Podcast EP 70 Just Say No to Drugs (Oct 16)

“CVS, Walgreens and Rite Aid are closing thousands of stores. Here’s why”https://www.cnn.com/2023/10/16/business/drug-stores-closing-rite-aid-cvs-walgreens/index.htmlPodcast Available onSpotify | Apple Podcast | Amazon MusicFollow on Substack NotesReferral Program for existing Subscribers* When you use the “Refer a friend” link below or the “Share” button on any post, you’ll get credit for any new subscribers. Here is the link you can copy and paste into any email, text or social media platform:“https://nyugrad.substack.com?r=1ec55c”* Once I launch a paywall, your referral credits earned will be retroactive immediatelyShow NotesSummary of the day* As I have stated we have a date with the 50 day MA sooner or later this week* Rite Aid has filed for Chapter 11 bankruptcy* Strong rally across the board from 10am through the afternoon. The hopes of a positive resolution to the conflict in Israel and potential cease fire in exchange for hostages. * At 2pm breadth was negative despite the rally. 87 new highs vs 286 new lows.* Some charts* Equal weight S&P about to trigger bearish ma crossAAPL struggling with the 50 day* 2:12pm 10 yr still too bullish* Next fart launches $VIX* $ITB looks like it will fall into the abyss* I still see oil above $110Breadth* 96 new highs* 321 new lows* 69% advancing 26% declining* 75% below 50 day ma* 67% below the 200 day maStuck outYields were green. $TNX up 1.75% StrongEvery sector was greenWeakVolatility down 10.9% giving up a lot of the gains from FridayWhat to watchWatch mag 7 Watch yields Economic datahttps://www.marketwatch.com/economy-politics/calendar EarningsFinancial Freedom is not free, but the pursuit is worth the treasure. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.notyouradvisor.com/subscribe