PPI was a fizzle/dud, speaking clearly to the amount of emphasis being placed on the CPI report tomorrow morning. It is the one thing that matters right now. All about the CPI and nothing else matters. I’ll do my best to help understand what to look for/watch on this report for direction as well as targets on either side, complete with a L.I.S. Line in the sand.
In a choppy and volatile market like ours, nothing is more important than layering risk. Check this video to see how one should look to set themselves up for long-term breakouts.
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.