S&P Pinball
Stocks continue to trade in some fairly extreme ranges, but their ranges have respected key technical levels. Let’s look at how that played out today and the levels to take into tomorrow.
Stocks continue to trade in some fairly extreme ranges, but their ranges have respected key technical levels. Let’s look at how that played out today and the levels to take into tomorrow.
High impact Hot Zones like the PPI offer pre-market daytrades that often set up the morning in the best way. Here’s how today’s S&P and crude oil intraday trends setup.
How do we know when high impact Hot Zones like the CPI, PPI, and Retail Sales are changing the expectations for FOMC rates hikes? In this video I walk through the details of knowing exactly how we can do this with one simple graph.
In this video, we look at today’s CPI numbers that came in very hot. We had a whopping 9.1% inflation rate which puts us at a 41-year high. As expected, the market was not happy with this and initially sold off hard. We have more data coming out tomorrow and an upcoming FED meeting as well. In addition, we have earnings season starting and this adds even more volatility to the market. What happens next and what can we expect?
In this video, we look at today’s CPI numbers that came in very hot. We had a whopping 9.1% inflation rate which puts us at a 41-year high. As expected, the market was not happy with this and initially sold off hard. We have more data coming out tomorrow and an upcoming FED meeting as well. In addition, we have earnings season starting and this adds even more volatility to the market. What happens next and what can we expect? Lastly, we go over a really cool setup for minimal risk and a great return.
Take a look at how Joe handled the CPI’s and worked a hedged box futures position — thus trading into an ideal risk : reward scenario.
Today was CPI. Tomorrow, PPI with some of the big name banks to kick off the earnings reports. This being the case, I’m looking for more of the same.
Bears were out in force on Wednesday when hotter than expected inflation data threw fuel on the market fire. Over the next several months we should make new lows, but into expiration we may have to consider a contrarian view.