Better-than-expected CPI report shows inflation may have peaked. A Double Bottom pattern forms on the Daily chart. Bull, Bear, and Crab trade scenarios. The CPI Report The November Consumer Price Index (CPI) Report released on Thursday shows that inflation may have peaked. Prices increased 0.4% month-on-month, and prices less food and energy rose 0.3%. These were low Read More…
Gold prices soared following a sharp drop in US inflation. China’s senior authorities advocated for more focused restrictions amid a rise in COVID-19. The odds of a fifth straight 75bps Fed rate hike have fallen below 15%. A massive rally in Gold (GC) futures prices occurred following a sharp drop in US inflation data on Read More…
The E-mini Dow has been decorrelated from the overall market this month. The Daily chart shows overbought condition. A small bear flag pattern appears on the Hourly chart. The Dow’s Decorrelation The Dow Jones (YM) Futures has been completely decorrelated from markets for the past month. NQ has fallen by 1% this month, while YM Read More…
There are increased fuel demand worries as China battles a fresh wave of COVID-19 infections. US crude inventories rose significantly last week as domestic production increased. Markets are anxiously awaiting US inflation data. On Thursday, Crude oil (CL) futures prices declined for a fourth day due to worries that new COVID restrictions in China, the Read More…
Who Is He & Why He Chose OneUp Trader Zachary B is a futures trader from Texas who completed the $50,000 Evaluation in October of this year. He chose the 50K Evaluation because the contract sizing suited his trading style, and the low $150 monthly subscription appealed to him. Zachary chose OneUp Trader because of Read More…
There is renewed optimism about China easing COVID-19 restrictions. Markets are hoping the recent signs of a slowing US economy will allow the Fed to ease monetary policy. Investors are closely watching the US midterm elections with republican senators in the lead. US Equity Index futures prices, including the E-mini Nasdaq-100 (NQ) futures, rose as Read More…
