A technical approach to trading - no Booyah no BS - just information
Tuesday, May 15, 2007
Tuesday Morning - CPI Day - HooRay! HooRay!
I don't know what to say about this - it hit the expected target but the "12-month rate is lowest in a year" - that's good news and good news and the FOREX market said -
Which is about a benign as you can get in the face of the CPI announcement. The NASDAQ market began pulling up instantly and the futures fair value indicator went green.
Another nice trade.
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