Podcast EP 80 Ludicrous Speed! (Oct 30)

If you have never seen Spaceballs…run and watch!

Podcast Available on

Spotify | Apple Podcast | Amazon Music
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Show Notes

Summary of the day

Dow 30 and Magnificent 7-1, did their job today. TSLA was down today.

This is how markets can be green and yet so many more new lows.

Breadth remains horrible so that tells me this is not a base or a bottom.

New for your consideration $SPX/$VIX ratio chart

Link you can bookmark

https://schrts.co/irpkgybU

Breadth

• 49 new highs

• 731 new lows

• NASDAQ 12 new highs vs 191 new lows!

• 66% advancing 28% declining

• 83% below 50 day ma

• 78% below the 200 day ma

Stuck out

Only 2 stocks in DOW 30 were red

Volume was lack luster even though we are so oversold

Crude oil higher

Strong

DOW 30

Magnificent 7 - 1

TSLA down 4.79%

All sectors green

Weak

Volatility

What to watch

FED Wed

AAPL Thursday

Watch mag 7

Watch yields

Economic data

https://www.marketwatch.com/economy-politics/calendar