(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
As our long time subscribers know Core PPI has a heavy weight in our models. The reason is that inflation often shows up at the producer level long before it shows up at the consumer level. July PPI came at 0.2% vs. 0.2% consensus.
Our pre-market indicators are predicting a strong rally in stocks at least in the early going.
Gold is breaking down and is now trading under $1300.
This post was just published on ZYX Short Change Alert.
This post was just published on ZYX Short Change Alert.
Consider taking partial profits on a 20% tranche on GDXJ right here around $41.58.
This post was just published on ZYX Short Change Alert.
This post was just published on ZYX Short Change Alert.
Yesterday after earnings in the after market a 15% tranche was shorted at $70.60. In the pre-market JWN is trading at $65.90. Consider taking profits on the 15% tranche from yesterday. Consider continuing to hold the remaining 20% that is from an average price of $69.60.