Well much more action than Wed!!!
Morning Note 10:15am
“The open seems like its being sold.
CRM selling off
NVDA was up $17 but lost half
AMD down. MU down. GOOGL down.
GOOGL rumor buying HUBS.”
I sent this to my premium members after lunch. How did I know or suspect not to jump in long at 12:32pm?
The catalyst ... 2pm
comment from Minneapolis Fed President Neel Kashkari (not a voting FOMC member) that its possible Fed might not cut rates this year if inflation decline stalls.
But give me a break. That is all it takes! Wait until everyone realizes the Fed has lost the battle with inflation. Raise rates or cut the Fed has lost.
BUT HOW DID I KNOW BEFORE 2PM????
In the Premium section we will talk about how to use intraday Breadth to sniff out sneaky sell offs like today.
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