DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.
Whatever Is Below Will Be Wrong
Today is US CPI day. The print came in a little above expectations - you can read the gory detail here - but not much. So now it falls to market bigs to decide direction of equities. Typically there are several moves up, down, up, down before the trend for the coming days is established. If you are mightily skilled you may be able to trade this short term swing; personally going into CPI today I simply hedged all my 3x ETF positions and left my single-stock equities sit long and unhedged. The market remains undecided heading towards the New York open - no particularly big moves in either direction. We will likely have a clearer picture next week.
For now let’s take a look at where the indices stand.
For paying members we now run through our usual charts covering the main US equity indices, associated leveraged ETFs, plus the SOXL TECL and FNGU ETFs as always.
Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.