As we prepare for what is supposed to be one of the most important CPI prints in a long time, it is extremely important to ascertain that we manage the downside risk first for what is more than likely to be a very volatile day.
Review of today’s market action:
With time the true market leaders are beginning to show themselves, today’s standout was RYTM which broke through a downward trend line to finish the day +13.56%
Most stocks rallied along with the indices, the recent improvement in breadth is a positive moving forward.
Reviewing positions:
I continue to hold just ISEE and SHLS with the aim of building enough of a cushion to finance risk on future trades
Tried buying SHPS today over the previous high of day but eventually got stopped out after it was halted and dropped -24% in a few seconds wiping out my +15% gain
Focus into tomorrow:
$STEM
$MAXN
$NOVA
$PRVA
$DM
$COGT
$FLNC
$AXSM
$BIRD