Wary of CPI
September 10, 2024 (Investorideas.com Newswire) VIX hanging man foretold the S&P 500 upswing - the same pattern brought up in S&P 500 context the preceding weekend for clients' benefit. S&P 500 risk-on rally reaching for my premium first low 5,460s, then the 5,480 daily "point of control" - bullish if prices can remain above it. Today's premarket showing, and most of all abilityof tech to outweigh poor AAPL and GOOGL showing yesterday, forms a daily basis of general outlook in equities announced to clients already.
Let's consider these two charts as far as CPI positioning for tomorrow goes (plenty of Telegram and Twitter coverage follows as usual).
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Let's move right into the charts (all courtesy of www.stockcharts.com).
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Monica Kingsley
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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