Inflation

Slightly better, so stocks are up. 

Yields and inflation are in total control of this market. 

FF- Fed does not get over 2% overnight rate on this cycle. 

I am long 2500 shares of UPRO. 

Edited by MikeyG, 11 May 2022 - 09:46 AM.

CPI MOM down from 1.2% to 0.3%,  CPI YOY also down from 8.5% to 8.3%.  Inflation is generally topped.  So the Fed unlikely to go as aggressive as some were afraid of   ...........................

I should tell my son about these upro shares, I take it they don't expire or anything??  Do you also know the nasdaq symbol by chance?

I should tell my son about these upro shares, I take it they don't expire or anything??  Do you also know the nasdaq symbol by chance?

No expiration, there are some for Nasdaq. On some these instruments you want to look for decay over time if you plan on holding awhile. 

https://etfdb.com/th...eraged-3x-etfs/

Edited by MikeyG, 11 May 2022 - 10:29 AM.

Oh ya etf's,,,, spiders are probably a better idea.....

Man that looks like a complete ABC on the SPX weekly, but the gaping hole in IWM in the low 160's has me saving some capital to deploy. 

Edited by MikeyG, 11 May 2022 - 10:35 AM.

Current year end projection is 4400 based on my fundamental model. This can and does change. 

Mine is 2200.  

Wow I could believe 3200 but that would be cut in half in one year whew, maybe the world is ending.....

Look out for that steamroller ...