[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 positive, with 79% of our list closing higher with a median return of 1.55%.
• Oil $CL was the winner, closing with a 4.40% gain.
• The biggest loser was The Volatility Index $VIX, with a weekly loss of -14.67%.
• There was a 9% gain in the percentage of assets on our list within 5% of their 52-week highs – currently at 15%.
• 4% of our macro list made fresh 4-week highs.
• Meanwhile, 15% of our list made fresh 4-week lows.
• The median asset in our macro universe is 10.2% below its 52-week highs (11.5% last week).
• 38% 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.
• 43% 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 92% of our list closed higher with a median return of 2.75%.
• China $FXI was the leader with a 6.09% gain.
• Nigeria $NGE was the biggest loser, dropping by -4.35%.
• 51% of our international universe closed higher than their prior week's high.
• Meanwhile, 3% of our list closed lower than their prior week's low.
• There was a 10% gain in the percentage of assets on our list within 5% of their 52-week highs – currently at 25%.
• The median asset in our international universe is 11.3% below its 52-week high (12.9% last week).
• 63% of our list is in a bullish momentum regime (no change from last week).
• 22% of our international list made fresh 4-week highs.
• On the other hand, 5% of our list made fresh 4-week lows.

US Sector Universe:

• This week, our sector universe was positive, with 79% of our list closing higher with a median return of 1.84%.
• Small Cap Energy $PSCE was the biggest winner, gaining by 7.87%.
• MidCap Telecom was the biggest loser, dropping by -2.37%.
• 40% of our sector universe closed higher than their prior week's high.
• On the flip side, 6% of our list closed lower than their prior week's low.
• 15% of our sector list made fresh 4-week highs.
• On the other hand, 21% of our list made fresh 4-week lows.
• There was a 5% gain in the percentage of assets on our list within 5% of their 52-week highs – currently at 26%.
• 28% of our list is in a bearish momentum regime (no change from last week).
• The median asset in our sector universe is 7.6% below its 52-week highs (9.7% last week).

US Industry Universe:

• Our Industry universe was green this week as 82% closed higher with a median return of 3.28%.
• This week's biggest winner was Copper Miners $COPX, which gained 9.94%.
• Regional Banks $KRE was the biggest loser, which dropped -2.11%.
• 33% of our list is in a bearish momentum regime (no change from last week).
• There was an 11% gain in the percentage of assets on our list within 5% of their 52-week highs – currently at 22%.
• The median asset in our industry universe is 12.5% below its 52-week highs (compared to 16.3% last week).
• 51% of our industry universe closed higher than their prior week's high.
• Meanwhile, 11% of our list closed lower than their prior week's low.
• 20% of our industry list made fresh 4-week highs.
• On the other hand, 18% of our list made fresh 4-week lows.

That's it for this week's highlights!