🔥Indexes Squeeze ahead of CPI 📊

Mar 10, 2022

All three indexes closed over the 5 day moving average which is the first time in 6 days. While this is good we did it on very low volume. Roughly 60% of the average daily volume traded today. We need above average volume to put a bottom in and we did not see that. Mostly today we saw short covering and investors selling puts. We did not see massive call buying or very large orders in bell weather names. Energy and other commodities sold down on the hopes of peace talks between Russia and Ukraine. Most of the commodity names are either sitting on or well above there 21 day moving averages. Nothing is broken and considering that the hoarding of materials will go on in nations for some time, this provides a good opportunity to buy names like FCX BPT ZEUS X to names a few. Tomorrow all focus will be at 8:30 and the release of the CPI. I have posted the estimates below. Anything over .6% will be considered bearish and can cause the market to sell down. Key levels to watch are on the charts. Earnings have started to come out for several companies CRWD was tonight and it was excellent. See the comments below and watch the video posted below I go over 6 names to watch tomorrow and in depth into the indexes. Tomorrow night is an earnings bonanza DOCU, RIVN, ULTA, ORCL and BLNK are on my focus list. Let’s get to it !

$CRWD crushed revenue and earnings and guided higher then the highest estimates. The stock is trading up $193 after hours

CPI date due out tomorrow The most important data point before the March 12-13th Fed Meeting.

Let’s Look at our Indexes

Let’s Look at our Stocks.

Mostly focused on very short term trades until this market settles down and we get some clarity from the Fed March 12th

Subscribe to You Tube! 👈Subscribe and turn on notifications. There is a new daily video after the market Monday through Thursday! It’s called the Top 5 in 5. It consists of the best five ideas for the next day and I condense it into 5 minutes. It’s loaded with actionable ideas. It’s worth your time. It is hyper specific and actionable. Tonight’s includes 3 Shorts and 3 Longs with entries and stops marked. When you subscribe turn on ALL notifications so you are notified of the daily Premarket live shows ,Top 10 Weekly Buy List and educational videos. Also, Once subscribed you will receive private content on YouTube make sure all notifications are turned on so you receive it. The video below is the Top 5 from tonight and focused on actionable ideas based upon the indexes and earnings tonight. Pay close attention to what is said about UPST and CRWD

As always all investment decisions need to be made by the individual. We all have different risk profiles. No two people trade the same. Understand the buy points, stop losses, trims are suggestions. You need to develop your own process. I am willing to help. If you have questions email me Arete@Aretetrading.net. For example, to stop losses, I like to see them close. That does not mean that fits everyone’s risk profile.

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