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Show Notes
Summary of the day
Dow and Russell lost all of the pop
S&P lost half the pop
Nasdaq lost 1/3 of the pop
Breadth was flat then weak into close
Today was simply a deadcat bounce trying to toy with the 200 day ma
markets in trouble until breadth isnt horrendous like today and every past day
Breadth
45 new highs
1,310 new lows!!!
30% advancing 65% declining
83% below 50 day ma
73% below 200 day ma
Stuck out
We closed 1 pt away from my prediction of 4240 on ES
Strong
Define strong? a few mega caps were up 1% to hold the markets up
Weak
Financials
Real estate
Energy
What to watch
Watch mag 7
Watch yields
Earnings
Economic data
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