Volume, PPI, and CPI
The market is back to a tie ballgame and sitting at the lows of the year waiting to see if data indicates the target rate heading to 5% or the Fed pivot.
The market is back to a tie ballgame and sitting at the lows of the year waiting to see if data indicates the target rate heading to 5% or the Fed pivot.
Price without volume is incomplete. Here are two examples to show why being in a trade “alone” does not work and why volume confirmation is our edge.
It’s darkest just before the dawn . . . and also at the end.
Although the Fed is looking in the rear-view mirror, is the past finally catching up?
Bears remain in control of equities, but there are some slightly more favorable patterns in the ag markets, two we’ll be looking at tonight with corn and wheat.
In this video, I talk about a potential bearish setup that could occur over the next couple weeks and walk through and trade ideas on how I might potentially look to trade the move lower.
In this video, I walk through the Weekly and Daily Chart on GOOGL and discuss a potential move into earnings we could see, as well as two different ways to trade it.
It looks like it all kicks off Wednesday of this week when we get PPI & FOMC Minutes. Following that is CPI Thursday and then earnings Friday. This being the case, I am looking at bouncing around a little bit until then, when we see the next real leg.
Wheat and Corn both had big moves today but the clear winner was Wheat by a landslide. I continue to exercise patience with Coffee and want nothing to do with the Beans. Energy still works and I continue to think that 6.2 is the spot to pick up Nat Gas.