[PLUS] Weekly Momentum Report & Takeaways
November 14, 2022
Macro Universe:
- This week, our macro universe was positive, with 87% of our list closing higher with a median return of 3.93%.
- The S&P High Beta $SPHB was the winner, closing with an 11.26% gain.
- The biggest loser was The Volatility Index $VIX, with a weekly loss of -8.27%.
- There was no change in the percentage of assets on our list within 5% of their 52-week highs – currently at 2%.
- 81% of our macro list made fresh 4-week highs.
- Meanwhile, 6% of our list made fresh 4-week lows.
- The median asset in our macro universe is 16.1% below its 52-week highs (20.1% last week).
- 77% of our macro universe closed higher than their prior week's high.
- Conversely, 6% of our list closed lower than their prior week's low.
- 77% of our list is in a bearish momentum regime (a 10% drop from last week).
International Universe:
- Our International Equities universe was green this week as 92% of our list closed higher with a median return of 5.70%.
- Netherlands $EWN was the leader again with a 13.31% gain.
- Brazil $EWZ was the biggest loser, dropping by -9.54%.
- 89% of our international universe closed higher than their prior week's high.
- Meanwhile, 2% of our list closed lower than their prior week's low.
- There was an 11% drop in the percentage of assets on our list within 5% of their 52-week lows – currently at 6%.
- The median asset in our international universe is 19.8% below its 52-week high (25.8% last week).
- 52% of our list is in a bearish momentum regime (a 35% drop from last week).
- 89% of our international list made fresh 4-week highs.
- On the other hand, 2% of our list made fresh 4-week lows.
US Sector Universe:
- This week, our sector universe was positive, with 100% of our list closing higher with a median return of 5.50%.
- Equal Weight Cap Technology was the biggest winner, gaining 10.15%.
- 81% of our sector universe closed higher than their prior week's high.
- On the flip side, 0% of our list closed lower than their prior week's low.
- 89% of our sector list made fresh 4-week highs.
- On the other hand, 0% of our list made fresh 4-week lows.
- There was a 15% drop in the percentage of assets on our list within 5% of their 52-week lows – currently at 0%.
- 79% of our list is in a bearish momentum regime (a 10% drop from last week).
- The median asset in our sector universe is 12.4% below its 52-week highs (17.2% last week).
US Industry Universe:
- Our Industry universe was green this week as 91% closed higher with a median return of 5.58%.
- This week's biggest winner was Semiconductors $SOXX, which gained 14.95%.
- The biggest loser was MLP $AMLP, which dropped -1.66%.
- 69% of our list is in a bearish momentum regime (a 7% drop from last week).
- There was a 14% drop in the percentage of assets on our list within 5% of their 52-week lows – currently at 0%.
- The median asset in our industry universe is 17.6% below its 52-week highs (compared to 24.3% last week).
- 69% of our industry universe closed higher than their prior week's high.
- Meanwhile, 4% of our list closed lower than their prior week's low.
- 84% of our industry list made fresh 4-week highs.
- On the other hand, 0% of our list made fresh 4-week lows.
That's it for this week's highlights!
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