Podcast EP 62 Revenge of the Sith (Oct 3)
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Show Notes

Summary of the day

“Too late for what? The republic to fall? It already has, and you just can't see it, there is no justice, no law, no order, except for the one that will replace it.” - Darth Maul

I shared on Monday how breadth was horrendous. I also shared how the magnificent 7 were being bought while everything was being sold off. In Substack notes) I pointed to how the Russell 2k was down 1.58% on Monday and a dow equivalent would have been over 500 points.

Well that all came to pass today. They sold everything on heavy volume. Yields are above 4.7% on the 10 year.

Breadth

• 41 new highs

• 1,226 new lows!!!

• 17% advancing 79% declining

• 85% below 50 day ma

• 72% below 200 day ma

Charts

Magnificent 7

Stuck out

Crude oil looks like it wants $110

Strong

Yields

Volatility

Oil, energy, coal

Weak

Everything

What to watch

Watch mag 7 and major moving avg (50 day, 150, 200)

Watch yields

Watch energy prices

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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