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Show Notes

Summary of the day

Horrible weekend of tragic actions of a few humans. As a financial Substack and podcast I am not going to get into my opinions on it. Other than saying how tragic war and conflict is and I hope it ends soon. But seeing how this has been going on since 1950s, it prob won’t end soon.

Pre-mkt as of 8:30pm NY

Make note the DOW was up 288 at Friday’s close. Will it hold onto that gain?

So on Friday…

700 point dow move from the intraday low!

We tanked on bullish job numbers at 830am, then rallied hard near the 200 day ma.

Everyone thinks this was the low and new bull into Q4.

Recent IPOs were puking while we had the 700 point reversal

10 yr still too high

Breadth

* 72 new highs

* 732 new lows

* 66% advancing 29% declining

* 82% below 50 day ma

* 69% below 200 day ma

Stuck out

Strong reversal amidst spiking put option activity.

Ton of jobs apparently sparked a down 200 dow move than we reversed hard off the 200 day ma area.

Only 72 new highs. 10x more new lows!!! And that is with a 700 point dow up from intraday lows.

Strong

Everything crushed Thursday bounced hard Friday.

Yields still strong

Oil bouncing

Weak

volatility

What to watch

Watch mag 7

Watch yields

Watch oil

Economic data

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

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

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Podcast EP 64 "It's only Hubris, if I fail" Julius Caesar (Oct 6) 09:07 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 64 "It's only Hubris, if I fail" Julius Caesar (Oct 6)