US Inflation, Earnings Season Kickoff, Markets on Edge

7 окт.

S&P has failed to make all-time highs
Dow has failed to make all-time highs
Nasdaq has failed to make any new highs
Russell has failed to make any new highs

Oil rips on Middle East escalations

Dollar rips on technical support and bear trap play. Dollar is a big component to the stock markets edging higher for the remainder of the year (e.g. dollar strong = market weak, dollar weak = market strong)

I'm keeping it very simple and staying patient for any "dip" opportunities on indexes, stocks, and watchlist items

I still like Gold, Silver, Bitcoin long as well - again, patient on price action and entries

Major News this week
-US CPI (MoM, YoY, Core and Reg CPI)
-Earnings Season Kickoff - DPZ, DAL, WFC, JPM, BLK and others

Thanks for watching!!!