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Market Update: Is a Deeper Selloff Coming?

NowPress play to follow along0:00 / 14:49
Chapters9 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

Voluntary profit-taking and stop management

  • Voluntary profit-taking as exit strategy
  • Tightening stops or bailing on losing positions
  • Lightening up on positions for sentiment
  • Avoiding greed and stupidity in trades
1:59lesson

ES and NQ behavior with market sentiment

  • ES stubbornly holds horizontal line
  • NQ breaking down after strong performance
  • Semiconductors driving NQ decline
  • Broadcom CEO comment impacting market
  • Market movement attributed to narratives
4:04lesson

Market rotation and sector analysis

  • Rotation into consumer staples and software
  • CRM and ServiceNow showing strength
  • Market movement driven by narratives
  • Lazy writers attributing moves to headlines
5:37lesson

XLU and position management

  • XLU as favorite position with volatility
  • Canceling stop order to observe market
  • Reestablishing stop at 41.85
  • XLU moving with yields but has its own pattern
7:21lesson

Quantum stocks and market patterns

  • Quantum stocks showing steady decline
  • Lightening up on quantum stocks
  • Ion Q and QBTS as examples
  • XLU as clean pattern with potential for rally
9:15lesson

Quantum computing and government interest

  • Quantum computing as beautiful and complex
  • Government funding for quantum research
  • Focus on error correction and breakthroughs
  • Quantum as new space race with China and Russia
11:12lesson

Bank stocks and chart analysis

  • Banks not charted due to lack of interest
  • XLF as interesting but not traded
  • Earnings season ignored for first week
  • Banks as too big to fail
13:01lesson

Brazil EWZ and election impact

  • EWZ as example of fading earnings
  • Conservative party victory in Brazil
  • Bailing on EWZ for 12 cents profit
  • Interest in Brazil election outcome
14:42lesson

Market summary and earnings impact

  • E-mini S&P down 7, NASDAQ down 130
  • Dow up 400 but faded
  • UNH earnings fading
  • Yields and dollar down despite expectations

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