Shownotes Transcript
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Show Notes
Off topic recommendation:
I finished “Blue Eye Samaurai” on Netflix yesterday and I urge you to check it out. Not safe for children as some episodes have sexual explicit content. If you love great animation, great underdog story, history buff of Edo Japan, or Samurai, run and see it.
Here is a free full episode:
Rated Mature. Gore and sexual situations.
Summary of the day
9:55am this bounce is getting very stretched. Rather than a light pullback or sideways consolidation, we risk a sharp pullback
12:07pm hm rare lunchtime selloff. Usually the algos are in buy mode.
2:15pm Unless Breadth picks up, I would be suspicious of any bounces.
3:45pm $SPY vol is half of avg daily! 47m vs 83m. $QQQ volume is also down 30%
3:55pm If yields and oil bounce hard before turkey day…just a hunch
LZ from slopeofhope.com
Translation…Mega cap tech holding up the world
Breadth
130 new highs
278 new lows
38% advancing 57% declining
57% below 50 day ma
67% below the 200 day ma
Stuck out
Low volume again
Yields down
Oil down
Stocks should be up a lot higher
Something tells me big sell off sooner than later
Strong
Big tech
Real estate
Weak
What to watch
Jerome Powell on panel at IMF 2pm ET, Thursday
Watch mag 7
Watch yields
Economic data
https://www.marketwatch.com/economy-politics/calendar)
Financial Freedom is not free, but the pursuit is worth the treasure.
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