Monday . How do whole sectors suddenly go out of favor over a weekend . How can it come out of nowhere . The answer is new data come out. When reassessed it changes the opinions of those who matter meaning the big trigger pull heres run billions and billions of dollars and are always trying to beat the s p 500, the fact that they rarely beat the s p 500 is important. They never stop trying and that explains what you saw. The dow declining 35 points. Nasdaq gaining. What new data am i talking about . Specifically the Employment Data here and the chinese trade figures over there. It passes for order in todays stockton where it creates a new interpretation of whats happening in the Global Economy that very minute. When i wrote lets. Get rich quickly. It was the macro information could move stocks regardless of the individual companies. The answer . Only one piece of information mattered that much. The labor departments Monthly Labor figures that came out on friday when the numbers were what printed, thats what we call it. The big buyers and sellers couldnt figure them out. Could we have job growth that was not as strong as it had been . But there was very little impact from one sector to another. Was it conceive panel traders, and believe me, it is all traders box stick with the Industrial Companies no matter what happened . The industrials didnt perform poorly on friday. Some dislocation in the once loved generic. Clearly from kellogg that showed genuine slowing in the business. People didnt want those stocks. So no real conclusive judgment. I think it was made on friday and everything went up. Then this weekend, chinas trade numbers came out and they were just plain disappointing. Imports were down there 18 straight months. Ouch. These numbers shocked people with 25 of chinese exports, there is been hopes that it would be more robust. As far as the imports, talk about a different month to month import story. For almost eight weeks china seemed to be importing all the iron and comer the world can produce. Its been a couple weeks in a row but nobody thought it could go this fast to. Make it worse, the chinese stockton which had not been behaving plummeted nearly 3 . The shanghai indecks got obliterated by selling and suddenly the margaret feels broken . Of course, the usual suspects played a big role in deciding the daily direction of the averages. Oil had been up big overnight until it got slammed by the chinese trade numbers and a change in the direction of the wind in the oil rich part of canada where firefighters are battling this horrifying wildfire. The result . A 2 swing from top to bottom. Of the price of oil. Of crude. Traders realized canada will be back on very, very soon. Take copper and iron, all they did was confirm oil. It is widely viewed as a barometer of health. How about this dollar . Stronger for the second week in a row even as things good for exporters. When you look at the greenback of minute over minute. Things are worse. Now youve got all the big picture things. If economies are slow, that means the Hedge Fund Managers sell the industrials. If the domestic economy is slowing, that means the big boys guy drugs and the Growth Stocks that can absorb the body blows. Plus fewer jobs means the long term case for biotech stocks comes to the fore. How does it play out . Take copper, gold and oil stock that was up more than 70 year to date coming into this morning. All three have been on fire leading up to friday. Even though 43 port sold its interesting in a gigantic copper mine for an astounding amount, roughly 10 of its value today. Holy cow. The absurdity here, if this hadnt occurred before fridays numbers, i think the stock would have jumped. Meanwhile, caterpillar jumped. The mining and Machinery Company saw the stock drop an astounding 18 . How about the flip side . Domestic stocks . What can i say . This is where the markets how sooncy really shinls. The most hate stock of lapt has been the drug companies. The ones that look like valeant. Who will be on this show with us later. That stock is not going down. Down another 6 . How about the lookalikes . Forget whether the analogy makes any sense. Getting very close, very close to paying 40 billion for all e begans drug business. Remember they did break out the pfizer thing. Nasty. The amazing thing about those who really love domestic growth. These traders will pay anything for it. Even if it is tainted. Consider the amazing comebacks in chipotle, hormonel foods, kroger, when chipotle had the first ever loss, i urged you to buy the stock. After todays gain the stock is now nicely where it was whether it was at that hideous number. Some disappointing numbers last week. Nobody likes biojens decision. But today those stocks were low. Hormel is back. So is the costly of feed. No foreign exposure whatsoever. Still, the sales were in a bit of a slow down. But hell hath no fury like an industrial stock scorned. Be this is strictly upon further review. I can call what happened today resumption of a long dorm an bull market. Heres the issue. The retail is being swept up. I get what happened. Theyre all doing really well. Were going to get earnings all week. Or will it be what happened with the stores . It was already down 11 for the year but fell by almost 10 after the market closed. Why . Horrendous sales. Thats the poor commodity price. Heres the bottom line. A market that changes on a dime can change on another dime and this is likely to do so on the first whiff of weaker date from those with newfound love. Dont get too carried away. The market gods crushed those who did 72 hours ago. Will in virginia. Will. Caller good afternoon, jim. My question for today on maritime oil. Ive been watching this stock. It it has taken a great pull back. Do you recommend i hold on or get out and sell . Im going for high quality. My choice is occidental. I like chevron and exxon. Oil wants to find its footing here apt 40, 41 and then i think it bounces. Bob in illinois. Bob. With the upcoming buyout, the schedule for june, should i sit on my position . We like the kaching of those situations. First time long time. Coming ought from new jersey. Gold is a traditional substitute. Do you see gold as a good buy . I dont trade gold. My feeling on this show from the very beginning, when we started, is