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Profit Taking After CPI

August 11, 2022

  After consolidating into Core Consumer Price Index (CPI) on Wednesday, the S&P 500 (/ES) broke out to higher levels. Let’s see if it can hold.   Market Overview If /ES does hold $4,212, it could work its way back … Read more

News, Economic Data, and Earnings…ohmy

August 9, 2022

Earnings and Economic Events This Week   Earnings: COIN, RBLX, TTD Another week of earnings is ahead of us. Notable earnings this week are Coinbase (COIN), Roblox (RBLX), and Trade Desk (TTD), which report on Tuesday.   Economic Events: CPI, … Read more

Zoom Out, Monthly Chart

August 7, 2022

    We’re zooming out to the monthly chart to identify our edge. The AAPL monthly chart is printing a buy signal. Until that buy signal disappears, the odds are in favor of the squeeze firing to the upside. This … Read more

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