Coach Mark here.

Inflationary data takes center stage this week with key readings coming in on Tuesday and Thursday. Bulls have been in control of the narrative for months now (AI, soft landing, accommodative Fed) and have been able to brush off the last couple of inflationary readings that came in on the hot side. Consumer data (CPI) comes in Tuesday and producer data (PPI) comes in on Thursday. In looking at the calendar these are by far the biggest events of the week from a narrative standpoint and fortunately we get the biggest of the two out of the way on Tuesday morning before the market opens.

There are a few other reports this week (retail sales most notably) but outside of inflationary data the biggest story this week will be the price action itself. There was shifting volatility in semiconductors on Friday (something that we have not seen in a while) and we discussed this on the Trading Justice podcast over the weekend. Shifting volatility is an important concept and you can listen to the podcast titled Semi Volatility here.

Will small caps break out? Will gold and Bitcoin continue their surges? Will oil ever make a move? Do we see a little Mag 7 rotation outside of the leaders into the laggards of Apple, Google, and Tesla. Plenty of story lines this week in the price action and we will break it all down in the Halftime Report each day.

Have a fantastic start to your week!

Chart of the Day: Semiconductors (SMH)

Been a minute since we saw a candle that ugly on semiconductors. It will be interesting to see what patterns look like at the end of the week.

Today’s lineup

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only the Coaches at Tackle Trading can deliver.

Weekend Reports

Watch the Stock, Options, Commodity, and Tackle Newsletter Reports to help you prepare for the week.

Financial freedom is a journey

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.