Tuesday 10/25/2022

INTRO

I bet the bears are going to have fun tomorrow on Twitter for a little while. Did the 4 horsemen ride into town today? Maybe one of them did, but I didn’t see all 4 in the data tonight. Looks like the first sell day in a long time, but not a big sell day. My thoughts at the moment is that they sold some megacaps, but not all of them (yet).

From last night:

I don’t think the institutions are selling in volume yet. Time to be careful because indexes at resistance.

You know what happens when indexes are at resistance? The boys find a reason to sell them down. Earnings is a great time for that. I see some selling today, and I’ll talk more about that in the paid section.

They need TSLA again tomorrow if they want to run the market up.

I hope that at least one person read my commentary about TSLA and took it up today.

SPY PRINTS

I’m skeptical that the end of day SPY print is selling. Might be, but that is really small. If they were in a hurry that number would be $4B (or more). They are not in a hurry to exit yet.