Daily Alert – Thursday 13th January 2022: US CPI beats expectation, markets calm

Mark NugentDaily Alert, Jan 2022

Daily Alert – Thursday 13th January 2022: US CPI beats expectation, markets calm

Good morning.

US CPI beat expectation yesterday, but the markets remained calm. The economic calendar was otherwise sparse.

Today sees US PPI (Producers Price Index) which is another insight into inflation. PPI has, in general, a lower impact on prices than CPI, so I do not expect this reading to move the markets.

My Nasdaq and Japan225 trades are in the money with stops safely at breakeven, but they seem to have run out of steam. I am not keen to close then for a small reward-to-risk. I will be patient and give them time to breathe. If they turn down and close at breakeven, so be it. Anxiety about losing small, notional profits by closing trades early is a route to failure. (It’s also a manifestation of fear-of-loss). The only thing we should really care about is getting our stops to breakeven. Then there is no way to lose.

If my trades close early tomorrow, I will make the usual brief videos, otherwise I will exit before the market close on Friday and the videos will be available on Monday.

Have a great weekend when it comes.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE