Hello traders,
We have the all important CPI and FOMC this week.
*Adding Telegram screenshots is curtailing the posts for Gmail users as email size limits are still a thing in 2023, I will share them on twitter etc*.
You know as they say “opinions are like assholes, everyone has one”.
I’m blank this week on equities. Empty. No directional pick from me.
“Then why are you wasting electrons by typing this?”
My last directional bet was in late February and we are up about 3500 pt on NQ and 400pt on ES on it.
Weekly Plan 2/27
Hello Traders, We had an eventful week with PCE showing very sparse signs of abatement. We know that PCE is the Fed’s preferred gauge to measure inflation. In her interview with Bloomberg News on Friday in New York, Cleveland Fed President Loretta Mester expressed her dissatisfaction with the current inflation readings, stating that the…
We have been nicely riding this trend and it would take a major setback in the indices for me to change my bullish view.
The two key datapoints this week are CPI and how sticky the core inflation will be, and how Jpow reacts to it.
As a speculator, I do not want to position myself with large size before the event(s).
Does that mean we all take a nice long weekend and chill until Powell speaks.
I wish!
I will be focused on Crude Oil and Gold till then.