manufacturing | 08:30 | Oct | Low | 27.0 | 25.0 | 34.3 |
| Import Price Index | 08:30 | Sep | Low | NA | NA | -0.3% |
| Import Prices ex-oil | 08:30 | Sep | Low | NA | NA | -0.1% |
| Export Price Index | 08:30 | Sep | Low | NA | NA | 0.4% |
| Export Prices ex-ag. | 08:30 | Sep | Low | NA | NA | 0.2% |
| Business Inventories | 10:00 | Aug | Low | 0.7% | 0.7% | 0.5% |
| Univ. of Michigan Consumer Sentiment - Prelim | 10:00 | Oct | High | 73.0 | 73.5 | 72.8 |
Stock Earnings Calender:
Click here for a list of Stocks that are reporting Earnings
**Generally we never hold a position into earnings since the risk/reward is too great
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