A.M. Look 9/2/21

Indices are trading in an upper area.

Spoo…4510-4542.I would not fade an upper breakout.
China names extended with CQQQ approaching resistance.

Risk spreads are sideways.

For those that bought Friday puts for a mid-week shuffle back and fill, it’s not happening.

I would not waste any mental capital on this line of thinking.

Articles are being written about stagflation worries. Roubini is the latest in today’s Project Syndicate.

These authors are predicting a slowdown in corporate earnings with rising inflation.

Let the charts tell you if and when.

This entry was posted in Archive and tagged , , , , , . Bookmark the permalink.