Not Your Advisor

Podcast Available onSpotify | Apple | AmazonFollow me on Substack Notes

Premium Subscribers, keep scrolling for Show notes!👇

If you would like to upgrade from free to access full episodes, show notes and premium content, there is a 20% Lunar New Year promotion until Feb 24, 2024.

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

*No podcast Friday Feb 9th.

Have a Happy Lunar New Year this weekend!

Enjoy the Superbowl

Podcast Available on

Spotify | Apple | Google Podcasts | AmazonFollow me on Substack Notes

Show Notes

Summary of the day

A moral victory, $SPX S&P 500 got its 5k print.

Yet SPY had low volume of only 46m traded!

Breadth

* 848 new highs

* 175 new lows

* 55% advancing 40% declining

* 43% below 50 day ma

* 36% below the 200 day ma

Stuck out

Real Estate was the leading sector

Strong

AFRM was up as high as 11% before earnings, but having constipation after earnings. You should listen to earnings call. Their prepared remarks were 12 seconds! apparently this is par the course for them.

Weak

Pypl

Nycb

EXPE

What to watch

Next week CPI & PPI

Watch mag 7

Watch yields

Economic data

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

Recommended by

Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

Substack Featured 2X

Premium Service Preview

“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

I want to thank the 2000+ Subscribers who support the Substack!

* I plan to turn on premium when we surpass 3000+ total subs

* Pledging requires a credit card but it is not charged until Premium goes live

* What will premium include? (at minimum)

* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)

* Webcasts covering charts of all above

* Additional Premium only content viewable in daily show notes for Premium subscribers

* Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gambling

* Over time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth

I want in! How?Instructions:

* Subscribe by clicking “Subscribe” or this link.

* Once you are a subscriber, you should see buttons that say “Pledge your support”

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

Podcast Available on

Spotify | Apple | Google Podcasts | AmazonFollow me on Substack Notes

Show Notes

Summary of the day

Drifting higher

Tech in drivers seat

Semi Conductors

Roblox

Breadth

* 996 new highs

* 205 new lows

* 48% advancing 47% declining

* 44% below 50 day ma

* 37% below the 200 day ma

Stuck out

Broad rally

10 yr up to 4.19% yield

Strong

Weak

What to watch

Watch mag 7

Watch yields

Economic data

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

Recommended by

Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

Substack Featured 2X

Premium Service Preview

“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

I want to thank the 2000+ Subscribers who support the Substack!

* I plan to turn on premium when we surpass 3000+ total subs

* Pledging requires a credit card but it is not charged until Premium goes live

* What will premium include? (at minimum)

* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)

* Webcasts covering charts of all above

* Additional Premium only content viewable in daily show notes for Premium subscribers

* Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gambling

* Over time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth

I want in! How?Instructions:

* Subscribe by clicking “Subscribe” or this link.

* Once you are a subscriber, you should see buttons that say “Pledge your support”

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

Podcast Available on

Spotify | Apple | Google Podcasts | AmazonFollow me on Substack Notes

Show Notes

Summary of the day

Honestly. Do I need to do a podcast tonight?

* $SPY 57M shares traded.

* $NVDA 67m shares traded

* $NYCB down 22%

* NQ negative

* $TSLA up 2.2%

* $SNAP down 30% after earnings

Breadth

* 383 new highs

* 182 new lows

* 71% advancing 25% declining

* 42% below 50 day ma

* 36% below the 200 day ma

Stuck out

NYCB

NQ negative

Strong

Weak

What to watch

Watch mag 7

Watch yields

Economic data

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

Recommended by

Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

Substack Featured 2X

Premium Service Preview

“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

I want to thank the 2000+ Subscribers who support the Substack!

* I plan to turn on premium when we surpass 3000+ total subs

* Pledging requires a credit card but it is not charged until Premium goes live

* What will premium include? (at minimum)

* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)

* Webcasts covering charts of all above

* Additional Premium only content viewable in daily show notes for Premium subscribers

* Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gambling

* Over time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth

I want in! How?Instructions:

* Subscribe by clicking “Subscribe” or this link.

