Trade Assertively And Selectively
I’ll be honest, I am having a little writer’s block today. Rather than
re-hashing items and filling my column with “fluff” that you guys
would see through anyway, let’s just keep the theme the same:Â Trade
assertively and selectively on the opening and take the “show me a real
good reason to place a trade” mindset in the afternoon.  Â
The PPI numbers have just come out and it shows that inflation continues to
be no threat — for now. I hope to have a chance to write out some thoughts over
the weekend on inflation to share with you on Monday. I believe it will give you
a new way to view this whole inflation/no inflation debate.
Key Technical
Numbers (futures):
S&Ps |
Nasdaq |
| 1104 | 1302 |
| 1096 (massive confluence) | 1288 |
| 1085-88 | 1268-74 |
| 1067-70 | 1244-46 |
| 1060 | 1227-29 |
| 1044-46 | 1207 |
| 1192 |
As always, feel free to send me your comments and
questions. See you in TradersWire,
and have a great weekend.