Podcast EP 87 BUELLER? (Nov 8)

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Show Notes

Off topic recommendation:

I finished “Blue Eye Samaurai” on Netflix yesterday and I urge you to check it out. Not safe for children as some episodes have sexual explicit content. If you love great animation, great underdog story, history buff of Edo Japan, or Samurai, run and see it.

Here is a free full episode:

Rated Mature. Gore and sexual situations.

Summary of the day

9:55am this bounce is getting very stretched. Rather than a light pullback or sideways consolidation, we risk a sharp pullback

12:07pm hm rare lunchtime selloff. Usually the algos are in buy mode.

2:15pm Unless Breadth picks up, I would be suspicious of any bounces.

3:45pm $SPY vol is half of avg daily! 47m vs 83m. $QQQ volume is also down 30%

3:55pm If yields and oil bounce hard before turkey day…just a hunch

LZ from slopeofhope.com

Translation…Mega cap tech holding up the world

Breadth

• 130 new highs

• 278 new lows

• 38% advancing 57% declining

• 57% below 50 day ma

• 67% below the 200 day ma

Stuck out

Low volume again

Yields down

Oil down

Stocks should be up a lot higher

Something tells me big sell off sooner than later

Strong

Big tech

Real estate

Weak

What to watch

Jerome Powell on panel at IMF 2pm ET, Thursday

Watch mag 7

Watch yields

Economic data

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