Podcast EP 58 End of Month & Quarter (Sep 27)
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Show Notes

Summary of the day

We are at a logical must-defend area for a bounce. We are also heading into end of month and end of qtr so I suspect wild effort to bounce as well. The up volume simply has not shown up yet.

Last four Septembers for the S&P:

2020: -3.92%

2021: -4.76%

2022: -9.34%

2023: -5.19% (thru 9/26)

Last three Q4s:

2020: +11.69%

2021: +10.65%

2022: +7.08%

2023: TBD

Breadth

• 81 new highs

• 752 new lows

• 50% advancing 45% declining

• 80% below 50 day ma

Stuck out

We closed almost unchanged. Markets were down hard at 2pm but then bounced just as hard and went green. Then we limped into the close.

Strong

DASH 4.79%

PI 4.28%

LYFT 4.03%

DKNG 3.94%

W 3.41%

AI 3.34%

CVNA 3.29%

KYVA 2.81%

UCO 2.69%

USO 2.5%

PJT 2.27%

Weak

VFS -12.89%

CART -4.52%

VIX -3.8%

GOLD -3.75%

GDX -2.99%

PYPL -2.7%

CAVA -2.69%

What to watch

Jerome Powell speaks Thursday at 4pm ET

Watch mag 7

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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