giggson115

Market Movement for the remaining of January - CPI & FED RATE

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Fake bullish triangle is almost formed, market will react react bullishly to thursday's CPI which is expected to be around YOY 6.5, analyst will be able to guage effect of plunging oil prices ( these seem to show slowly on CPI 1-2Mths) and customer food prices. Rents are expected to stay elevated with a tight job market. SPY range is 408-378. we expect a down turn by friday toward 378 and an upward spike to 408 considering a less hawkish spy. we will know more tomorrow -
RRR - .7-1.0
Investment plans - Puts two weeks out close friday EOD
Call one week out ideally open wednesday - Monitor the market post martin luther king day
Strategy remains - ETF's & Currencies.

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