Today’s Trade Idea:Closing SPY bucket 2 swing trading short into CPI
See the full position lineup of our bucket 2 swing trading portfolio HERE
See the full position lineup of our bucket 3 investment portfolios HERE
Please join the Inner Circle and Market Rover conversation in our members Slack chat room
Closing SPY bucket 2 swing trading short into CPI
To reduce our swing trading short exposure today we are closing our SPY short into Wednesday’s August CPI (inflation) report. While no one knows how markets react to the number, we can sidestep the potential volatility (in either direction) somewhat.
As a reminder on the chart below, notice that US and German equity indices are still nicely positive for the year but that should growth, i.e. tech lose its leading trend position, then equities as an asset class will have a much tougher fight.
Today’s Trade Idea: Closing SPY bucket 2 swing trading short into CPI
See the full position lineup of our bucket 2 swing trading portfolio HERE
See the full position lineup of our bucket 3 investment portfolios HERE
Please join the Inner Circle and Market Rover conversation in our members Slack chat room
Closing SPY bucket 2 swing trading short into CPI
To reduce our swing trading short exposure today we are closing our SPY short into Wednesday’s August CPI (inflation) report. While no one knows how markets react to the number, we can sidestep the potential volatility (in either direction) somewhat.
As a reminder on the chart below, notice that US and German equity indices are still nicely positive for the year but that should growth, i.e. tech lose its leading trend position, then equities as an asset class will have a much tougher fight.
Chart