Not Your Advisor
Not Your Advisor
Thinner Ice 🎧 #245 (Jul 19)
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Thinner Ice 🎧 #245 (Jul 19)

$SPY $QQQ $IWM $ES_F $VIX $AAPL $AMZN $META $MSFT $NVDA $TSLA $TLT $TBT $BTC $ARKK $ARKB $FBTC $BTCO $IBIT $BRRR $SMCI $ARM $RDDT $DJT $GLD $SLV $GDX #THEFED

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Summary of the day

Lousy week for bulls

Breadth

  • 140 new highs

  • 142 new lows

  • Nasdaq New Highs/Lows 22 Highs vs 67 Lows

  • 27% advancing 69% declining

  • 36% below 50 day ma

  • 31% below the 200 day ma

Stuck out

NQ 20k is now resistance

Closed at the lows

Strong

Weak

What to watch

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