Podcast EP 54 Hawkish Pause (Sep 21)
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Show Notes

Summary of the day

BOOOM!

Lot’s of destruction the past 48 hours

Breadth

• 41 new highs

• 723 new lows

• 18% advancing 78% declining

• 79% below 50 day ma

Stuck out

at 1pm, I noted in the am session that the Breadth and volume of breadth looked very controlled and steady today. Not panicked like Thursday. And that my eyes were telling me that we could be closing near the lows today.

“Compare the complexion of the down volume from yesterday. Today is steady consistent selling. Yesterday was a panic spike. My eyes say we close near lows today.”

The close

Strong

Yields

Volatility

Weak

Everything else

What to watch

Where is the 150 day and 200 day below. Will we bounce now or keep selling to meet those ares?

Watch mag 7

Watch yields

Economic data

https://www.marketwatch.com/economy-politics/calendar)  This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit nyugrad.substack.com/subscribe)