Podcast EP 116 Believe (Jan 10)

$SPY $QQQ $IWM $ES_F $VIX $AAPL $AMZN $META $MSFT $NVDA $TSLA $TLT $TBT

Jan 11, 2024

Transcript

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“Honesty in a sea of deception is of great value” - Ralph (Pledged)

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Show Notes

Summary of the day

My breadth study has confirmed the initial signal to be defensive. This does not mean sell everything. Or short everything. It is one of my indicators of many, but it has proved reliable with minimal fake outs. And I am saying this as NVDA, META, and GOOGL, are making new highs.

However the day was very bullish, regardless of slow volume on SPY. The hotly anticipated Bitcoin etf finally arrived after hours…I think?! 11 total ETFs. That is a lot of sales and marketing teams all out pitching and selling.