Index balancing act..

Week 2 - Weekly equity Update

At the index level, the VIX indicator still points to potential weakness ahead. Momentum and Trend levels are ~ 0.6% below Friday’s closing price.

In scoring all of the SP500 constituents I have a very granular view of the internals of the index. I have taken that and calculated a median score of all tickers. It “appears” to be quite a good indicator of top-level index strength/weakness. I am still constructing the dataset to look back further than summer 2021 but have to do it in 6 months. This could soon become one of the main indicators to trade the index.

Lots of changes and half of those came during last week.

I am still finding my feet on how best to present the data and balancing too much data with not enough.

This week I am just going to present the changes.

Tomorrow I will do a video going into the moves under the surface.

https://discord.gg/khr4uu2d

For those interested I started a discord channel. All are welcome please ask questions and share anything you think may be useful.