Technical Analysis Points to Bullish MomentumTechnical Analysis Points to Bullish Momentum
Canadian Victoria Feige adds to trophy case, wins fifth para surfing gold medalCanadian Victoria Feige adds to trophy case, wins fifth para surfing gold medal

It is a mixed Monday for the major stock indices ahead of the important US CPI data tomorrow at 8:30 AM.

The headline CPI number is expected to rise by 0.1% with the core expected to rise by 0.3%. The YoY is expected to fall to 3.3% from 3.7% (YoY effects) while the core is expected to be unchanged at 4.1%. Putting the core number into perspective, the high YoY prior to the pandemic/supply chain spike, the highest level going back to 2005 was 2.9%. At 4.10%, that still is well above that old peak.

The final numbers today are showing:

  • Dow industrial average rose 54.75 points or 0.16% at 34337.88
  • S&P index fell -3.69 points or -0.08% at 4411.54
  • NASDAQ index fell -30.37 points or -0.22% at 13767.73

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