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Show Notes
Summary of the day
BOOOM!
Lot’s of destruction the past 48 hours
Breadth
41 new highs
723 new lows
18% advancing 78% declining
79% below 50 day ma
Stuck out
at 1pm, I noted in the am session that the Breadth and volume of breadth looked very controlled and steady today. Not panicked like Thursday. And that my eyes were telling me that we could be closing near the lows today.
“Compare the complexion of the down volume from yesterday. Today is steady consistent selling. Yesterday was a panic spike. My eyes say we close near lows today.”
The close
Strong
Yields
Volatility
Weak
Everything else
What to watch
Where is the 150 day and 200 day below. Will we bounce now or keep selling to meet those ares?
Watch mag 7
Watch yields
Economic data
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