Not Your Advisor
Not Your Advisor
Podcast EP 76 Napoleon's Ice Trap (Oct 24)
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Podcast EP 76 Napoleon's Ice Trap (Oct 24)

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

Battle of Austerlitz

By 2 o’clock, the Coalition centre had ceased to exist, and its army was broken in two. The French masse de décision swung to the south. Too late, Buxhöwden attempted to extricate his men. By 3 o’clock, the Allied line was breaking up, thousands of men fleeing to the south, towards the frozen lakes on the edge of the battlefield. Napoleon ordered up 25 cannon to smash the ice on Lake Satschen. As it broke up, it tipped thousands of Russians into the freezing water beneath; no one is sure how many drowned, but around 2,000 is a likely figure.

Source: https://www.military-history.org/feature/the-battle-of-austerlitz-napoleons-masterpiece.htm

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Show Notes

Summary of the day

The Ice is getting thinner each day.

Strong day. But breadth makes me pause.

only 2 of the Mag 7 are above the 50 day after Alphabet reported

Breadth

  • 43 new highs

  • 545 new lows

  • 66% advancing 28% declining

  • 81% below 50 day ma

  • 74% below 200 day ma

Stuck out

Meta and MSFT are only Magnificent 7 trading above the 50 day ma

Breadth is still bad

Financials still bad

Leading sector was Utilities

Strong

Weak

Breadth

What to watch

Watch mag 7

Watch yields

Earnings

Economic data

https://www.marketwatch.com/economy-politics/calendar 

Financial Freedom is not free, but the pursuit is worth the treasure.

Discussion about this podcast

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