Watching the last 15 minutes was like waiting for the boulder to come crashing down!
Podcast Available on
Spotify | Apple Podcast | Amazon Music
Follow on Substack Notes
Referral Program for existing Subscribers
When you use the “Refer a friend” link below or the “Share” button on any post, you’ll get credit for any new subscribers. Here is the link you can copy and paste into any email, text or social media platform:
Once I launch a paywall, your referral credits earned will be retroactive immediately
Show Notes
Summary of the day
10 yr rising in the am. 4.22% vs 4.1% on Fri.
Builders sell off
Rug pull last 15 min
Breadth
150 new highs
247 new lows
23% advancing 73% declining
63.5% below 50 day ma
Stuck out
Home builders in am…
Consumers line up to save $5-6 on gas
https://youtube.com/shorts/bFZNZFXE2lE
#airbnbust $ABNB bust update on housing
Types of buyers today
All cash
No mortgage on existing home and downsizing
Millenials who can afford a 5.5% new home builder rate buy down
Watch the 50 day ma
3:55pm rug pull. But if you follow breadth it would have told you mid day that there was weaknes. And it would have kept you out or leaning to the downside.
Magnificent 7 saved the Nasdaq from an even worse close.
Russell 2k was weakest.
10 year treasury closed near high. Home builders near the lows.
Strong
ABNB 0.00%↑ Being added into the S&P 500
Mag 7
Yields
Weak
Broad market
Russell 2000 IWM 0.00%↑
Mid caps MDY 0.00%↑
Bonds
Gold
Financials closed below 50 day ma XLF 0.00%↑
What to watch
Watch mag 7
Watch yields
Economic data
Share this post