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Show Notes
Summary of the day
This will be a short episode as the world waits for fed rate ramblings on Wed.
But I do want to share with you this clip which resonates with me so much as a trader.
When you hear systems or books or gurus say you need to resolve yourself of all emotions and trade like a robot, that is almost impossible to do. It is much more plausible to be objective with your own emotions, but to do that in trading you must have the time and space to think and master yourself. All while you navigate down river in your boat in a sea of other traders emotions.
Breadth
102 new highs
376 new lows
37% advancing 57% declining
71% below 50 day ma
Stuck out
Yields remain elevated
S&P500 is still hanging out just underneath the 50 day
Oil prices matter.
look at the Airlines
SAVE -2.9%
ALK -1.49
HA -2.64
LUV -2%
JBLU -5.84
AAL - 1.58%
UAL - 2.28%
DAL -2.51%
Strong
AFRM 2.63%
LEN 2%
SNPS 1.7%
Weak
JBLU -5.63%
SHOP -4.6%
ARM -4.53%
LYFT -4%
KRUS -3.84
TSLA -3.32%
CAVA -2.99%
SQ -2.99%
DAL -2.53%
ROKU -2.45%
What to watch
FED rate decision Wed 2pm
Watch yields
Watch oil
Economic data
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