FOMC: “Participants remarked that recent inflation readings had continued to significantly exceed the Committee’s longer-run goal and elevated inflation was persisting longer than they had
– Price Exit: $174.50– Percent Gain/Loss on entire position: 2.99% Gain– Reason for Exit: Profit taking Will look to re-enter when it sets up again.
– Strat Signal: 212 60 up with the 22 day in force– Price Entry: 21.74– Target: 26.34– Stop Price: 20.90
– Strat Signal: 2112 double inside 30 break with the 22 day up in force and 32 month up – Price Entry: 33.17 – Target:
US January retail sales 3.8% versus 2.1% estimate Remember inflation increases this number since it’s calculated on dollars spent
Inflation data “surprised” to the upside as Jan. PPI soared 1%, double the .5% estimate U.S. PRODUCER PRICE INFLATION RISES +9.7% Y/Y IN JANUARY; EST.
– Price Exit: $89.47– Percent Gain/Loss on entire position: 1% Gain– Reason for Exit: Hit stop after taking the day down Will look to potentially
Current Open Positions:– VLO +2.66%– GLD +2.09%– Totals +2.44%
– Price Trim: $92.31 – Percent Gain: 3% – Reason for Exit: Reduced position size into strength before the weekend
Sepia Group Trading opened a long position in VLO at 89.56 on a double inside day break and 2112 day up
