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Retail Sales numbers are out in the premarket today. Are the numbers spicy or chill? Come join me as we dive in and see what’s moving! Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. — — — CPI Hit the Mark, But Risk Remains High Because the Market’s Downtrend Remains Unbroken The Consumer Price Index (CPI) came in right on the money Wednesday morning, perfectly in line with expectations. While the market initially cheered with a quick pop, let’s not kid ourselves — this is no reason to throw caution to the wind. We’re still entrenched in a downtrend, and nothing about today’s CPI print changes that. Here’s the thing: Markets don’t move simply because of economic data. They use these events as convenient excuses to do what they were going to do anyway. If you were expecting CPI to shake things up in a meaningful way, think again. Wednesday’s market action was more of the same — a rally right up to resistance levels, giving us yet another reminder that we’re not out of the woods. Now, Retail Sales data comes out tomorrow, and while it’s another event traders will obsess over, I view it as just one more potential excuse for the market to make its next move. Retail sales could surprise on the upside, and we could see the market rally further into resistance. Or, a weak print might be the perfect reason to pull back and test lower levels we just left behind. Either way, the smart play is to keep an eye on the technicals rather than guessing what the data might be. When we zoom out, it’s clear that until we decisively break out of this downtrend — and I mean a clean breakout with no fake-outs or candle wicks that quickly reverse — the odds favor more downside. For the S&P 500 (SPY) and Nasdaq 100 (QQQ), watch those downtrends of highs like a hawk. If we can push above and hold, the bullish case strengthens. But until then, this is just noise. What does this mean for traders? Stay cautious and have a plan. Whether you’re trading futures, options or individual stocks like Apple (AAPL) or Microsoft (MSFT), make sure you’ve mapped out your entry and exit points before the market makes a move. Jumping in because of a temporary pop will only get you chopped up. This kind of market environment is a minefield for emotional trading. You see a quick rally, think you’re missing out, and jump in — only to watch the market reverse and take your account with it. Don’t fall for the trap. The CPI pop today is just another reminder that we need to trade based on levels and probabilities, not gut feelings. So, be careful out there. Watch the levels, stay disciplined, and don’t let the noise distract you from the bigger picture. The market’s next big move could be right around the corner, but it won’t announce itself ahead of time. Stay ready. That’s all for now. See you in this morning’s session as we unpack Retail Sales and what it means for this market. Today’s Daily Chart Setup: Energy Sector ETF (XLE) This idea came directly from my Daily Chart Setup that automatically signals potential plays.
You can find full details on exactly how this works by scrolling down further in this newsletter. Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube! And it’s also one of the reasons why I launched the 1,000-win challenge. I just picked out an under-the-radar stock that could hand us our very next win on the challenge… And today at 3 p.m. ET, I’ll be LIVE to share it — for free. More importantly, you’ll see my plan to leverage it for a shot at 50% or more in just 60 minutes. Naturally, I can’t guarantee wins or prevent losses, but if you had known about this challenge on Jan. 13… All you would’ve had to do was place a quick trade on TSLA... And just a few minutes later… a sweet 82.07% gain. Of course, there were smaller wins and trades that didn't work out. But if you missed it, here's your chance to tag along with me on the next play. So if you’d like to get the stock and all the details on how I’m steering it into what could be the next big win… How the Daily Chart Setup Works Here’s a more detailed description of how the pattern triggers: 1. The price breaks upward through the orange Market Roadmap Line. 2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 3. Once it touches the line and starts moving back up, that signals an entry. I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years! You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Jeffry Turnmire Jeffry Turnmire Trading I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday! Please check out my channel and hit that Subscribe button! I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader. I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. |
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Hint: They aren’t what you think they are Imagine having a magic 8-ball that could predict which stocks ar...
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