CAUTION SEEPING IN ON CHINA MILITARY DRILLS, CPI AND PPI AHEAD
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
China Drills Encircling Taiwan
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 bounced off the low band of the support/resistance zone.
- RSI on the chart shows that the stock market is getting slightly less overbought.
- The jobs report, the mother of all numbers, was released on Friday at 8:30am ET when the stock market was closed.
- Nonfarm payrolls came at 236K vs.
April 10, 2023