Well the much anticipated CPI report came in lighter than anticipated and set off a furry of buying starting with a 100+ point gap in the SPX futures and trending higher all day. Recall, it was the previous CPI report on October 13th that set a bottom and started this rally. With that being said, manage your holdings in accordance with your plan. Personally, I'm keeping an eye on the VIX/UVXY and also the SOX (which tends to be lead) for clues going forward.
Please take a moment to look at the trade ideas.