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Show Notes
Summary of the day
YTD laggards outperformed today with Utilities leading (worst performer YTD)
Tech fell most … small caps didn’t see reprieve today even as NQ fell.
Russell 2k continues to lag YTD and MTD
8:38am after falling jobless claims
11:55 AM Pre lunch. $AMZN last mag 7 standing in green
2pm check up. How we doing on volume?
3:28pm. Firms are selling. Breadth stinks. But they are lessening the fall by selling down the $VIX. This won’t work too long.
Breadth
Stuck out
$JPM this is a very bad sign.
Strong
$COIN
Housing related bounced today
Volatility was strong but sold off into close
Weak
$VFS down 26%
$AI down 12.4%
$LVS down 5%
$CAVA down 3.57%
$EXTR down 3.47%
$AAPL down 2.92%
What to watch
Watch mag 7
Watch yields
Economic data
https://www.marketwatch.com/economy-politics/calendar)
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