Shownotes Transcript
Podcast Available on
Spotify)** | Apple Podcast) | **Amazon Music)
**Follow on **Substack Notes)
Referral Program for existing Subscribers
- When you use the “Refer a friend” link below or the “Share” button on any post, you’ll get credit for any new subscribers. Here is the link you can copy and paste into any email, text or social media platform:
“https://nyugrad.substack.com?r=1ec55c”)
- Once I launch a paywall, your referral credits earned will be retroactive immediately
Show Notes
Summary of the day
Horrible weekend of tragic actions of a few humans. As a financial Substack and podcast I am not going to get into my opinions on it. Other than saying how tragic war and conflict is and I hope it ends soon. But seeing how this has been going on since 1950s, it prob won’t end soon.
Pre-mkt as of 8:30pm NY
Make note the DOW was up 288 at Friday’s close. Will it hold onto that gain?
So on Friday…
700 point dow move from the intraday low!
We tanked on bullish job numbers at 830am, then rallied hard near the 200 day ma.
Everyone thinks this was the low and new bull into Q4.
Recent IPOs were puking while we had the 700 point reversal
10 yr still too high
Breadth
72 new highs
732 new lows
66% advancing 29% declining
82% below 50 day ma
69% below 200 day ma
Stuck out
Strong reversal amidst spiking put option activity.
Ton of jobs apparently sparked a down 200 dow move than we reversed hard off the 200 day ma area.
Only 72 new highs. 10x more new lows!!! And that is with a 700 point dow up from intraday lows.
Strong
Everything crushed Thursday bounced hard Friday.
Yields still strong
Oil bouncing
Weak
volatility
What to watch
Watch mag 7
Watch yields
Watch oil
Economic data
https://www.marketwatch.com/economy-politics/calendar)
Financial Freedom is not free, but the pursuit is worth the treasure.
This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit nyugrad.substack.com/subscribe)