“In the Midst of Chaos, There Is Also Opportunity” (Sun Tzu)

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Show Notes

Summary of the day

* Markets rallied until 1pm, then there was a selloff taking back half of the days gains

* but markets closed up and every sector was green

We are simply trying to backtest the falling 50 day moving avg. On the SPY watch if we can get to $440 and how prices react

Magnificent 7

Breadth

* 117 new highs

* 200 new lows

* 70% advancing 25% declining

* 77% below 50 day ma

* 66% below 200 day ma

Stuck out

MSFT and AAPL red

Strong

* Russell 2000 lead

* Many names that are lower quality bounced

* 10 yr still too high

* 30 yr mortgage now over 8%

Weak

* Volatility

What to watch

Watch mag 7

Watch yields

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 66 In Chaos Lays Opportunity (Oct 10) 06:56 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 66 In Chaos Lays Opportunity (Oct 10)