1/12/23 CPI Inflation Data Drops at 8:30 AM


Markets rose for a second day ahead of the latest headline inflation data front the CPI report due out at 8:30 this moring.

The anticipation has the markets on edge.

Photo by JÉSHOOTS from Pexels

All four major indexes ended Wednesday solidly in the green…

  • Dow Jones +0.8%
  • Nasdaq +1.8%
  • S&P 500 +1.3%
  • Russell 2000 +1.2%

Sector Round Up

All 11 sectors ended the day positive.

At the top…

  • Real Estate (XLRE) +3.6%
  • Consumer Discretionary (XLY) +2.7%
  • Technology (XLK) +1.7%

In the rear…

  • Consumer Staples (XLP) +0.1%
  • Energy (XLE) +0.3%
  • Healthcare (XLV) +0.6%

This morning all eyes are on the CPI report.


The VIX’s range is narrowing and the trend is clearly downward. That’s bullish

VIX Daily Candles – Chart via thinkorswim

Our current reading show that the markets have high hopes for 2023.

We’ll keep a close eye on our signals for signs of a change. Right now…


In addition to the CPI report the latest weekly unemployment claims numbers will also drop at 8:30 this morning.

  • Keep an eye on the market’s reaction to both these figures
  • Ignore the headlines

Tomorrow, earnings season begins with several big banks reporting premarket.


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EH support at $12
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Secondary watchlist, float 100+ million

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