[PLUS] Weekly Momentum Report & Takeaways

From the desk of Steve Strazza @Sstrazza

Check out this week's Momentum Report, our weekly summation of all the major indexes at a Macro, International, Sector, and Industry Group level.

By analyzing the short-term data in these reports, we get a more tactical view of the current state of markets. This information then helps us put near-term developments into the big-picture context and provides insights regarding the structural trends at play.

Let's jump right into it with some of the major takeaways from this week's report:

* ASC Plus Members can access the Momentum Report by clicking the link at the bottom of this post.

Macro Universe:

• This week, our macro universe was negative, with 55% of our list closing lower with a median return of -0.11%.
• The 30-Year Yield $TYX was the winner, closing with an 8.32% gain.
• The biggest loser was the Volatility Index $VIX, with a weekly loss of -7.74%.
• There was no change in the percentage of assets on our list within 5% of their 52-week highs – currently at 2%.
• 15% of our macro list made fresh 4-week highs, and 9% made new 13-week highs.
• Meanwhile, 43% of our list made fresh 4-week lows.
• The median asset in our macro universe is 16.6% below its 52-week highs (17.1% last week).
• Only 11% of assets in our macro universe closed higher than their prior week's high.
• Conversely, 34% of our list closed lower than their prior week's low.
• 68% of our list is in a bearish momentum regime (no change from last week).

International Universe:

• Our International Equities universe was green this week as 62% of our list closed higher with a median return of 0.40%.
• Brazil $EWZ was the leader with a 9.84% gain.
• Egypt $EGPT was the biggest loser, dropping by -5.15%.
• Only 3% of our international universe closed higher than their prior week's high.
• Meanwhile, 19% of our list closed lower than their prior week's low.
• There was a 1% drop in the percentage of assets on our list within 5% of their 52-week lows – currently at 13%.
• The median asset in our international universe is 20.4% below its 52-week high (20.7% last week).
• 41% of our list is in a bearish momentum regime (a 1% gain from last week).
• 10% of our international list made fresh 4-week highs, and 8% made new 13-week highs.
• On the other hand, 21% of our list made fresh 4-week lows.

US Sector Universe:

• This week, our sector universe was mixed as 60% of our list closed higher with a median return of 0.26%.
• Small Cap Energy $PSCE was the biggest winner, gaining by 4.53%.
• Large Cap Consumer Discretionary $XLY was the biggest loser, dropping by -3.35%.
• 0% of our sector universe closed higher than their prior week's high.
• On the flip side, 17% of our list closed lower than their prior week's low.
• 0% of our sector list made fresh 4-week highs.
• On the other hand, 40% of our list made fresh 4-week lows.
• There was a 2% gain in the percentage of assets on our list within 5% of their 52-week highs – currently at 6%.
• 74% of our list is in a bearish momentum regime (a 2% increase from last week).
• The median asset in our sector universe is 14.4% below its 52-week highs (17.6% last week).

US Industry Universe:

• Our Industry universe was red this week as 58% closed lower with a median return of -0.76%.
• This week's biggest winner was Oil Services $OIH, which gained 5.63%.
• Lithium & Battery Tech $LIT was the biggest loser, falling-6.39%.
• 73% of our list is in a bearish momentum regime (a 4% gain from last week).

• There was a 2% gain in the percentage of assets on our list within 5% of their 52-week lows – currently at 22%.
• The median asset in our industry universe is 22.9% below its 52-week highs (compared to 22.7% last week).
• Only 2% of our industry universe closed higher than their prior week's high.
• Meanwhile, 44% of our list closed lower than their prior week's low.
• 0% of our industry list made fresh 4-week highs.
• On the other hand, 49% of our list made fresh 4-week lows.

That's it for this week's highlights!