Editor’s Note:
This post was published yesterday in The Arora Report paid services. Since then the Morning Capsule in the Real Time Feed has had an update.
To gain an edge, this is what you need to know now.
New Mantra
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 was higher in the premarket.
- The chart shows when PPI was released.
- The chart shows that the initial reaction to good PPI was subdued as the market is now overbought.