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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

* 65 new highs

* 392 new lows

* 31% advancing 65% declining

* 70% below 50 day ma

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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Podcast EP 44 Boards Don't Hit Back (Sep 7) 13:14 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 44 Boards Don't Hit Back (Sep 7)