Forget About CPI, Trading Follow the Trend
2min read Morning guys:
As CPI and core CPI has cooled to new three-year low, Fedwatch and market has aimed for a 25 basis cut next week. However, Crazy Y tells you maybe CPI is not important right now for your trade compared to the market trend.
What dose this mean? Market has been in extremely fear due to Japanese Yen, due to Warren and Jensen's tremendously pouring stocks, due to various reasons..However, market has find itself before the FOMC, after these risky events... If you look at Tesla(TSLA) stock price, it has still risen more than 8% since we mentioned last week for the first time. If you look at Palantir(PLTR) and Moderna(MRNA) price, you will find market is trying to price in some other opportunities...
Am I calling you to buy stocks or buying calls regardless of anything, or just YOLO? No, please look at 10 year bond yield and bond price, and please look at Brent or WTI price and oil company such as Exxon Mobil(XOM) and Occidental Petroleum(OXY) stock price, and please do not forget what happened about Jpmorgan Chase(JPM) yesterday. You will try to hedge yourself and be bracing for a crash maybe..
Why？ Market has its own rhythm, just as we like Lady Gaga's songs, just as we enjoy sunshine, and market has its own style in different styles. However, we can try to use tools to build a portfolio to hedge yourself or maximum your profit. For example, we mentioned OXY just now, will the trend follows and we can make free money? Maybe not, as Peak Seeker signals.
What about other stocks? You can pick up your tools, try to find and follow the market trend and profit yourself. This is the only reason why we are here.
Remember, please follow the trend, not the noise.
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