* Once you are a subscriber, you should see buttons that say “Pledge your support”

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

Podcast Available on

Spotify | Apple | Google Podcasts | AmazonFollow me on Substack Notes

Show Notes

Summary of the day

Disclaimer: Prices can go a lot higher regardless of all below. Everyone who has a vested interest in higher prices are selling the data and stories that will make it so.

That is why it is counter intuitive to consume too much financial content. Even mine. That is also why my podcasts are so short vs what you see out there in the marketplace. I try to focus on the things that matter most in under 15 min.

The market already has priced all below news into prices already. That is also why I note that listening to earnings is for entertainment only. The price action is king.

When you can ingest “NARRATIVE” data like earnings and sell side packaged news and still function as a trader and win, you are making huge progress in the psychology of trading.

So before I get into the narrative data, I want to point out charts and “What Stuck out” section first!

Because price action and charts are more important than news and narrative. I would say the healthy ratio of attention or head space for a good trader is at minimum 90:10. 90% price action and psychology vs 10% news, earnings and narrative.

Stuck out over the weekend

$NDX Nasdaq 100 ratio chart to QQEW Equal Weight Nasdaq

Here is the Semi-conductor index $SOX:

The Semi Conductor index has tested this Red resistance line only three times since the peak of Dot-com. Here we are again!

Closeup:

I now present to you JP Morgan (Linear chart). $JPM. Maybe it is nothing. Maybe this trend line will be made irrelevant as it roars higher? We just breached it. Since the year 1998, it has only touched this line twice (dotcom and covid) upon which sold off along with broader markets. Well here we are again…

$XLF #BANKS#WALLST

Here is #Apple $AAPL (Log chart)

This purple trend has been tested 6 times since the Dot-com crash. It got close during the Great Financial Crisis in 2008, but no cigar. 3 times since the bottom of New Yrs Eve 2022. Maybe it is nothing. But if that trend line breaks down, watch out for your retirement accounts! Look at the second chart. We pierced below it on Friday before defending it. Well here we are again…

Bouncing today, Monday trying to test 50 day ma.

And new data from my weekend content consumption of Adam Taggart and Sven from Northman trader. A negative divergence in Value Line XGV.

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

Now let’s get into the narratives…

Mother of all doom scrolls by Elmo. It doesn’t seem everyone is “fine” with how things are going in America as they claim.

https://twitter.com/elmo/status/1751995117366296904

And in a story I haven’t seen anywhere except via Peter Schiff, Nobody Special on YouTube and Adam Taggart, the Fridays jobs report was simply a lie.

I checked the math. All they did was revise last yrs monthly numbers so the narrative can read “America has never been better! Vote for me” No one on @business, @CNBC @FoxBusiness, etc cares about you. They are all sell side shills making money. No one is coming to save us! They all report to team green.

Nobody Special on YouTube

You have to zoom out to see the big picture. Why would the Fed say last Wed no cuts until weakness in employment/wages? Then this fake blowout jobs data is released Friday? Everyone to kingdom come on media saying wow. And that the US economy is so strong!  

And yet…

https://www.youtube.com/live/0jZcAkf4z5o

The answer is kick the can down the road for elections. While we all suffer in reality, they all campaign in fantasy. This is not going to end well. I believe the s**t will hit the fan well before the election.

I take some liberty in quoting a mentor Bill Cara out of context but on brand.

The independent investors of the West have succumbed to the media onslaught from their governments, Wall Street, central bankers, and WEF globalists. Our people have become sheeple, ready to be sheared of our wealth.

When will we learn that ETFs are their Border Collies? If we stop trading their ETFs, we restrict their ability to manage the herd. If we invest only in quality companies based on asset valuations and revenue, cash flow, and earnings growth, we win. It’s only a matter of time.

They then trotted Jerome Powell again on a Sunday before the Grammys to sell us.

