• Comments for December 13, 2022

    The Monthly CPI number that will come out before the open will decide the fate of the markets for the rest of December.

    As far as I can see, the Money Flow tells us that equities will move higher in the coming days/weeks.











    The 10Y rates are now in a downtrend, while the $SPX is in an uptrend.





    The overvaluation level of the $SPX at current rates is just above $4200. This is also the top of the current uptrend.



    Conclusions:

    Data points to higher prices.
    Below are the trade ideas for the next days.