Not Your Advisor
Not Your Advisor
Broad stock market selloff 🎧 #248 (July 24)
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Broad stock market selloff 🎧 #248 (July 24)

$SPY $QQQ $IWM $ES_F $VIX $AAPL $AMZN $META $MSFT $NVDA $TSLA $TLT $TBT $BTC $ARKK $ARKB $FBTC $BTCO $IBIT $BRRR $SMCI $ARM $RDDT $DJT $GLD $SLV $GDX #THEFED

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FAQ Video

Summary of the day

3:58pm

358pm. Told ya. Breadth study works. At 330 the markets bounced. I watched breadth and it said it was lying. Breadth would have kept you out of going long. Or staying short.


2pm - While QQQ was bouncing I was watching breadth and look how feeble the up volume was. This is why i watch it. It is like the lie detector test

Breadth

  • 312 new highs

  • 185 new lows

  • Nasdaq New Highs/Lows 31 Highs vs 64 Lows

  • 20% advancing 64% declining

  • 43% below 50 day ma

  • 33% below the 200 day ma

Stuck out

All day selling

10 yr yield rising

Ford shares plummet 12% after massive earnings miss

CMG up 10% after earnings

Strong

Weak

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