Team, I am really troubled

    Posted by jdeen on 14th of Oct 2022 at 08:03 am

    Team, I am really troubled to understand what happen yesterday.   We get CPI data with increased inflation and the market responds with a big down move pre-market (830am) and remains down through the open and approximately  hour after open as expected based on CPI data.  Then later in the morning the market turns up and continues up and closes approximately 2% up.  What happened? or what did I miss?  Is this just the big guys manipulating the market?  Thanks in advance .

    It doesn't matter WHY it

    Posted by brophy on 14th of Oct 2022 at 08:09 am

    It doesn't matter WHY it happened. React to WHAT happened.

    To clarify. The only thing

    Posted by brophy on 14th of Oct 2022 at 08:56 am

    To clarify. The only thing that will help you trade is what happens in your charts. Macro discussions are fun, just like fantasy football. But whatever you need to know is all right in your charts. You don't even need to know the econ # announcements themselves, just how the price is reacting to them. In fact, knowing why the price is moving will often cause cognitive dissonance. OK, I'm done.

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