Go On Take The CPI and Run
Did you read what I sent out last week?
Did you act on what I sent out last week?
Still on the sidelines.
Well, that's ok too.
So what happened today, the CPI numbers came out at 8:30am ET this am and the futures made a sizable dip within one minute. Actually, it was a monster dip. It then recovered fully to the open of today at 9:30am ET. Look at that Diiiiiip!
That is massive drop in the first minute. That tells us something about the months to come but more on that another time.
Having received that CPI data the futures dropped it like its HOT. Then the day opened and everyone else did the same. But the bulls came in and saw an opportunity to take and take they did.
Look at that run!
Now you may be thinking. Why do you keep on talking about the S&P? I'm not into indexes I'm just into ETFs. Well this is the barometer for the entire market and to give you a sense of things we can relate it to other stocks. Look at all of the green that came into your Apple Stock app after Noon EST today.
Now let's relate it to NVIDIA.
Remember what I told you last week:
Imagine echoey voice in your head:
Now is a time to re-enter or buy in as this has room to go up for the next handful of days.
If you did, you are in a great position to run this thing to the Fed. If you didn't, it's not too late but we all like really nice safe and comfy entries. The last few days was your entry.
And today alone drove an 8% gain.
That alone can beat your expected return of your IRA for the year. This was done in a day.
'til next time
Jamie