Watching the last 15 minutes was like waiting for the boulder to come crashing down!

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Show Notes

Summary of the day

10 yr rising in the am. 4.22% vs 4.1% on Fri.

Builders sell off

Rug pull last 15 min

Breadth

* 150 new highs

* 247 new lows

* 23% advancing 73% declining

* 63.5% below 50 day ma

Stuck out

Home builders

Consumers line up to save $5-6 on gas

https://youtube.com/shorts/bFZNZFXE2lE

#airbnbust $ABNB bust update on housing

Types of buyers today

* All cash

* No mortgage on existing home and downsizing

* Millenials who can afford a 5.5% new home builder rate buy down

@Adam Taggart

Watch the 50 day ma

3:55pm rug pull. But if you follow breadth it would have told you mid day that there was weaknes. And it would have kept you out or leaning to the downside.

Magnificent saved thw Nasdaq from a even worse close.

10 year treasury closed near high. Home builders near the lows.

Strong

$ABNB Being added into the S&P 500

$TSLA

Mag 7

Yields

Weak

Broad market

Russell 2000 $IWM

Mid caps $MDY

Bonds

Gold

Financials closed below 50 day ma $XLF

What to watch

Watch mag 7

Watch yields

Economic data

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

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Podcast EP 42 Temple of Doom (Sep 5) 14:50 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 42 Temple of Doom (Sep 5)