CPI on Tuesday came in hot and today PPI came in higher than estimated too.
Keeping an eye on IWM. The day after the CPI sell-off we gapped up. If we can hold this gap up then this maybe a buying opportunity in IWM. Today is options expiration. All the premium has decayed which puts in a floor in the indices will be gone after today. Do we get a pullback next week? We also have NVDA earnings next week. So, I am being nimble with my positioning. Having fewer positions overnight and also holding more debit spreads overnight than directional calls into next week.
But one name can do its own thing is TSLA. It wants 220 in 2 weeks time.
Disclaimer: This is my trading plan on the indices. This is intended to be for educational and informational purposes only. Trading is risky and loss of capital is possible. Do your own diligence. In trading, there are no guarantees. So please be careful risking capital.
CPI and now PPI hot
CPI and now PPI hot
CPI and now PPI hot
2/16/2024!! Good Morning!!
CPI on Tuesday came in hot and today PPI came in higher than estimated too.
Keeping an eye on IWM. The day after the CPI sell-off we gapped up. If we can hold this gap up then this maybe a buying opportunity in IWM. Today is options expiration. All the premium has decayed which puts in a floor in the indices will be gone after today. Do we get a pullback next week? We also have NVDA earnings next week. So, I am being nimble with my positioning. Having fewer positions overnight and also holding more debit spreads overnight than directional calls into next week.
But one name can do its own thing is TSLA. It wants 220 in 2 weeks time.
Disclaimer: This is my trading plan on the indices. This is intended to be for educational and informational purposes only. Trading is risky and loss of capital is possible. Do your own diligence. In trading, there are no guarantees. So please be careful risking capital.
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