If you haven’t seen Spirited on Apple TV, I highly recommend for holidays. But as I push through this flu or cold, my general mood when people speak to me in public is summed up perfectly by the movies “Good afternoon” skit.
It basically means…
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Show Notes
Summary of the day
Great bullish day for the Dow. Broke above the august highs. I saw it as rotation all day, until the last 15 minutes
Nasdaq tried to recover at close but Mag 7 was down all day
Real pimple is 10 year yield which is putting up a fight.
$VIX looks dead but I believe that is a warning for bulls. VIX isn’t going to zero
Breadth
287 new highs
152 new lows
52% advancing 42% declining
28% below 50 day ma
46% below the 200 day ma
Stuck out
NQ was weak all day along with RTY but everything rallied into close
Yields not giving up the fight
Strong
Weak
Volatility
What to watch
Jerome Powell speaks two times on Friday!
Watch mag 7
Watch yields
Economic data
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