I’m interviewing Alex Karp on “Making Money” today at 2 PM EST. This is an essential interview at the best time possible because the story of Karp and Palantir (PLTR) goes against Wall Street’s conventional wisdom, and the notion of smart money and dumb money.

Anyone thinking of selling, rather than salivating over buying opportunities, must watch.

We are in the Fourth Industrial Revolution, but it's not only technology. There is a different kind of freedom emerging and ideas of individuals achieving prosperity on their terms, and in old games with new rules.

The defeatist movement has too many people doubting their own potential and the potential of the country. The shakeup of the status quo is for the greater good. Don’t let the powers that be manipulate you.

Today’s Session

The market continues to move lower, and the question is when the brakes will come on.  You can throw old universal oversold signals out the window like moving averages.

Other metrics are screaming oversold.

• RSI
• Rate of Change
• Money Flows

Then there are Fibonacci numbers, which place the current level as a must-hold support point - failure here hints at a re-test of the August low.

Valuations continue to become more attractive.

The negative news flow that dismisses anything positive while banging the drums on worst case scenarios is winning out.

Check out another downtick in retail investor sentiment.

The market is a coiled spring.