Yes that's another new 52-week low for Consumer Discretionary relative to the S&P500. But don't worry, the consumer doesn't matter. I'm sure it'll be fine.

For those of you who are willing to actually count for yourselves, this is the opposite of breadth improvement

Great look here Sam Ro 📈

One has been going up and one has not. The Dow Jones Transportation Avg down another 1% today, hitting the lowest levels since November allstarcharts.com/how-to-adapt-t…

Adapting to changing markets. twitter.com/i/broadcasts/1…

This market is not like last year. We've been talking about this since February. But here's a really good way to look at it. We're seeing the most amount of stocks in S&P500 above their 200 day BUT also below their 50 day since 2021. So what do we do now? allstarcharts.com/how-to-adapt-t…

Because trends.

The Median Stock is at the same level it was in mid-December, except momentum is way worse now

China has just under 2300 tons of Gold, which is about 4.3% of the country’s foreign exchange reserves. At today’s Gold prices, that’s worth about $160 Billion. Of the $16 Trillion Gold market, is $160B from china considered a lot? Seems like a tiny number. Where am I wrong here?

I finally saw a $CELH in the wild for the first time in my life. The Stock is down 25% already in just a few weeks since then. Funny how that works.

they've been telling me all year that small-cap breadth has been improving. but then I go and actually count for myself, and it turns out that it's the exact opposite. breadth in small-caps has just continued to deteriorate allstarcharts.com/bond-crash-imp…

Buying bonds because you think stocks are going to fall has been the worst possible decision an investor could have made allstarcharts.com/bond-crash-imp…

I don't know why people still think rates are going up. twitter.com/i/broadcasts/1…

Small-cap Tech stocks are already down 10% just this year alone. As bad as small-caps have been in 2024, Technology has been the worst of the group allstarcharts.com/bond-crash-imp…

Here's what the fake internet money looks like vs real assets

So far in 2024, the Dow Jones Industrial Average is flat year to date. Small-caps are actually still down for the year. Bonds have been getting killed as rates rip higher. Your leaders in 2024 are Crude Oil, Gold, Silver and Copper, who keep dominating returns.

Big thanks for featuring me as Chart of the Day!

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I had a blast on this one with Coronado 'Porch' Lindzon, Pearl & J.C. Parets

Enjoy.

youtu.be/5Zc2H_5eSA8

A reversal candle without follow through is just a regular candle.