Podcast EP 57 "Wall St Paging Mr Powell" (Sep 26)
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Show Notes

Summary of the day

Dow -388 (1.14%)

The DOW is now under the 200 day moving avg!!!

S&P 500 -63.91 (1.47%)

Nasdaq Composite -207.71 (1.57%)

Russell 2000 -22 (1.27%)

Magnificent 7 look horrible! All are under their own 50 day moving avg

3:52pm Will they try to rally? Watch breadth volume for fakeouts

Laat 15 min breadth volume. No rescue.

Breadth

• 58 new highs

• 756 new lows

• 20% advancing 76% declining

• 81% below 50 day ma

Stuck out

Prior the end of day, the selling was controlled and consistent

Are main st investors awake? or are they sleeping?

$ABBV

Strong

Travis Kelce

Volatility

GILD

AMGN

Weak

EVERYTHING

What to watch

Jerome Powell speaks Thu 4pm

Watch mag 7

Oil/Energy Prices

Watch yields

Economic data

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

Financial Freedom is not free, but the pursuit is worth the treasure!

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