that you should have a some assets in gold as insurance against craziness. More data more problems. Any new info come out calls for recessment. A market that can change on a dime can change again on a dime. All new averages. Is the big picture bull market a thing of the past . Im going off the charts to try to make sense of the recent action. Even though internet retailers are getting all the action, im telling you, find out which may be worth owning . And one of the most controversial. The ceo of valeant is joining me. Billions are spent to confuse and, dare i say it, flummox the american public. Save 16 on car insurance. Switch now. Well at compare. Com, we say enoughs enough. So we constantly scrutinize millions of rates. Answering the question once and for all, who has the lowest. Just go to compare. Com and get up to 50 free quotes. Choose the lowest, and hit purchase. So you can get back to whatever it is you civilians do when youre not thinking about car insurance. Compare. Com. Now that the averages seem to be leveling off, how do we make sense of this recent action . Has the big picture bull market run out of steam . Or are we experiencing a pause that could refresh . Weve just made our way through hard earnings season. Weve been bombarded by results and guidance. Then we got a weaker than expected report from the labor department. The Federal Reserve is a lot less likely to raise interest months next month. Thats a positive. Except for banks. So in a moment like this when the fundamentals can be overwhelming, you have to final your cue. Were going to carolyn, a brilliant technician who has made a lot of money. She is my colleague. In order to find out what she thinks. She argued thing were looking up. It was a very big deal. And we might have a lot of upside Going Forward. Sure enough, she mailed it. Since then, the s p 500 chimed from 1932 to 2050. Now, how did brodin do . Take a look at this daily chart of the s p 500. For those of hue dont remember the methodology is based on a series of ratios discovered by a medieval math genius. It shows up everywhere in the natural world. In pine cones and flowers and snail shells. And for whatever reason they seem to show up in the stock market. Basically it looks at the size and duration and runs them through the ratio of the fibonacci ratio. 50 , 61. 8 , or 100 . Shes looking to spot levels in periods of time where a given stock or index might be easy to change its trajectory. The great thing is that you can use it on the y access and the x access. Y is price. X is time. You run them through the filter of any of these. In terms of the market wide bottom back on february 11. They noticed a number of these coming do all around the same moment. From february 9 to february 12. When we checked in with her a couple weeks later, he that made her believe it might be a genuine bottom. Not just a tradeable battle. Broeden pointed out it lasted 68 days. Be the one from may to august. Put it all together and you had the greatest sustained bounce. However, a couple weeks ago she started tweeting about the big hurdles. Pretty timely considering we got hit with a fairly rapid pullback. What kind of hurdles is she talking about . Lets look at the longer term monthly chart. This is really important. First, when we spoke at the end of february she told to us watch out for the 2132 level to this. You can see it from this striped line. When the s p 500 started to approach those a couple weeks ago it got swatted down hike a fly. Now it is intractable. So that 2132, 57 area. A crucial hurdle to jump if it will get its chart mojo back. That one represented 3. 6 reality. Brodin says it will be clear. Lets go back to a different year we chart for the s p 500. Why else did brodin start to worry that the rally might be getting made out . If you look at the previous big upswing before this one, the robust rally going into last november, okay . It lasted for ten trading weeks. Once we got to i am a 22, there we go. When it peaked last november it was 24 weeks. To the previous top of may of last year. When we peeked a couple weeks ago. It was 24 world series. This is known as symmetry. It shes matching this with this and that with that. Meanwhile they noticed the timing cycles which suggested the bull move had run out of steam. It was clear it was very much about the charts. Which were giving people all kinds of reasons. Remember people default to charts . As i told, we are really in a miasma. After a terrific rally from the lows in midfebruary, here we go. The tech heavy nasdaq peaked at least for the moment on i am a 18. Right around the same time the s p 500 started giving up the ghost. This was something we could have predicted. It was 94 days. One day less than the 95day high to high move from the previous rally. I mean, to me, it is not a quince dense. It is too much. It is too much hike all the stuff that she shows us. The symmetry keeps making sense. Shes not saying its time for the nasdaq to get pummelled. So the charts as interim retd by carol, the jet fuel propelled rally that weve been having in the recent months. The high was on april 20, 20 level. If that ps, it is back on. In other words the charts say we need to be kashs you this this slirmt. It shows theres not enough money. Should you still be shopping for investments . Im telling you why all isnt lost when it comes to bricks and mortar. Then with the new ceo at the helm, a mad money regular, is it possible . Well be fully some morer to. And a power that holds everything from the. Im going to idti to see if it is in need of a reboot. So stick with cramer. We have way too many stores in this country. The number from all the major retailers with substantial mall exposure have been nothing short of disastrous. I cant final a single mall doing better than last year. Some retailers like sears holdings, i dont know. I have no reason for them to be in business. Weve witnessed a number of retail bankruptcies. Annas linens, quiksilver, rei, supports authority. These are nationwide chains with stores in many different shopping venues. Yet today, the largest strip mall operator hit 52week highs. While the largest retailer are just pennies off the week long high. Up 12 year to date. Theyve been among strongest performers in the entire stock market. Theyre