📈Inflation Fears Take Center Stage

Indexes bounced off the lows after opening up with a huge down on the SP500 and Nasdaq. Small cap indexes only to rally after the initial shock. Biotech stocks held the best with money flowing into the top tier names and the sector $XBI. We sold off because Core CPI came in higher .7% VS .6% showing an increase month over month. Reminder core inflation does not include energy and food. Total CPI came in much higher on a year over year basis 9.1% Vs 8.8%. This shows that the inflation rate is actually going up and not down and it’s clear we have not peaked yet. Initial jobless claims will be reported on Thursday at 8:30 am. 235k is the estimate. PPI month over month will be reported Thursday at 8:30 am. The estimate is .8%. Retail sales releases on Friday at 8:30 am. The estimate is .6% month over month. Several financial companies are coming out with earnings soon. This will shed light on the consumer in regard to spending, loans and loan payments. Tomorrow, (Thursday the 14th) $JPM and $MS comes out. On Friday, $WFC, $C, $BLK will release earnings reports. Taiwan Semiconductor ($TSM) has earnings tomorrow morning before the open. Revenues are expected at between 17.6 and 18.2 billion. This will affect the whole sector and provide an outlook moving forward. Pay attention to how $NVDA $AMD and $AAPL act after the call. Technically nothing is resolved, none of the indexes cleared any major hurdles. We still have a lot of head wind above. Take a look at the charts below. Key levels are marked off. The good news is after this week the majority of economic data will be out before the Fed’s next meeting on July 26-27th. Watch the video below to fully understand how bad the number’s were and how to benefit from them. Let’s get to it!

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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 Longs and Shorts. 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. The video below is the Top 5 from tonight and focused on several technical levels. Pay close attention to what is said about how to trade this current environment and why the CPI Data changed the landscape. ALSO LIVE STREAM TOMORROW NIGHT 5 PM EST ! SUBSCRIBE SO NOTIFIED

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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