The Nasdaq futures are strong today +83 ticks today to 11175. The underlying strength here is being met with a diverging RSi signal. Whether or not this will transpire into a reversal before NFP tomorrow is anyone’s guess. With a median estimate of 1.5m job gains, it seems like the market is insisting a beat of that estimate is coming. Then again the Nasdaq hasn’t needed another excuse but QE as our readers well know. Check out the NQ chart:
So the Nasdaq continues to run and so too did Bezos who dumped 1 million shares this week ($3Bn worth). This isn’t really news if you look under the hood, rather just prudence in our book and as Zhedge pointed out:
The Bezo sold the majority of the shares between $3,106 and $3,167, decreasing the number of shares he beneficially owns from 55,488,700 to 54,488,700. The extreme wealth should be quite obvious here and for those that don’t think that this equals power, don’t kid yourself!
To be honest we are surprised he hasn’t sold more over the years a…
