TMAD Spotlight: CPI and SpaceX IPO, Patience Recommended.

Hi everyone,

Just a quick update on today. Following last week's sharp sell-off in the Nasdaq, markets are closely watching to see whether the rotation from AI infrastructure/growth stocks into value and defensive sectors persists as investors raise cash for the SpaceX IPO.

Many healthcare stocks are seeing a bid; for example, our scanner detected CVS yesterday, and we discussed it in our webinar. The only one in a clear uptrend. OSCR is catching a bid today, and UNH is breaking out the previous high around 402 as well.

My suggestion is: if you want to trade a name, follow the scanner; it detects a call surge in names and scans for names in a clear uptrend. Those are lacking an overhead supply of trapped traders, which makes them move higher smoothly.

It also scans for strong momentum. You don’t have to second-guess, and it helps you take higher-probability trades.

SPX Levels

Just a chart from the video for you:

Resistance: 7,464 / 7,452

Support: 7,372 / 7,261

Let’s see how the next 2 days develop. We still have our hedges.

Cheers and see you tomorrow.

Lia

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Always conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. TMAD Finance and Trading Mindset & Data LLC, along with its affiliates, expressly disclaims any and all responsibility or liability for any financial decisions or losses incurred by readers. We are not financial advisors.