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CPI Is Out, PPI Still To Come
In this video, we review today’s market action after the “hot” CPI numbers that came out premarket. We got an initial flush and then a bounce which ultimately ended up giving us chop all day long. We still have PPI tomorrow so we could go either way and then we have the FED meeting next week so that is what we are all waiting on for clarity.
What Does The CPI Non-Event Mean?
Today we got both US and Japan’s CPI as well as UK’s GDP. None of which were enough to reprice the market. What next and what will it take for price to move out of this range? Let’s look at that tonight.
Dark At The Top Of The Stairs
There is plenty to be aware and wart of but there is still plenty to trade in this environment. In this update, I share how I am trading through the uncertainty and chop.
Will the Indexes Reclaim the Daily 50 SMA
Many indexes are close to their 50 SMA. Many times, if a few indexes decisively break above or below the 50 SMA, the other indexes follow.
Trading META And TSLA Short-Covering
The Nasdaq gapped this morning, and multiple mega-cap names broke out above key resistance zones. A resistance break and a high put/call ratio can equal some fantastic trading opportunities. Two names in particular stand out, including Meta and Tesla. During the video, I walk through my upside price targets in the Nasdaq, QQQ, TSLA, and META.
Roll To OPEX
The rollover is now underway. Rolling from Sept to Dec in the equity space. I’ll lay out a plan and cite the pitfalls along the way.
One More Day For 4.5k
Futures Rollover Can Mess With Fibonacci Levels
8 For 10
This week continues to be more of the chop that dominated the second half of August and in this update, I will walk through the approach and trades from this week.
