Quick observations (TTG Members receive audio messages throughout today + premkt analysis) - Breadth mixed to weak - Bonds down slightly on day TLT -0.4% - US Dollar stronger +0.5% - VIX +2% 23 - Crude -3% Nat Gas +7% Bottom Line: Choppy price action today with S&P appearing to catch some selling around $ES_F 4k (see chart below). We are seeing a little bounce in Value stocks that got sold on Friday and QQQs are holding in there after falling ~ -1%. Pot stocks, Metals, Energy, Treanports, Telcom, and Biotech are your leaders and Clean Energy, ARKK, and Home Builders are lagging.
TTG Midday Observations & Charts 11-14-22
TTG Midday Observations & Charts 11-14-22
TTG Midday Observations & Charts 11-14-22
Quick observations (TTG Members receive audio messages throughout today + premkt analysis) - Breadth mixed to weak - Bonds down slightly on day TLT -0.4% - US Dollar stronger +0.5% - VIX +2% 23 - Crude -3% Nat Gas +7% Bottom Line: Choppy price action today with S&P appearing to catch some selling around $ES_F 4k (see chart below). We are seeing a little bounce in Value stocks that got sold on Friday and QQQs are holding in there after falling ~ -1%. Pot stocks, Metals, Energy, Treanports, Telcom, and Biotech are your leaders and Clean Energy, ARKK, and Home Builders are lagging.