Blake Young flagged a bearish cluster yesterday. Today every single sector closed in the red.
Tomorrow’s non-farm payroll could turn this pullback into something much bigger. Blake mapped out three specific short setups built for exactly that scenario.
The number is expected to collapse from 178,000 to just 65,000 new jobs. A miss below 65,000 has not been priced into the market.
Blake noted the labor market needs to print near 200,000 just to absorb normal growth. Anything weaker accelerates the damage already showing up in financials, industrials, and basic materials.
Basic materials printed a 2% engulfing candle from high to low today. Blake calls that move a peak signal for the broader economy.
Tonight’s video breaks down the exact entry points, confirmation levels, and downside targets:
Wells Fargo (WFC) broke through horizontal support after printing a full set of lower highs and lower lows. Blake is targeting a drop to 75 using short call verticals, directional puts, or a straight short on the stock.
U.S. Bancorp (USB) triggers a slide to 52 on a break below 55, with potential extension to 50. Blake is positioning for a 10% drop across the big banks.
Blackstone (BX) confirms continuation below 121, with extra confirmation through 118. A return to 101.50 represents 15% to 20% downside tied to private credit exposure.
Blake also identified the rotation trade setting up in consumer staples, utilities, and healthcare. Gold remains his preferred inflation hedge with a target of 5,200, roughly 15% above current levels.
Comments
Log in or sign up to join the conversation.