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Show Notes
Summary of the day
YTD laggards outperformed today with Utilities leading (worst performer YTD)
Tech fell most … small caps didn’t see reprieve today even as NQ fell.
Russell 2k continues to lag YTD and MTD
8:38am after falling jobless claims
11:55 AM Pre lunch. $AMZN last mag 7 standing in green
2pm check up. How we doing on volume?
3:28pm. Firms are selling. Breadth stinks. But they are lessening the fall by selling down the $VIX. This won’t work too long.
Breadth
65 new highs
392 new lows
31% advancing 65% declining
70% below 50 day ma
Stuck out
JPM 0.00%↑ this is a very bad sign.
Strong
Housing related bounced today
Volatility was strong but sold off into close
Weak
VFS 0.00%↑ down 26%
AI 0.00%↑ down 12.4%
LVS 0.00%↑ down 5%
CAVA 0.00%↑ down 3.57%
EXTR 0.00%↑ down 3.47%
AAPL 0.00%↑ down 2.92%
What to watch
Watch mag 7
Watch yields
Economic data
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