CPI relief

Monica Kingsley Monicakingsley

S&P 500 recovered from the premarket weakeness Monday with ease, and it was the Rusell 2000 that offered fine and low risk long opportunity with its first flush after the opening bell, then rip.

CPI came in a bit below expectations, there where it matters most – in core CPI. That‘s bullish stocks, precious metals love the figure too (again, beware the margin plays to keep leveraged longs) – I‘m eyeing especially Russell 2000 as it‘s offering the strongest chart view on the hourly (manageable retracement), and keep checking out how S&P 500 breadth broadening is going in the hours ahead.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

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