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Save this spreadsheet or memorize it
Summary of the day
Monday is gonna be another doozy. Unless the fed makes some statement. And the Bank of Japan are punished for trying to kill the yen carry trade.
Important vold breadth lesson. Knowing when not to buy dips. Chart 3:48pm…on paid chat:
“Be careful buying the dips! Tight stops
Still no buying oomph in sight. Expect a flush down if none appears”
How did we end the day?
By Bill Cara
Shit show started in Japan last night as a continuation from Thursday.
Selling never let up.
10 yr fell to 3.8% why? Rotation into safety. Bonds are in high demand. As bond prices rise their yields fall.
I suspect a ton of margin calls as many people and institutions were overleveraged long AI names.
VIX up 50% all day
1192 ETFs Hold Nvidia (NVDA)
https://www.tipranks.com/stocks/nvda/etf-exposure
1240 ETFs Hold Microsoft (MSFT)
https://www.tipranks.com/stocks/msft/etf-exposure
1084 ETFs Hold Apple (AAPL)
https://www.tipranks.com/stocks/aapl/etf-exposure
998 ETFs Hold Alphabet Class A (GOOGL)
https://www.tipranks.com/stocks/googl/etf-exposure
981 ETFs Hold Amazon (AMZN)
https://www.tipranks.com/stocks/amzn/etf-exposure
733 ETFs Hold Alphabet Class C (GOOG)
https://www.tipranks.com/stocks/goog/etf-exposure
744 ETFs Hold Tesla (TSLA)
https://www.tipranks.com/stocks/tsla/etf-exposure
Breadth
485 new highs
589 new lows
Nasdaq New Highs/Lows 84 Highs vs 231 Lows
18% advancing 80% declining
57% below 50 day ma
40% below the 200 day ma
Stuck out
Nothing was spared outside of Prec Metals and bitcoin
Strong
Weak
What to watch
Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
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