If you have never seen Spaceballs…run and watch!
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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
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
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