Yesterday TESLA was on fire down 12.3%. Today it is flexing fought back some of the loss. 5 steps back then 1 step forward. That sums the day as well. Also 57M traded on SPY
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Summary of the day
5 steps back. 1 step forward
Breadth
443 new highs
180 new lows
Nasdaq New Highs/Lows 108 Highs vs 42 Lows
62% advancing 35% declining
42% below 50 day ma
32% below the 200 day ma
Stuck out
Limped into the close
Strong
Weak
What to watch
Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
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