Alright folks. Lets talk.
Tomorrow is a big day and we shall see what happens with CPI. Fed not so much because they are just going to come out and do 50, but they will still move the market.
If CPI is good and soft number than we shall rally for a bit till JP comes out and smashes those hopes. But we could rally through the end of the year if the CPI is softer than expected.
But what if CPI meets expectation or is hotter than expected. The market is going to sell of and then will start a dump to 3600 again and if that happens potentially down to 3200 after the earnings season.
But in short term, if the CPI number is hot tomorrow, how to play the market. What are the stocks to short ? Some might say that the time to make that trade was today and not tomorrow. I guess you might be right. But lets say that for folks who didnt do that, what are their best options tomorrow after a hot CPI report.
I have never really shorted the market. Mostly whenever I feel bearish, I have just bought puts or sold calls. But never short shares.
So if I wanted to short shares, what do you think is the best opportunity out there for a hotter than expected CPI ? Which charts are setup for a great technical short as well as hotter CPI will add fuel to the fire ? Whats your suggestion ?
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