Right now in fast stocks kicking off the new month and the new quarter in a big

up note with the S&P rising more than 1% but one of our traders says there is

another chart that could be telling the true tale of the tape we'll find out

what it is and what it says about the markets direction. Plus it's been a

rough week for pot stocks the MJ cannabis ETF dropping nearly 10% so has this

trade gone up in smoke for good and a Cole's kiss off shares seeing their

biggest drop in over two years after scrapping a deal with the franchise

group the chairwoman makes a special appearance to tell us what has got her

even angrier. I'm Melissa Lee this is fast honey life in the Nasak markets

I'd on the desk tonight Courtney Garcia Tim Seymork will join us shortly Steve

Brasso and Pete Nigerian co-founder of MarketRebellion.com we start off with the

most important chart in the market according to one of our traders. T-bills

versus the semi spill over the last five days bond prices have rallied with

the yields in the 10-year dropping below 2.8% today for the first time in

over a month meanwhile the SMH semi conductor ETF has plunged down 9% just

this week far outpacing the losses that we saw in the broader markets so

Brasso we pointed the SMH is very important all the time and the declines and

yields I mean they were just breathtaking this week. Yes they were and if I

look at yields on a on a basis going back for a two November 2018 to the

highs of June basically 2022 the 50% retracement for yields is 2% the reason why

I bring that up is that those two dates the 2018 date and the June 2022 dates

that looks like to me a double top for yields so I do think we're going to get

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