Follow Through

Thu, Oct 14, 2021 - 11:01am

In Wednesday's podcast, we shared some charts that revealed how important today and Friday will be for sustaining any momentum toward a trend change and breakout. The good news least for now...things are heading in the right direction.

So here we are on Thursday with just 30 hours to go before the weekly close. Today's most important data was the PPI and, though it came in a tick below "expectations", it's still OVER 8%!! See below:...

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Key Economic Events Week of 10/18

10/18 9:15 ET Cap Ute and Ind Prod
10/19 8:30 ET Housing Starts
10/19 3:00 ET Goon Waller
10/20 1:00 ET Goon Quarles
10/20 2:00 ET Fed Beige Book
10/21 8:30 ET Philly Fed
10/21 10:00 ET LEIII
10/22 9:45 ET October Flash PMIs

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