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Show Notes
Summary of the day
* Dow and Russell lost all of the pop
* S&P lost half the pop
* Nasdaq lost 1/3 of the pop
* Breadth was flat then weak into close
* Today was simply a deadcat bounce trying to toy with the 200 day ma
* markets in trouble until breadth isnt horrendous like today and every past day
Breadth
* 45 new highs
* 1,310 new lows!!!
* 30% advancing 65% declining
* 83% below 50 day ma
* 73% below 200 day ma
Stuck out
We closed 1 pt away from my prediction of 4240 on ES
Strong
Define strong? a few mega caps were up 1% to hold the markets up
Weak
Financials
Real estate
Energy
What to watch
Watch mag 7
Watch yields
Earnings
Economic data
https://www.marketwatch.com/economy-politics/calendar
Financial Freedom is not free, but the pursuit is worth the treasure.
