BUYING IN THE STOCK MARKET ON TAMER PPI AND ECB SIGNAL
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Buying In The Stock Market
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 decisively below the trendline.
- The chart shows that the stock market is stabilizing at the level where it fell yesterday after the release of hotter Consumer Price Index (CPI).
- Stock futures were down before the release of Producer Price Index (PPI). Stock futures jumped on the release of PPI data.
April 11, 2024