[PLUS] Weekly Momentum Report & Takeaways
December 13, 2021
Macro Universe:
- This week, our macro universe was in the green as 79% of our list closed higher with a median return of 2.45%.
- Lumber $LB was a massive winner again, closing out the week up more than 17%.
- The biggest loser was the Volatility Index $VIX, with a weekly loss of -39.06%.
- There was a 13% gain in the percentage of assets on our list within 5% of their 52-week highs – this reading is currently at 51%.
- Only 13% of our list made new 4-week lows, compared to 64% last week.
- Meanwhile, only 15% of our list made new 4-week highs.
- The median asset in our macro universe is 4.5% below its 52-week highs (6.2% last week).
- 40% of our macro universe closed higher than their prior week's high.
- Only 38% of our list is in a bullish momentum regime (no change from last week).
International Universe:
- Our International Equities universe was positive across the board this week as 92% of our list closed higher with a median return of 2.61%.
- Turkey $TUR was the leader this week with a 6.53% gain.
- Russia $RSX was the biggest loser this week, dropping -2.65%.
- There was a 17% gain in the percentage of assets on our list within 5% of their 52-week highs – currently at 31%.
- The median asset in our international universe ticked closer to a 52-week high (now 8.4% versus 10.3% last week).
- 23% of our list is in a bullish momentum regime (no change from last week).
- 12% of our list made fresh 4-week highs, 11% made new 13-week highs, and 8% made new 52-week highs.
- BRIC $BKF posted a bullish reversal week.
US Sector Universe:
- Our sector universe had a strong week as 98% of our list closed higher with a median return of 3.10%.
- Small Cap Energy $PSCE was the big winner, closing with a 9.58% gain.
- On the flip side, the week's biggest loser was Mid Cap Telecommunication which dropped by -1.06%.
- 21% of our sector list made fresh 4-week highs, 21% made new 13-week highs, and 11% made new 52-week highs.
- The percentage of assets on our list within 5% of their 52-week highs went up from 28% to 60%.
- 47% of our sector universe closed higher than their prior week's high.
- 53% of our list is in a bullish momentum regime (no change from last week).
- Equal Weight Technology $RYT posted a bullish reversal week.
US Industry Universe:
- Our Industry universe was up big this week, with 93% closing higher with a median return of 3.07%.
- This week's biggest winner was Oil Services $OIH which gained 9.51%.
- The biggest loser this week was Pharmaceuticals $XPH which dropped -1.82%.
- 7% of our industry list made fresh 4-week highs, 13-week highs, and 52-week highs.
- Meanwhile, we saw only 7% of industry groups make fresh 4-week lows.
- The percentage of our list in a bullish momentum regime went unchanged and is currently at 51%.
- 27% of the assets on our industry list are within 5% of their 52-week highs (18% improvement from last week).
- On balance, the ETFs in our industry universe inched closer to a 52-week high. The median drawdown is now 9.8%, compared to 13.1% last week.
- 29% of our industry universe closed higher than last week's high.
That's it for this week's highlights!
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