Wednesday, July 16, 2008

CPI Largest 12-Month Change Since 1991

CPI was up 1.1% in June above expectations. Estimates were for 0.7% rise. The annual rate was 5%, which is the largest 12-month increase since 1991. Futures are up in the pre-market.

3 comments:

Amy said...

I look forward to your daily and intraday commentary.
When there is time, could explain C patterns. OR, let me know how I can find out about them...trading rooms?

Anonymous said...

Dave,
Thanks so much for your great daily entries. I check your blog several times a day. You are the voice of reason in this crazy market. I've spread the news of your blog to many and everyone is very happy you have this. Your blog helps to make sense of this crazy market and helps me w/ trading ideas.
Peggy

Anonymous said...

I was able to be at my desk Tuesday morning.
I tried your non traditional trade idea...buying a july put with 4 days to go in the month on a stock that I thought could make a quick move. I planned my set -up using RIMM to buy puts at 107. My target was 102. I "saw" the set up at 9:40 and bought the 105 strike at 1.97 and sold at 10:10 at about 102 my target. The contracts were worth 4.15. WOW!
The best part was proving to myself that I could "see", excute, and sell without hesistation.
Your a great trader! I consider myself very lucky to have the opportunity to learn from your years of experience. Thanks Dave!