But look at the comments of the video itself! Does that sound like inflation has come down?

Breadth

* 289 new highs

* 343 new lows

* 20% advancing 76% declining

* 49% below 50 day ma

* 39% below the 200 day ma

Strong

NVDA

ON

ARM

OIL

Weak

What to watch

Watch mag 7

Watch yields

Economic data

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

Recommended by

Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

Substack Featured 2X

Premium Service Preview

“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

I want to thank the 2000+ Subscribers who support the Substack!

* I plan to turn on premium when we surpass 3000+ total subs

* Pledging requires a credit card but it is not charged until Premium goes live

* What will premium include? (at minimum)

* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)

* Webcasts covering charts of all above

* Additional Premium only content viewable in daily show notes for Premium subscribers

* Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gambling

* Over time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth

I want in! How?Instructions:

* Subscribe by clicking “Subscribe” or this link.

* Once you are a subscriber, you should see buttons that say “Pledge your support”

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

Podcast Available on

Spotify | Apple | Google Podcasts | AmazonFollow me on Substack Notes

Show Notes

Summary of the day

Non Farms payrolls came in double of expectations! Wages also grew per the report. Big big problem for rate cut bros.

Biden will use this on the campaign trail. The data is dubious at best.

10 yr spiked 4.84% to 4.04% yield

META up 21%!!! Important not to let in biases in trading. Like yesterday when I said I hate Facebook as a co. I bought META when it was originally FB and I made 3x. But it is an important lesson as while I got the trade right, I also shunned the company. Out of sight and out of mind, and never traded it again. So I locked in the gain in yellow. But I never traded the blue area.

Breadth

* 912 new highs

* 279 new lows

* 36% advancing 60% declining

* 39% below 50 day ma

* 36% below the 200 day ma

Stuck out

Strong

NVDA AMZN META

Weak

Housing

EXTR down 4.77%

KGC down 4.35%

KRUS down 3.87%

GDX down 3.48%

What to watch

Watch mag 7

Watch yields

Economic data

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

Recommended by

Doomberg

Adam TaggartHerb Greenberg

Mentored by @BillCara

Substack Featured 2X

Premium Service Preview

“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

I want to thank the 2000+ Subscribers who support the Substack!

* I plan to turn on premium when we surpass 3000+ total subs

* Pledging requires a credit card but it is not charged until Premium goes live

* What will premium include? (at minimum)

* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)

* Webcasts covering charts of all above

* Additional Premium only content viewable in daily show notes for Premium subscribers

* Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gambling

* Over time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth

I want in! How?Instructions:

* Subscribe by clicking “Subscribe” or this link.

* Once you are a subscriber, you should see buttons that say “Pledge your support”

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

Eventually you will have to get on the field

Podcast Available on

Spotify | Apple | Google Podcasts | AmazonFollow me on Substack Notes

Recommended by

Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

Substack Featured 2X

Premium Service Preview

“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

I want to thank the 2000+ Subscribers who support the Substack!

* I plan to turn on premium when we surpass 3000+ total subs

* Pledging requires a credit card but it is not charged until Premium goes live

* What will premium include? (at minimum)

* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)

* Webcasts covering charts of all above

* Additional Premium only content viewable in daily show notes for Premium subscribers

* Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gambling

* Over time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth

I want in! How?Instructions:

* Subscribe by clicking “Subscribe” or this link.

* Once you are a subscriber, you should see buttons that say “Pledge your support”

Show Notes

Asking for a favor

Dear Friends Subscribers and Pledgers to my Substack, please post a shout out here if you find my content and work valuable.

I created this Substack to share my trading knowledge and also build a community. I also introduced a daily 15 min podcast about the topline of stock markets without ads or politics, after I couldn’t find similar for myself. This really has been a joy to create but I need the support of the 2k+ subscribers. Anything you can do to help amplify I would appreciate :)

NYUGrad and Substack Writers so I am notified and others can easily find my publication. Bonus Quote a favorite line or passage from a recent post.

