December 12, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Review Your Portfolio

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows that the stock market is in no man’s land.
• The chart shows that the price pattern is such that a major binary move can occur in either direction.
• Two major potentially market moving events are ahead.
  • CPI data will be released Tuesday, December 13 at 8:30am ET.
  • FOMC will announce its rate decision on Wednesday, December 14 at 2pm ET  followed by Powell’s press conference.