performing the index about 6 for 2016. This is a puzzle we have to solve right here right now. The quarters they reached were just recorded. You can argue im cherry picking. Even the worse. How is this possible . How can the real estate this be as strong as they are despite the rise of omni channel, the Retail Business of amazon, the myriad bankruptcies. There are multireasons even though theyve failed. The short businesses here are a bit lower than the large part. Theyve roll over. How did they do it . When you talk about it in this country. Youre speaking of Office Buildings and then Residential Construction of apartments. Not strip malls and shopping centers. These companies are about as prudent as it gets. The Balance Sheets have reasonable amounts of debt. They can borrow low. When a vacancy occurs because one of the retail bankers goes bankrupt, it is good news. They can raise the rental for the next tenant. The rents have gone up consistently for years. So in a when a long term supermarket like a super margaret goes belly up interesting space can be rented out at a much higher price that the earnings tend to go higher immediately. Thats what it can do. Demand greatly exceeds supply in the trust that infls vo shopping. It is where you go in inclement weather. Simon and federal only make it in the most highly trafficked locations. The mall doesnt necessarily need to be park with more stores. Federal realty has explored the property for high quality z engs real estate. The assembly row problem has been a problem. Dhb talking about imax. Restaurants that would be in a mall. Chain stores like this ross them need more locations. Theyre Bargain Basement prices often undercut those of amazon. While it is perfectly natural to be they within shorts, given all these positives all i can say is, think again. Caller booya, jim. Greetings from the home of the allstar game. Jim, going into, i want to talk about game stop. The reported earnings on the 26th. And i want to get your take given the market this volatility. Boy, game stop is as tough as it gets. The stocks got about a 5 yield. Hes not totally in the old malls. And yet im gun shy about retail. Lets put it that way. I want to lumpl game stop into retail because there are some challenges. It is difficult to say i want to you buy it right here and right now. Go ahead. My question about whirl pool stock. It has jumped quite a bit. All the way to 190 which has been the high for quite a while. Now it has drop off again. Im wondering if it is something to be concerned about. You know, i remember in 1982 going over this stock for my personal account when i was trading i said look at all the brazil exposure. Mall retailers might be in trouble but mall real trusts, thats a different story. Call it revenge of the mall. Theres. More ahead. Tonight ive got a couple involved plus, ill anxious your sk show me movies with romance. Show me more like this. Show me previously watched. Whats recommended for me. X1 makes it easy to find what you love. Call or go online and switch to x1. Only with xfinity. An incredible chance to check in with what may be the most controversial in the market today. Im talking about the pharmaceutical rollup. Over the past year, it has been accused of price gouging, the one that worries never most, accounting. They announced that theyre replacing their admittedly low, here is the question we need to ask. Is it possible valeant can turn itself around . We dont know the answer. Lets take a closer look with the brandnew chairman and find out what he thinks about this countrys prospects. Welcome back to mad money. Good to see you. This is a tough one. Ive known you many, many years. Youre going to a company that while there are 20,000 people who are all very nice, one of the Great Investors of our time. The said jacked up prices, why would you want to be a part of that . Ive been in the pharmaceutical business for 35 years. What ive tried to do is go to the data. I hear a lot of news. Good and bad. In material of the growth theyve grown phenomenally in the eight years that mike was there. Theres some noise. I know that. I looked at the information. What do the people look like . Candidly many of the people there, 22,000 people. All dedicated to trying to improve patients lives. Saying if the accounting had been semiinteresting company would have lost money rather than make 8. 14. Im sure the people are very nice. But account thing seems wrong. So i understand. Let me go through this. What else is there . That was the other thing. They have a global leading brand in a number of areas. The bausch lomb products. Great products. Leading brands in dermatology. Leading brands in the g. I. Industry. That was really important to me. Do you know the Biggest Surprise and what really got me. I looked at the pipeline. Are they going to grow organically or not . We have 33 products in the pipeline. Ten products that will launch in the next 10 to 18 months and they have products in the dermatology space. Products in the gastrointestinal space. New products for glaucoma. More than 30 billion in debt. The research, look at the r d bug. Pfizer and merck are 15 . This isnt a knockoff drug company. They have to spend more money. You have to be able to pay this debt. You must have to sell some debt. This is a situation thats dire. He know we have some things to work. On i believe well be generating cash. Weve got over 10 billion in sales. I do think the foot present is in place. Do i have to execute on things . The first thing i need to do is stabilize the company. Working with patients. Then i have to turn it around and that will be launching some new products. I have to make sure that i take care of the debt holders. Im comfortable we have a plan to take care of debt holders. And then generate the total share on the return. You do stand to benefit, according to the press reports, 65 million is the package if things go right. You left and you get this. Are you doing it for the money . This is not about the money. This is about to me, i love the pharmaceuticals. This is an industry that does more good for people than any other industry if i can may a small role, i think i will have done something important. Thats what this is all about. You were last on in february. You were urging people to not tender