4/11 Recap, We Await CPI Tomorrow.

Another day of nothing so far, nobody really seems willing to put on risk today before CPI tomorrow morning. While everyone is expecting it to cool off significantly, if there is any surprise tomorrow, the market will not like it. The bearish divergence I noted yesterday continues to play out with the MACD going south as the market remains strong. Price is all that matters tomorrow, ignore whatever the numbers are and focus on the markets reaction. As long as we stay over the white line below, around the 402 level on the SPY the coast is clear to remain long.

Trends

Looking over the the past week with regards to the bullish trends, all of them except BABA are green today in a fairly weak market where the /ES is up .2%.

1 Week

2 Week

1 Month

2 Month

Today’s Unusual Options Activity & What Stood Out

Give me some feedback, it’s been a week now, I’ve been trying to get this out to you by 1 central time so you have 2 hours left in the day to execute trades with. Do we miss some? Sure the last 2 hours of the day, but if I wait for those, you won’t be able to act intraday and I know alot of you asked for that. We don’t miss the trades because I still log them later on into the database so the full day still shows up in trends or when I post individual names below. I’m trying to find a balance of giving you everything intraday with trying to get as much as possible in, a couple weeks back I was sending this out after the close, so we’ve come a long way.