• We could return to the kind of quiet days we saw before the CPI number for a few days this week…as investors wait to see how Nvidia’s stock reacts to their earnings/guidance that come out Wednesday after the close.  NVDA has a 20% weighting in the most important leadership ETF, so the direction of its next big move will have an important impact on the entire stock market.
  • Copper continues to move higher, BUT it has become very extended on a short-term basis.  Looking at two key technical indicators, this commodity is getting ripe for a pullback.  Therefore, investors and traders alike should be careful about chasing it (and the copper miners) in an aggressive manner up at these levels. 

 

You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for subscribers on the Before the Open and All-Access tiers only

Try 14 Days Free