How traders reacted to inflation reports...

THE WEEK

This past week the CPI (Consumer Price Index) and the PPI (Producer Price Index) both announce April results at 8:30am on consecutive days prior to the Marketing opening .  Both indexes are reporting inflation figures.  The difference is the CPI is reporting on goods and services bought by the general public, whereas the PPI is reporting more on raw materials and parts used to produce finished good.  We are in time when inflation is a major concern and the focus of the news and economists.  Both reports caused big waves in the Market.  The initial reaction to the reports were quite different but over both reports cause the Market to go down.

LOOKING AHEAD

Economic announcements have made trading rough.  We never know how the trading herds is going to react.

The good news is we don’t have any impact announcements until next Friday when FOMC Chairman Powell speaks.  I expect the Market to travel in a gradual up trend until then.  That’s a week of trading with a lot less stress and constant adjustments.   

How Am I Doing?

I am rocking it especially when you consider what the Market has given us to trade.  We are three weeks into this DATA Classes and I have a 28.0% gain in those weeks

This coming Thursday’s webinar DEEP DIVE

Money Press Trades on Steroids

How Maggie squeezes every last penny of profit from a normal trade

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