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“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

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Show Notes

Summary of the day

When you see everyone drunk on euphoria and comingling on one side of the boat including the crew, you must stay focused on the threat of icebergs.

These ratio charts compare SMH to Nasdaq 100 and the SPY. As you can see we are challenging the yr 2000. And it took a mountain of debt to get there.

Look at the cost to get to these nosebleed levels:

Regarding Jobs:

The last time we had 12 consecutive months of negative revisions to jobs reports was 2008. Back then it was -65k on avg negative revision.

In 2023 we hit negative 43k on avg per month of negative revisions.

(Source Danielle DiMartino Booth ) The Bureau of Labor Statistics.

81% of job growth was govt jobs for 12 months through December 2023.

https://www.youtube.com/live/ZWgH-H8-fjo

I realize this has nothing to do with todays price action. But it is important to never lose sight of the Forest.

Breadth

* 1051 new highs

* 292 new lows

* 70% advancing 25% declining

* 31% below 50 day ma

* 36% below the 200 day ma

Stuck out

Bulls win again

Strong

Weak

What to watch

Jan 31 FOMC

Watch mag 7

Watch yields

Economic data

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

Earnings

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

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Podcast EP 123 Stay Focused Daniel-San (Jan 22) 12:47 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 123 Stay Focused Daniel-San (Jan 22)