PS My tag line is “Financial Freedom is not free, but the treasure is worth the pursuit.”

Summary of the day

META up 14% ahAMZN up 7% ahAAPL down 3.17% ah

IAC to buy Ask Jeeves for $1.85 bln, 2005

WTF? why you bringing this up? Listen to the Podcast

Breadth

* 410 new highs

* 177 new lows

* 72% advancing 24% declining

* 35% below 50 day ma

* 34% below the 200 day ma

Stuck out

10 yr yield is crashing. Stocks up. Told you. Both can’t trade in tandem for long

Strong

What wasn’t?

Weak

QCOM

KRE

EXTR

AFRM

What to watch

Non Farm Pay roll Friday

Unemployment

Watch mag 7

Watch yields

Economic data

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

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

Podcast Available on

Spotify | Apple | Google Podcasts | AmazonFollow me on Substack Notes

Recommended by

Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

Substack Featured 2X

Premium Service Preview

“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

I want to thank the 2000+ Subscribers who support the Substack!

* I plan to turn on premium when we surpass 3000+ total subs

* Pledging requires a credit card but it is not charged until Premium goes live

* What will premium include? (at minimum)

* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)

* Webcasts covering charts of all above

* Additional Premium only content viewable in daily show notes for Premium subscribers

* Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gambling

* Over time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth

I want in! How?Instructions:

* Subscribe by clicking “Subscribe” or this link.

* Once you are a subscriber, you should see buttons that say “Pledge your support”

Show Notes

Summary of the day

What a circus the Financial markets are. We all hold our breath to extrapolate the musings of one organization and one man. People are making careers off reading Jerome Powell’s tea leaves. It’s just one big magic trick to distract while they attack, like Naruto’s most powerful ninja spell, the “SEXY JUTSU!”

2pm ET headlines read, “S&P 500 retreats as Fed says it’s not quite ready to cut rates”

Most notably he said he would cut rates early if he sees our asses getting fired. Backward world huh? Now the C suite will have to weigh:

* Rollover short term debt at 7% rate

* Or fire people and get the lower rate

We finished at the lows.

And this morning the real big news not getting it’s deserved coverage was $NYCB. Two big CRE loans imploding on them. No one had the courage to ask Powell about it.

“BREAKING: New York Community Bank stock, $NYCB, the bank that acquired the collapsed Signature Bank, falls 40% after earnings.

The bank announced that they will be cutting their dividend by 70% to meet regulatory requirements.

They also reported a 4th quarter LOSS of $260 million while expectations were for a GAIN of that size.

This comes just a few weeks before the Fed's emergency loan program is set to expire.

Some small banks are still feeling the pain.”

https://twitter.com/KobeissiLetter/status/1752705616873955376?t=jK7ODenI1SsfvEOqQLVVEw

Breadth

* 486 new highs

* 180 new lows

* 23% advancing 73% declining

* 38% below 50 day ma

* 36% below the 200 day ma

Stuck out

Something I wanted to share with my subscribers. If you want to go long Semiconductors, just go long $NVDA. It has performed just as well as the 3X long SOXL, with less risk on the downdrafts.

Strong

Qualcomm beats. Up 3.3% ah. However sold off a bit as the call started. Now down 2%.

All slides.

Weak

What to watch

Watch mag 7

Watch yields

Economic data

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

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

Meet Bard Alphabets’ new IR moderator

Google CEO and team said “AI” over 150 times. Benchmark!

Podcast Available on

Spotify | Apple | Google Podcasts | AmazonFollow me on Substack Notes

Recommended by

Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

Substack Featured 2X

Premium Service Preview

“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

I want to thank the 2000+ Subscribers who support the Substack!

* I plan to turn on premium when we surpass 3000+ total subs

* Pledging requires a credit card but it is not charged until Premium goes live

* What will premium include? (at minimum)

* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)

* Webcasts covering charts of all above

* Additional Premium only content viewable in daily show notes for Premium subscribers

* Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gambling

* Over time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth

I want in! How?Instructions:

* Subscribe by clicking “Subscribe” or this link.

