*No podcast Friday Feb 9th.
Have a Happy Lunar New Year this weekend!
Enjoy the Superbowl
Podcast Available on
Spotify | Apple | Google Podcasts | Amazon
Follow me on Substack Notes
Show Notes
Summary of the day
A moral victory, $SPX S&P 500 got its 5k print.
Yet SPY 0.00%↑ had low volume of only 46m traded!
Breadth
848 new highs
175 new lows
55% advancing 40% declining
43% below 50 day ma
36% below the 200 day ma
Stuck out
Real Estate was the leading sector
Strong
AFRM was up as high as 11% before earnings, but having constipation after earnings. You should listen to earnings call. Their prepared remarks were 12 seconds! apparently this is par the course for them.
Weak
Pypl
Nycb
EXPE
What to watch
Next week CPI & PPI
Watch mag 7
Watch yields
Economic data
https://www.marketwatch.com/economy-politics/calendar
Recommended by
Mentored by @BillCara
Substack Featured 2X
Premium Service Preview
“Honesty in a sea of deception is of great value” - Ralph (Pledged)
“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)
—
“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)
—
"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)
—
"I like your objective view on the markets” Ron P (Pledged)
—
"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)
I want to thank the 2000+ Subscribers who support the Substack!
I plan to turn on premium when we surpass 3000+ total subs
Pledging requires a credit card but it is not charged until Premium goes live
What will premium include? (at minimum)
Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)
Webcasts covering charts of all above
Additional Premium only content viewable in daily show notes for Premium subscribers
Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).
*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gamblingOver time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth
I want in! How?
Instructions:
Subscribe by clicking “Subscribe” or this link.
Once you are a subscriber, you should see buttons that say “Pledge your support”
Share this post