The Long Investor

$QQQ TOP 20

Added 2024-06-09 17:54:46 +0000 UTC

CPI figures are out on Weds morning 0830 EST and the market is showing that they believe there is no concern here and that they do no expect the figures to be hot.

This did catch the market out in April and there was a harsh decline so I would lead on the side of caution this week, as in, don't play the CPI game this week, continue to focus on undervalued positions and stocks that we have been focusing on over the last few months to buy.

There will likely be some volatility on Mon and Tues too, if we see some heavy red on Mon, the market makers could be trying to force some selling by weaker holders, only for them to buy at the cheaper prices, this is a common occurrence before an important economic data event like the CPI print, do not get pulled into these actions. If you are holding an undervalued position, you should have no problem holding it during any intraday movement, if the structure is in place, you hold and move on.

Any buy alerts I have sent out over the last few months have not been into overvalued positions, when the market is in Wave 5, I am more orientated about building a portfolio that could withstand any corrections.

Which is why we have bought Chinese ADRs, $PYPL, $SHOP, $ETH and SILVER....they have all been out of sync with the US market.

I have a busy week flying this week so I will be doing a lot of my uploads in the morning because I am working in the evening into the night, so expect charts to be uploaded in the morning and inactivity from me in the second half of the day.

I will review all charts as normal each morning.