Markets Surge on Good CPI
Markets loved the CPI report, as the bond market led equity markets higher.
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Markets loved the CPI report, as the bond market led equity markets higher.
The relative performance in the NASDAQ and semis now has even more company with the S&P and financials. After long positions triggered last week in QQQ and SMH, here’s the next round of buy the dips on the radar.
After a tame CPI report, bonds took off and the shorts scrambled to cover equity short positions. Usually, these blow-offs take a few days to stop going up, but the expiring of VIX options tonight might help weaken markets tomorrow.
After some big time buying on Friday, the market took a little breather today. Will we see more upside this week? Here’s what I’m looking at.
Apple had a bit of a setback today. Is it just a blip or the start of something bigger? We can bring a few different tools to figure out possible road maps from here.
TSN has been on a downhill spiral, and earnings couldn’t save the chart. It’s in the midst of an Earnings Destruction move, and I think there is more downside ahead. Here are the key levels I’m watching, and how I’m trading it.
Biggest week of the year kicked off by Powell and followed by furious short covering. Let’s review the one major signal in play into end of year.
With long positions in the NSADAQ and semiconductors, the solid close bodes well for Monday’s open. The move higher in Financials has the S&P firing on two cylinders, which is great news for the bulls.
Bulls had a strong showing on Friday. That has a decent chance of continuing into next week, but you’ve got to make sure you’re aware of these two expirations.
Technically we’re going to look at 5 setups in tonight’s video, but there’s some real trading magic to be had when you consider a top down approach that starts with an index, moves into a sector, and finally ends with an individual stock to trade.