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Show Notes

Summary of the day

* TSLA well below its 200 day

* Bitcoin and related ETFs all red

* 10 yr sticky at 3.9 - 4%

* Real estate shares red

* Oil and Nat Gas up on war and weather

Breadth

* 588 new highs

* 140 new lows

* 51% advancing 43% declining

* 26% below 50 day ma

* 34% below the 200 day ma

Stuck out

Strong

Weak

$TSLA is 3% of Nasdaq 100 and 1.7% of S&P500. It is becoming the next Blackberry. Hertz is selling off 20k EVs and Tesla cars are 80% of that. Not a huge number but Model 3 from Hertz are listed at $17k. After rebates $14k. Seems everyone including Tesla are cutting prices.

What to watch

Earnings have begun

Watch bitcoin related

Watch mag 7

Watch yields

Economic data

https://www.marketwatch.com/economy-politics/calendar

Financial Freedom is not free, but the treasure is worth the pursuit.

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Podcast EP 118 Frigid Week Inbound (Jan 12, 2024) 31:24 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 118 Frigid Week Inbound (Jan 12, 2024)