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.
Appears last chance for the bulls to get something going is tomorrow. The odds are heavily stacked against them and favor a break and a retest of the lows. Let’s review both sides in this video.
Binary event tomorrow determines whether bulls get their seasonal push or whether bears feast for the summer.
After a dramatic sell-off in crude oil, here is the setup I am looking for tomorrow and the criteria that would validate a long position.