Not Your Advisor

Podcast EP 28 Breadth Smiles at us all (Aug 14)


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…all we can do is smile back.

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Show Notes

Here is the original scene from Gladiator, one of my favorite movies. I chose this episode’s thumbnail as a visual double entendre in a world of celebrity worship and social media mania. What is Rome but the mob!

I care not for this battle unless the duel is to the death. But while we wait for this speculative fight, we have a financial market to address.

Breadth

* 98 New highs

* 278 New lows

* 39% advancing

* 56% declining

Red open reversed by 1030am.

Semis pulled up everyone

11:07 feeble bounce

Then at 3:58pm

Strong

$SMH and $NVDA

pretty much everything was up or down approx .8-1%

10 yr yields and mortgages are very high

Weak

What to watch

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