To gain an edge, this is what you need to know now.
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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:
- Please start out by reading the Morning Capsule for details on CPI. CPI was a lot hotter than the whisper numbers from momo gurus.
- The chart shows when CPI was released.
- The high of the 8:30am candle wick shows how aggressively the momo crowd was buying and how aggressively institutional sellers sold into the rally.