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Saturday, August 30, 2025

Markets Dumped on Labor Day Friday. Gold rallies to all time highs, + Bitcoin Crypto

 I'll tell you what; the powers that be would've never dumped the market on a Friday, leading into the beginning of Christmas shopping season (Labor Day sales), on Joe Biden's watch. 

 Perhaps there is some really bad news on the way, or it could be that once the 6500 target on the S&P 500 was breached, traders couldn't wait to take profits? Another possibility is that we just saw a quick re-balancing, ahead of Sept. 1st., knowing nobody with half a brain would want to get short ahead of another long weekend.   

Normally, I would call yesterday's market behavior, as "dash for the exits", but you don't see names like Apple being sold, and the $VIX only managed to hit the low 15s. That's low, in case you didn't know.... 

 

What did they sell? 

J. Cramer favorite Marvell $MRVL -18.6% 

 August 16th, 2025 

Jim Cramer on Marvell: "I Want You to Buy More" 

I'll let you decide if Jim Cramer intentionally set the bull trap, but I can tell you that any technical analyst with a valid chart, knew damn well, MRVL was a strong sell...  
 
Marvel Technology $MRVL 3 year DCS chart - see for yourself. 1. The gap (fill) target. 2. The 200 day moving average was sold. 3. The bearish back-test at the lower end of the pattern. Note: Friday's massive selling volume! 
 
 
Investors slaughtered 8/29/25 

What else did they sell? Tesla, and that says a lot about whoever is doing the selling imo    

Here's an interesting take on Tesla $TSLA 

  Published @ benzinga.com 

August 30, 2025 4:33 AM 3 min read

Tesla Stock 'Engineered, Not Earned,' Says Gordon Johnson As Call Buying Surge Drives Put-To-Call Ratio Down

Analyst Claims Options Manipulation Behind Tesla’s Stability

Johnson, an analyst at GLJ Research, alleged on Friday that Tesla’s stock prices are being artificially supported through options market manipulation rather than fundamental performance.

“TSLA isn’t trading on fundamentals – it’s being actively manipulated through the options market,” Johnson wrote on X. “Despite abysmal news, the stock is flat. Why? Someone is aggressively buying calls.”

 I can't help but wonder if Grok (AI) is seeing anything "suspicious" in the options market? 

Bezinga may have some credibility among the trading community, but I subscribe to the theory that it's best to, "believe none of what you hear, and only half of what you see", and especially when it comes to the financial networks.

They also sold NVDIA $NVDA with Semiconductors, of course, and I kinda saw that coming...

 

What DIDN'T they sell? Google (trading at new highs), Apple, and Microsoft (only down -.5%) 

The talking heads in lame stream media, will tell you stories about seasonality and Sept. being one of the worst months, but for now this looks more like a continuation of the Mag7 balancing act we've seen over the past several years, rather than any kind of serious correction. 

Gold 

 Gold managed to eek out a slightly higher high, driving precious metals miners towards our target. 

 So it's the same MO: Rotate into Gold miners, or Crypto, or Natural Gas, while trashing tech, and whatever else the retail investor has been investing in. It's a racket. 

Speaking of Crypto: After Friday's close CNBC Fast Money was seen reporting the, "new all time highs, and what an incredible run it's been, but those kinds of false statements are juxtaposed to what I'm seeing in the charts.

 Bitcoin $BTC Labor Day Weekend - sure the run from April was pretty incredible, but the slightly higher new highs have since vanished.

 


Bitcoin is currently back-testing the previous high (@ 108k) we saw around Memorial Day, and if that support breaks, I suspect all hell could break loose, in the heavily pumped Crypto space. 

 And I suspect the final outcome will be far worse for the likes of Ethereum $ETH

 It looks like the 2X Ether bear ETFs are already breaking out, but trading these funds are not for the faint of heart. 

 

 Take Care, 

AA  

 

 

 

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