• 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. 


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