Nasty market today. Big dump on CPI most of the damage was in IWM and the smidcap sector. the QQQ finished own 1% which is fairly tame all things considering. We are sitting right on the 50sma on the QQQ with PPI coming up tomorrow.
Guys this is not the market to take on big risk or size. Its a scalpers market and even that is hard. I am at half size risk for now and often mid day even half that. You catch a buck or two here or there take it and move on. The conditions will speed up very soon.
| THURSDAY, APRIL 11 | |||||
| 8:30 am | Initial jobless claims | April 6 | 217,000 | 221,000 | |
| 8:30 am | Producer price index | March | 0.3% | 0.6% | |
| 8:30 am | Core PPI | March | 0.2% | 0.4% | |
| 8:30 am | PPI year over year | — | 1.6% | ||
| 8:30 am | Core PPI year over year | — | 2.8% | ||
| 8:45 am | Fed Gov. Michelle Bowman speaks | ||||
| 12:00 pm | Boston Fed President Susan Collins speaks | ||||
| 12:45 pm | Chicago Fed President Austan Goolsbee speaks | ||||
| 1:30 pm | Atlanta Fed President Raphael Bostic speaks |
