Tim Knight walks a deeply split tape on the first day of Q4. Tech is ripping, with the XLK printing an intraday lifetime high, while the Dow, his biggest and favorite short via the Diamonds, just broke to a new multi-month low. The S&P sits in the middle, failing back below the 762 gap after it held as support earlier in the week. His word for it is bifurcated, a market where half the names are already falling while a handful of leaders hold the index up.
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Chapters
00:00 An annoying but working market
00:41 The S&P fails the 762 gap
01:20 A bifurcated tape
01:56 Covered the Diamonds short
02:48 XLK at a lifetime high
03:05 Foreign markets and EFA
04:08 A victory lap on Mexico
05:05 Precious metals still vulnerable
07:20 Crypto finds strength
07:54...