📈📉 AUG 14 CPI - arguably the most important CPI reading for 2024?!

Last week saw one of the most volatile week since 2020 where $CBOE Volatility S&P 500 Index (.VIX.US)$ Spike over 60 plus in one single session before pulling back. That was a tough one for all traders with leveraged open long positions. I for one have not seen this before and strangled to come up with what to do. 😂

But thankfully after July weeks of pullbacks. I had re position my portfolio and is now more resilient to sudden pull backs in extended trading hrs that we cannot defend it immediately and also ready some hedging strategies if needed. So i am more prepared than before.

So managed to turn a profit for the week. Very grateful and happy that I stayed disciple and sticked to the rules.

I will he watching this coming CPI for the potential rate cuts coming. Where traders according to Fedwatch is pricing in 0.25-0.5% cuts in the light of all the employemnt and inflation datas.

Time to position for the last few months of trading this year!