Podcast Available on

Spotify | Apple Podcast | Amazon Music

Follow on Substack Notes

Referral Program for existing Subscribers

* When you use the “Refer a friend” link below or the “Share” button on any post, you’ll get credit for any new subscribers. Here is the link you can copy and paste into any email, text or social media platform:

“https://nyugrad.substack.com?r=1ec55c”

* Once I launch a paywall, your referral credits earned will be retroactive immediately

Show Notes

Summary of the day

“Too late for what? The republic to fall? It already has, and you just can't see it, there is no justice, no law, no order, except for the one that will replace it.” - Darth Maul

I shared on Monday how breadth was horrendous. I also shared how the magnificent 7 were being bought while everything was being sold off. In Substack notes I pointed to how the Russell 2k was down 1.58% on Monday and a dow equivalent would have been over 500 points.

Well that all came to pass today. They sold everything on heavy volume. Yields are above 4.7% on the 10 year.

Breadth

* 41 new highs

* 1,226 new lows!!!

* 17% advancing 79% declining

* 85% below 50 day ma

* 72% below 200 day ma

Charts

Magnificent 7

Stuck out

Crude oil looks like it wants $110

Strong

Yields

Volatility

Oil, energy, coal

Weak

Everything

What to watch

Watch mag 7 and major moving avg (50 day, 150, 200)

Watch yields

Watch energy prices

Economic data

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

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

This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit nyugrad.substack.com/subscribe

Podcast EP 62 Revenge of the Sith (Oct 3) 27:24 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 62 Revenge of the Sith (Oct 3)