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The S&P500, Nasdaq-100 and Dow Jones rolled over late in New York trading hours yesterday. In staff personal accounts we moved to 1:1 hedged in each of those indices, as you will have seen in Slack alerts if you're a paying member here.
Here's what we posted yesterday as markets topped out.
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The Russell continues to dance to the tune in its own head, rather than the music that everyone else is listening to; it commenced its retracement of the November up-move already. On the single stock front, the financial sector and Dow picks we named in this service back in June and July look to have found their footing - even Disney, up 6.5% on the day! - and be putting in some gains. TTD, a High Beta portfolio name here, got hit with a -30% move after hours; we'll report on that over the weekend. This has been an excellent long term investment name and it's likely the reaction is excessive.
Let's turn to our usual charts. But before that, a message from our sponsor.
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Paying members, scroll right down for our latest take on markets. As always we look at the 10-year yield, the S&P500, Nasdaq-100, Dow Jones and the Russell 2000; we consider long-term and short-term outlooks, and we lay out staff personal account trading plans in each of the indices. We add Bitcoin and Ether futures pricing for good measure.
Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.