CPI Tomorrow
After a rather hot PPI report this morning we will get another number in the morning, CPI. Let’s see what is in the cards but either way I have a plan for you that we can look at in tonight’s update.
After a rather hot PPI report this morning we will get another number in the morning, CPI. Let’s see what is in the cards but either way I have a plan for you that we can look at in tonight’s update.
The rally was fierce, but it was just a vacuum back to the mean.
Put these levels on your chart each morning and then follow their lead.
The NDX index is showing some loss of momentum at the daily 50 SMA. In the meantime, some of the big NDX stocks, like MSFT and AAPL, are showing some small bear flags.
Pre-earnings momentum is right on schedule, just as the Hot Zone said. Meta was my top pick for a pre-earnings momentum setup, and it’s made my first set of targets. Where do we go from here? Let’s take a look. In addition to rising prices, we are also seeing rising volatility, which will be great for overnight earnings trades. I’m discussing these setups during my free webinar this Wednesday at 7 p.m. CT where I’ll demonstrate how I made $1367 on ADBE overnight, and more. Join me by signing up at www.simplertrading.com/nightly to learn more.