Team,
Our key theme this week has been that the price action will be largely noise CPI. Well here we are. CPI will be released tomorrow morning at 8:30 AM EST. Hit me!
-Andrew
Equity Dashboard
40.7% advancers into CPI
Volatility gauges have been springing to life for the past few sessions, but have been getting smashed lower by the end of each session.
Index MTD August Performance
The indices are experiencing a minor pullback in August.
Index After Hours Price Action
ES S&P 500 +.28% - Below 20-day SMA & testing the monthly VAL
NQ Nasdaq +.34% - Below 50-day SMA
YM Dow Jones +.28% - Below 20-day SMA
RTY Russell 2000 +.24% - Below 20-day SMA & testing the Monthly VAL
Economic Data
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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