A person is talking about how the stock market is doing and what people should do with their money. They say that the number of people who lost their jobs (jobless claims) is important to watch because it can tell us if the economy is getting better or worse. They also talk about how some big technology companies (called the Magnificent Seven) are doing well and people are buying their stocks. They say that people should be careful with their money and think about how much they want to keep safe and how much they want to risk for more money. Read from source...

- He claims that buying on jobless claims is flawed because the data is volatile and not reliable.
- He argues that using a four-week moving average of initial jobless claims is a better indicator.
- He suggests that smart money is buying stocks, gold, and oil, and that investors should consider continuing to hold long-term positions and adjust their hedges accordingly.
- He warns of the potential for more volatility in the market and advises investors to be cautious and prepared for both upside and downside.

One key point that AI makes in his critique is that the stock market is consolidating in a support zone, and that a break above or below this zone could signal further moves in either direction. He also points out that the Treasury auction was weak, which could contribute to further market weakness if the 25B auction of 30-year Treasury bonds today is also weak.

1. The stock market is consolidating in the support zone and investors should watch for a break above or below the support zone.
2. The bond ETF TLT and inverse bond ETF TBT should be watched as the $25B auction of 30-year Treasury bonds could affect the stock market.
3. Jobless claims are a leading indicator and prudent investors should look at a four week moving average of initial jobless claims.
4. Money flows are positive in the Magnificent Seven AI stocks, but mixed in SPY and QQ