Not Your Advisor

The Chevrolet Camaro is dead once again!

https://www.roadandtrack.com/news/a46146387/chevrolet-camaro-production-ends/

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Jan 1, 2024.

It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Jan 1, 2024

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

IMPORTANT. This entire FOMC induced rally is being engineered. One day after Powell speaks and says the fight is not over, while wall st interprets it as the Fed Pivot due to dovish dot plot, NY fed goes on CNBC and says we are not talking about cutting rates.

This is about wall st bonuses. CEO bonuses. Fund Manager Bonuses. They are measured on increasing shareholder value. Higher price means bigger bonus. More secret lovers. More Ferrari’s. Another house in North Fork or Incline Village.

More importantly, the fact wall st is telegraphing rate cuts is inflationary. When and if inflation rages, who will believe The Fed has the tools or courage to fight it with 9% plus fed funds rate?

No one is managing risk amymore. Everyone is leaning to one side.

Be fearful when everyone is greedy.

Breadth

* 735 new highs

* 124 new lows

* 32% advancing 63% declining

* 21% below 50 day ma

* 34% below the 200 day ma

Stuck out

We are just drifting

Strong

Tech

Weak

All other sectors

What to watch

USD and currency pairs

Inflationary Commodities. Are they rising?

Like Oil

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.

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Jan 1, 2024.

It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Jan 1, 2024

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

10 trading days left!

Rotation out of Magnificent 7 and into Russell 2k and Housing related

EU to open membership talks with Ukraine and Moldova

VIX was green

10 Yr was down but closed off its lows and fought back all day

Oil finished up but off its highs

Breadth

* 1,920 new highs

* 119 new lows

* 74% advancing 22% declining

* 20% below 50 day ma

* 33% below the 200 day ma

Stuck out

Except TSLA and NVDA, magnificent 7 were red

Strong

Real Estate

Energy

Basic Materials

Weak

Adobe down 6.35% plus

What to watch

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.

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Jan 1, 2024.

It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Jan 1, 2024

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

FOMC declaring victory on inflation is akin The Japanese Empire declaring they will fight until the end, right before the B-24 flew their two missions in WWII.

On Nov 5 Podcast #84 I noted the Fed basically pivoted. But now the public media and wall st are also declaring such.

The data the Fed is spewing at us is completely ficticious.

Stocks are melting up

But trouble is showing up with real inflation. USD and yields sold off hard. Oil, hard assets and crypto are now also spiking

Home builders and loan product sellers are exploding.

The household is about to get hit with another inflation bomb.

The things the fed doesnt count that take up more than 60% of our take home pay, are about to go higher in price while the USD falls.

Scary times

Here is a good summary of the FOMC news today. Joseph Wang runs Fedguy.com but used to be a trader on the Fed’s open market desk.

Breadth

* 1,471 new highs

* 243 new lows

* 82% advancing 14% declining

* 22% below 50 day ma

* 36% below the 200 day ma

Stuck out

Santa Rally is here.

Inflationary items seemed to bounce.

* Oil

* Home builders

* Gold and Silver

* Crypto

* USD weak

Strong

All risk assets

But curiously Tech didn’t lead

Weak

USD

ADBE - on light quidance

ANYTHING BEARISH

What to watch

OIL

VIX

GOLD

BONDS

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.

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Jan 1, 2024.

It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Jan 1, 2024

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

YTD

Either FOMC leaked or we are front running. All green. VIX and Oil going to zero.

Insurance is free. Unless you believe VIX is going to zero.

Oil is pricing in a recession or new found supply

“These violent delights have violent ends!”

Breadth

* 834 new highs

* 240 new lows

* 49% advancing 47% declining

* 26% below 50 day ma

* 41% below the 200 day ma

Stuck out

CPI came in and we rqllied higher

VIX closed off lows but trajectory is zero

Oil closed at lows $68.79

Strong

Weak

What to watch

Wed FOMC 2pm

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.

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Jan 1, 2024.

It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Jan 1, 2024

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

* Low volume

* SMH lifetime highs

* Bitcoin under pressure with regulation around corner

* $WFC in news about predatory lending and targeting certain demographics

Breadth

* 812 new highs

* 210 new lows

* 52% advancing 43% declining

* 25% below 50 day ma

* 41% below the 200 day ma

Stuck out

The Wells Fargo news, while not surprising, is sad. The customers have been sold this “American dream” which just is fictional at this point.

“Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination”

Published Mon, Dec 11 202310:00 AM EST

https://www.cnbc.com/2023/12/11/wells-fargo-mortgage-lenders-probed-over-racial-discrimination.html

Key Points

* Wells Fargo received an official notice from the Consumer Financial Protection Bureau on problems with its use of mortgage rate discounts, sources said.

* Wells Fargo hired a law firm to grill mortgage bankers whose sales included high levels of the discounts, said the sources.

* Several banks received MRAs about lending practices last year, the CFPB said without naming any of the institutions.

* In their industry review, regulators found “statistically significant disparities” in the rates in which Black and female borrowers got pricing exceptions compared with other customers.

