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Favorable CPI Report... and the Market Soars

Favorable CPI Report... and the Market Soars

3 years ago 2 min read Trading Week Update
The Consumer Price Index (CPI) report measures the change in consumer prices based on a representative basket of goods and services over time. With the favorable CPI report released today the news were
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By: Local Optima
Time for a Market Pause?

Time for a Market Pause?

3 years ago 5 min read Weekend Market Overview
The rally that started on Jul/14 is surprisingly still alive. The main indexes have had some decent gains without any serious pullback. Only the Nasdaq and the Russell 2000 remain in Bear
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By: Local Optima
Overbought Daily Levels at S&P 500

Overbought Daily Levels at S&P 500

3 years ago 2 min read Trading Week Update
The Market is displaying an interesting behavior that we haven't seen in months. In my previous articles I mentioned that there were several repeating behaviors that kept an amazing consistency through
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By: Local Optima
A Pullback Still Highly Likely

A Pullback Still Highly Likely

3 years ago 3 min read Trading Week Update
The Market rallied today based on better than expected earnings from some mega-cap technology companies. The comments from the Fed Chair Jerome Powell accelerated the rally towards the end of the trading session,
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By: Local Optima
A Not that Meaningful Rally

A Not that Meaningful Rally

3 years ago 5 min read Weekend Market Overview
After the trading week that just finished, there are only two important indexes that are still officially in a Bear Market (a decline of 20% or more from the previous high). I don&
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By: Local Optima
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