Team,
CPI day tomorrow Team! This is going to be… legendary!
-Andrew
FX Market
Dollar index trading off the highs into CPI. Still in a powerful uptrend though.
Bonds
Long-term treasuries are consolidating into CPI and trading within striking distance of the recent lows.
Equity Dashboard
Mixed breadth with 55.4% advancers. The duration sensitive Nasdaq QQQ and ARKK innovation ETFs were the hardest hit.
Not the best look to see the weakness in tech and strength in XLE energy.
Equity Index MTD September Performance
All indices are in negative territory for September.
Index Price Cycle Monitor
ES S&P 500 - Above key moving averages and testing monthly point of control
NQ Nasdaq - Above key moving averages and testing monthly value area high
RTY Russell 2000 - Consolidating at the 200-day SMA
YM Dow Jones - Above key moving averages and inside monthly value area
In the following sections of tonight’s update, I’ll cover my research in preparation for tomorrow’s trading session
✅ Trend Model Update - Our proprietary indicator that informs us on how aggressive/defensive to position in the market
✅Market Strategy - My trading plan
✅ Today’s Trade Blotter and Position Update
✅Daily Watchlist - We scan thousands of stocks and hand-pick the best reward/risk opportunities
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