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Show Notes
Your mission if you choose to accept it, is to fight inflation without causing a recession. Good luck Jerome Powell. This message will self destruct in 5 seconds!
Breadth
73 new highs
421 new lows
20% adv 75% declining
66% are under the 50 day ma. Not good (NYSE AMEX and Nasdaq)
Stuck out
Premarket was muted but bad Asia session
Open flew higher but dow was up 170 and sold off
Nasdaq lagged
Morning
We touched 4444 as I deducted and bounced. 4444 is the high volume area
10:05am already weakening
Choose your FOMC adventure
By Noon time
12:11PM NY
Full day picture. Not good.
Strong
Short etfs, Volatility
Walmart, Costco, Home depot, TGT
Weak
What to watch
Yields and USD
NVDA earnings Aug 23
Magnificent 7
Moving avgs. 50, 100, 200
Chart Gallery
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