Nightly $SPX / $SPY Predictions for 1.13.2024

12 Jan

🔮
📅 Tue Jan 14
⏰ 8:30am
📊 Core PPI m/m: 0.2% (prev: 0.2%)
📊 PPI m/m: 0.4% (prev: 0.4%)

📅 Wed Jan 15
⏰ 8:30am
📊 Core CPI m/m: 0.2% (prev: 0.3%)
📊 CPI m/m: 0.3% (prev: 0.3%)
📊 CPI y/y: 2.9% (prev: 2.7%)
📊 Empire State Manufacturing Index: -0.3 (prev: 0.2%)

⏰ 10:30am
🛢️ Crude Oil Inventories: -1.0M

📅 Thu Jan 16
⏰ 8:30am
📊 Core Retail Sales m/m: 0.5% (prev: 0.2%)
📊 Retail Sales m/m: 0.6% (prev: 0.7%)
📊 Unemployment Claims: 210K (prev: 201K)
📊 Philly Fed Manufacturing Index: -7.0 (prev: -16.4)

📅 Fri Jan 17
⏰ 8:30am
📊 Building Permits: 1.46M (prev: 1.49M)

💡 Market Insights:

📈 GAP ABOVE HPZ:
On a gap up, we will hold and run higher.

📊 OPEN WITHIN EEZ:
The markets will get a few days of a bullish run.

📉 GAP BELOW HCZ:
Everyone will eat up this drop; definitely look to position bullish here.

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