Shownotes Transcript
Battle of Austerlitz
By 2 o’clock, the Coalition centre had ceased to exist, and its army was broken in two. The French masse de décision swung to the south. Too late, Buxhöwden attempted to extricate his men. By 3 o’clock, the Allied line was breaking up, thousands of men fleeing to the south, towards the frozen lakes on the edge of the battlefield. Napoleon ordered up 25 cannon to smash the ice on Lake Satschen. As it broke up, it tipped thousands of Russians into the freezing water beneath; no one is sure how many drowned, but around 2,000 is a likely figure.
Source: https://www.military-history.org/feature/the-battle-of-austerlitz-napoleons-masterpiece.htm
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Show Notes
Summary of the day
The Ice is getting thinner each day.
Strong day. But breadth makes me pause.
only 2 of the Mag 7 are above the 50 day after Alphabet reported
Breadth
43 new highs
545 new lows
66% advancing 28% declining
81% below 50 day ma
74% below 200 day ma
Stuck out
Meta and MSFT are only Magnificent 7 trading above the 50 day ma
Breadth is still bad
Financials still bad
Leading sector was Utilities
Strong
Weak
Breadth
What to watch
Watch mag 7
Watch yields
Earnings
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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