Daily Market Recap

Thursday June 11, 2024

Articles Worth Reading:

The Article of The Week is out: A Market Inflection & China Third Plenum.

That’s a lengthy read and covers a lot so worth a read for paying and non paying members, the video and pod will be out later tonight.

Two more AST Alert trades closed for profits today in a red market.

BABA 0.00%↑ - Big gain here for the AST Alert portfolio.

NEM 0.00%↑ - Target one hit on this as well.

And finally a new AST Alert was issued today.

These were the report cliff notes for this week.

My notes from last night to readers:

The move for CPI tomorrow is probably a check-back and rally if we come in cool but again, the move was pricing in all weeks so being positioned already was the trade. I don’t like trading off the news, so I don’t care about the reaction from it initially - only what happens at the US open.

Longer recap tonight. Worth watching - explaining outside day reversals and PHLOD concepts.