* Once you are a subscriber, you should see buttons that say “Pledge your support”

Show Notes

Summary of the day

If you produce $10m top line for the business but if they can replace you with AI that can produce 5m top line at zero costs in sales marketing while boosting enterprise value, you will be cut.

Anyone who bought $GOOGL Jan 18 fwd is sweating

Regardless if what happens to the stock $MSFT, Satya Nadella is a real ceo. I dont think msft will go out of business. Fyi. He went to grade school with Adobe $ADBE ceo Shantanu Narayen. They run great great cultures. I know as my employer was acquired by adobe and i had the pleasure of meeting both during a c suite client event. The global role i served under adobe was the best times of my w2 career

BUT GOOGL and MSFT and AMD are selling off after hours. $SMH $SOX are not looking good.

Breadth

* 876 new highs

* 129 new lows

* 37% advancing 57% declining

* 31% below 50 day ma

* 34% below the 200 day ma

Stuck out

$SPY volume low again! Everyone is waiting on earnings and The Fed!

Volume 55,826,647 vs Avg. Volume 77,671,870

Strong

10 yr yield still above 4%

GM up 7.8%

Weak

What to watch

Fed Rate Decision and dot plot Wed 2pm. If Jerome confirms we will get a rate cut 6 times in 2024 at minimum, everything will rally for a little while. Until they realize wtf? Why is my mom letting me have ice cream before dinner and date that person she hates so much.

Watch mag 7

Watch yields

Economic data

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

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

This year’s Super Bowl tickets are the most expensive ever

As of Monday, the February 11 game is the most expensive Super Bowl on record, according to TickPick. The average price is hovering around $9,800, which is 70% more expensive than last year’s big game.

The current “get-in” price (the cheapest) for this year’s game is $8,188, which is more than 50% more expensive than the cheapest ticket price of last year’s Super Bowl during this time, when it cost $5,997.

Podcast Available on

Spotify | Apple | Google Podcasts | AmazonFollow me on Substack Notes

Recommended by

Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

Substack Featured 2X

Premium Service Preview

“Honesty in a sea of deception is of great value” - Ralph (Pledged)“I like your in-depth analyses of the markets as well as pointing out what might lurk underneath that could rise up to bite us” - Sorell (Pledged)—“Your Wrap on the markets every day keeps me focused and grounded” - Lj (Pledged)—"I want to learn how to read the market for longer term trades as opposed to what Wall Street wants me to do” G.M (Pledged)—"I like your objective view on the markets” Ron P (Pledged)—"Good info. Succinct and relevant. Very good calls this month.” Andy J. (Pledged)

I want to thank the 2000+ Subscribers who support the Substack!

* I plan to turn on premium when we surpass 3000+ total subs

* Pledging requires a credit card but it is not charged until Premium goes live

* What will premium include? (at minimum)

* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)

* Webcasts covering charts of all above

* Additional Premium only content viewable in daily show notes for Premium subscribers

* Complimentary PDF copy of the upcoming book "The Maverick Investor's Handbook" by Bill Cara, one of my mentors. (a $20 value but priceless learnings).*This book is geared toward longer time frame investors, Baby Boomers retiring who want to manage their own 401k/wealth, and younger investors trying to avoid the #YOLO gambling

* Over time you will develop ability to analyze the markets and become more comfortable making your own decisions and controlling your own wealth

I want in! How?Instructions:

* Subscribe by clicking “Subscribe” or this link.

* Once you are a subscriber, you should see buttons that say “Pledge your support”

Show Notes

Summary of the day

Never count out the Fed and their buddies.

Low volume rally surge

Breadth

* 1000 new highs

* 147 new lows

* 73% advancing 22% declining

* 29% below 50 day ma

* 33% below the 200 day ma

Stuck out

$VIX green

Strong

Weak

10 yr yield

AAPL down .36%

What to watch

Watch mag 7

Watch yields

Economic data

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

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