With the bond market selling off, the only index that held up great was the NDX 100. But only a few stocks within it kept it up. I will be looking at those big stocks closely for any signs of bearish reversals.
Earlier this year, weekly squeezes in the indices + leading stocks led to explosive moves higher throughout the market, With new weekly squeezes printing, are the markets gearing-up for round 2?
After a rather hot PPI report this morning we will get another number in the morning, CPI. Let’s see what is in the cards but either way I have a plan for you that we can look at in tonight’s update.
The rally was fierce, but it was just a vacuum back to the mean.
