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Show Notes
Summary of the day
Dow -388 (1.14%)
The DOW is now under the 200 day moving avg!!!
S&P 500 -63.91 (1.47%)
Nasdaq Composite -207.71 (1.57%)
Russell 2000 -22 (1.27%)
Magnificent 7 look horrible! All are under their own 50 day moving avg
3:52pm Will they try to rally? Watch breadth volume for fakeouts
Laat 15 min breadth volume. No rescue.
Breadth
58 new highs
756 new lows
20% advancing 76% declining
81% below 50 day ma
Stuck out
Prior the end of day, the selling was controlled and consistent
Are main st investors awake? or are they sleeping?
Strong
Travis Kelce
Volatility
GILD
AMGN
Weak
EVERYTHING
What to watch
Jerome Powell speaks Thu 4pm
Watch mag 7
Oil/Energy Prices
Watch yields
Economic data
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