US Jobless Claims Rise to Highest in 9 Months, Led by California
New applications rose to 242,000 last week, more than expected
Four-week moving average climbed to highest since September
Paid Episode 20 min
Free Episode 9 min
You have likely lost more on 1 trade this year than my annual $240 subscription. Not upgrading could be costing you each day. Testimonials can be found here
One Example:
“Thanks for consistent, quality content. It’s educational and has paid for itself several times over.
Even though I don’t actively trade, there’s so much usefulness in the daily podcast for navigating the bigger picture for my 401(k) and IRA. Often you touch on factors that will impact my clients at my day job, so it’s useful there too.
Finally, and perhaps most importantly, there’s a “Zen and the art of” quality to your world. it’s educational, elucidating, and exists at the intersection of theory and practice. Thoughtful and worthwhile!" - Will (Paying Subscriber)
Follow me on Substack Notes
Podcast Available on Spotify | Apple | Amazon
Summary of the day
Nasdaq 100 earlier in afternoon being held up by 3 stocks. In reality just 1 AVGO.
Breadth
425 new highs
234 new lows
% advancing % declining
% below 50 day ma
% below the 200 day ma
Stuck out
Narrow breadth
Strong
Weak
What to watch
Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
Whether you subscribe for free or paid, you will gain value and ability over time to see stock market price movement in a way Wall St does not want you to see.
At the very least, improve your own education so you can grade your financial advisors homework and performance!
