Chart Of The Day: The Bellwethers

Well well well, tomorrow is the first jobs report since Trump fired the head of the bureau of labor statistics.

Of course the question is - do they rig the number and how will markets react?

I mean Trump wants the numbers to look good, but he just had the numbers he needed to get the rate cuts he wanted and didn’t like that.

So naturally Mr. Market is confused.

And now with that confusion he has some dark thoughts in his head. You know - he’s listening to all the old D-12 albums, and now he demands to be called she after being pumped full of drugs by the doctors at Central Banker University.

It seems to be just a matter of time before they have a psychological break.

Of course that doesn’t have to mean break lower.

In fact, a very interesting headline hit the tape today

‘retail traders lose interest in Nvidia’

Now that’s a dog whistle if we ever heard one, so we have to check out the chart.

You can say ‘oh look a top’ - but also this is potentially perfect little bottom spot. It probably depends on tomorrow’s reaction plus the reaction to Avago AVGO earnings go tonight.

And then look at Robinhood basically being the same chart. Tuesday’s low could be a bottom OR below that another move lower is underway

Whatever happens from here, it’s not going to be chill. Good luck