Strong

Weak

Mag 7

What to watch

Tue CPI 8:30am

Wed FOMC

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.

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Jan 1, 2024.

It has been less than six months and I want to thank the 1800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Jan 1, 2024

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

The title wasn’t a typo. Someone is withholding the truth.

* % of companies with strong/healthy Altman Z-scores (which combine account profitability, leverage, liquidity, solvency, activity ratios, etc. to measure bankruptcy risk) has dropped below 10% for first time on record per @fathommacro @lizannsonders.

https://twitter.com/LizAnnSonders/status/1732743034100428951

* Jobs data beat this morning. It was the Goldilocks print. Not too hot not too cold. Won’t trigger Powell to raise, yet Americans are still gainfully employed, is the deduction

* Jobs data has been revised down almost every time this year after the fact!

* Consumer credit has never been higher in the history of Homosapien

* This has been the longest period of yield curve inversion in financial market history

* $VIX is pricing in no landing

* #Bitcoin $BTC is pricing in a useless faux currency

* Magnificent 7 made up 80% of the S&P 500 YTD gains in 2023

* all consumer stimulus programs are now past us

* The last time Gross Federal Debt as Percent of Gross Domestic Product was at this level, World War II was ending and we went deep into debt to defeat the enemy.

2024 financial markets are 100% going to either move violently lower or higher. I don’t expect a tight range. The real world experience may also be very extreme. It is time to get our own houses in order and be strong mentally, spiritually, physically, & financially so that we can provide for our families.

Breadth

* 583 new highs

* 154 new lows

* 56% advancing 38% declining

* 24% below 50 day ma

* 41% below the 200 day ma

Stuck out

Stocks are on a 6 week win streak

SPY is 7 points away from lifetime highs, SPX 204 points away

Breadth is still strong to the positive

Strong

Energy, Tech and Financials lead

Weak

Gold

GDX down 2.11%

Yields week for the past month but trying to stop going down at 4.2%

What to watch

Watch yields

Watch Mag 7

Economic data

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

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

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Jan 1, 2024.

It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Cyber Monday, November 27th

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

Welcome to episode #100, sort of. Because I skipped #13 to avoid bad luck 👍

Breadth

* 257 new highs

* 157 new lows

* 66% advancing 29% declining

* 24% below 50 day ma

* 41% below the 200 day ma

Stuck out

Homebuilders continue to amaze

Strong

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 pursuit is worth the treasure.

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Jan 1, 2024.

It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Cyber Monday, November 27th

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

Welcome to Episode #99. If you didn’t know the number is considered very lucky and designated as an Angel number. It is also a very lucky number in the Chinese culture. Chinese people like 9 very much as 9 has the same pronunciation with 久 (Jiu, meaning everlasting). On the Valentine’s Day, a man usually presents his lover 99 or 999 roses to symbolize the eternal love.

Meaning of Seeing Angel Number 99

If you keep seeing the number 99, your guardian angels are trying to convey that a significant chapter in your life is ending. This ending brings you an opportunity to embrace new beginnings and seek spiritual growth. Your angels want you to focus on your spiritual journey and inner wisdom. Listen to your intuition, trust your instincts, and work towards your divine purpose.

* Magnificent 7 all closed red (TSLA +0.27%)

* Selloff last 15 min of day, otherwise we didn’t do much

* Gold is taking a breather. Will $2k hold? Can it rocket to new highs?

* 10 Yr is trying to bottom but the move from Nov is still amazing

* Is Oil telegraphing a recession and peak demand in the rear view?

* K Hov ($HOV) up big after earnings but it has had trouble overcoming this descending trendline

Breadth

* 394 new highs

* 156 new lows

* 43% advancing 51% declining

* 26% below 50 day ma

* 43% below the 200 day ma

Stuck out

NYSE Up Down Breadth didn’t do much until 3pm and then sell off pressure at 3:45pm

Strong

Weak

What to watch

Jobless claim data Thu am

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.

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Jan 1, 2024.

It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Cyber Monday, November 27th

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

$SPX VIX ratio chart is at lifetime high. You should be buying protection. Not new long positions

100 Basis Point Rate Cut In 1 month is basically what has happened

Animal Spirits

$ETH

Breadth

* 266 new highs

* 149 new lows

* 29% advancing 66% declining

* 25% below 50 day ma

* 43% below the 200 day ma

Stuck out

Yields are pinned at 4.1%

Strong

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 pursuit is worth the treasure.

Podcast Available on

Spotify | Apple | YouTube | AmazonFollow me on Substack Notes

33% Discount Ends Nov 27th.

It has been less than six months and I want to thank the 1,300+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.

* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)

* 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

* Timing: promotion good through Cyber Monday, November 27th

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”

* Enter your information on a page that looks like below

Show Notes

Summary of the day

Breadth

* 442 new highs

* 105 new lows

* 44% advancing 50% declining

* 24% below 50 day ma

* 41% below the 200 day ma

Stuck out

Gold as I warned, got smacked…for now.

Strong

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 pursuit is worth the treasure.