December 11, 2023

By Nigam Arora & Dr. Natasha Arora

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

The Fed’s Problem

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

• The chart shows that the stock market has had a significant rally since the beginning of November.
• The chart shows Arora buy signals.
• The chart shows that the stock market is consolidating right at the low band of the resistance zone.
• RSI shows that the stock market can go either way but the probability to the upside is higher.
• CPI data will be released tomorrow at 8:30am ET, and PPI will be released on Wednesday at 8:30am ET.