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- Another winner for my play of the week
Another winner for my play of the week
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Evening all,
If you recall my email to you yesterday I talked about CPI being the KEY piece to today’s market move.
I felt that GOOD CPI could push markets up significantly higher and if CPI came in poor then we could drop big. Here is a snippet of that email from yesterday.
CPI is important because it gives us an idea of how inflation is going. Lower readings mean the goods we pay for are getting cheaper and inflation is coming down.
Higher readings means inflation is still sticky or going up, and I felt that would NOT be good for markets.
We just came off a good PPI reading on Tuesday so all eyes were on CPI today at 8:30am and guess what…..
CPI came in much lower than expected and markets FLEW higher! That right there is a $10 dollar move UP on SPY!
Speaking of going higher…..
My Market Navigator “Play of the Week” was RIOT and that had a monster move today as Bitcoin once again pushed up toward $100k.
That allowed me to sell my RIOT play of the week calls for a nice double digit winner.
Remember, it’s not about trying to hit the home run every day. Base hits are key to my trading, so this was right in line at 14% gains .
Ready to learn more about Market Navigator with my SPY trade of the day and my weekly Play of the week?
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