The model is estimating a continued downturn in the general market.
There could be some confirmation with leveraged ETFs (see 2nd table). 2 VIX related l. ETFs (TVIX and UVXY) generated strong numbers and when the VIX gets strong the markets drops.
Note: on Monday the model has Gold with a possible recovery. (The estimated percentage changes are to today's close). So GLD may do a ~2.8%+ recovery from Friday's close and not much activity for the following 3 days.
Energies (XNG and OIL) look horrible through next Thursday. Confirmation? the leverage ETFs: DWTI, SCO, DGAZ, DTO and ERY are all inverse related to the price of oil and natural gas and they are in the top 10.
Yahoo Symbol |
Fri 13 | Mon 16 | Tue 17 | Wed 18 | Thu 19 | Average |
^INDS | -0.03% | -0.25% | -0.58% | -1.37% | 0.20% | -0.40% |
^IXCO | -0.12% | -0.44% | 0.18% | -1.27% | -0.45% | -0.42% |
^IXIC | -0.49% | -0.47% | -1.03% | -1.63% | 0.66% | -0.59% |
GLD | -3.42% | -0.63% | -0.25% | 1.32% | 0.00% | -0.60% |
^INSR | -0.10% | -1.27% | 0.08% | -1.56% | -0.27% | -0.62% |
^NBI | -1.05% | 0.05% | 0.72% | -2.15% | -0.69% | -0.62% |
^TRAN | 0.52% | 0.34% | -0.68% | -2.78% | -0.97% | -0.71% |
^GSPC | -0.70% | -0.64% | -0.83% | -1.30% | -0.31% | -0.76% |
^IXTC | -0.16% | -0.67% | -0.96% | -1.29% | -0.76% | -0.77% |
^RUT | -0.79% | -0.15% | -1.86% | -2.01% | -0.07% | -0.97% |
^XNG | -2.15% | -1.31% | -2.53% | -4.48% | -2.20% | -2.53% |
OIL | -4.12% | -1.88% | -3.34% | -4.73% | -4.98% | -3.81% |
Top 10 L. ETFs.
Symbol |
Fri 13 | Mon 16 | Tue 17 | Wed 18 | Thu 19 | Average |
TVIX | 5.18% | 13.13% | 5.53% | 19.05% | 15.88% | 11.76% |
dwti* | 0.63% | 12.32% | 13.07% | 13.31% | 13.05% | 10.48% |
UVXY | 3.83% | 14.98% | -0.09% | 12.76% | 16.22% | 9.54% |
SCO | 9.05% | 5.25% | 6.99% | 10.36% | 5.13% | 7.35% |
dgaz* | 4.46% | 7.24% | 4.95% | 4.26% | 11.80% | 6.54% |
DTO | 8.60% | 2.70% | 5.14% | 6.49% | 7.46% | 6.08% |
ERY | 3.44% | 4.21% | 6.92% | 11.90% | 2.81% | 5.86% |
RUSS | 0.36% | 8.06% | 2.39% | 2.22% | 13.79% | 5.36% |
TZA | 0.97% | 5.88% | 8.53% | 9.58% | 1.26% | 5.24% |
DSLV | -0.19% | 1.29% | 5.74% | 5.26% | 9.48% | 4.31% |
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