Cooling Inflation VS. Election Balance

The latest update of the Consumer Price Index showed that inflation is slowing a bit. While it is still high, it is not as high over the same time period last year as it was the when we got previous updates. And you can hear Wall Street cheering around the globe. For a minute at least. We are also glued to red vs blue news feeds with the balance of the senate teetering precariously. The final outcome could have a pretty big impact on stocks but like a streaming drama series, each perceived conclusion only opens another cliffhanger. We talked a bit about it on Monday but the only certain that will come from this is volatility. So when looking at trades today we have to find a way to determine which of those key factors are going to drive the next market move. The key to trading is to tone out the noise and let the market tell you what is important to traders, not the media. [Advertisement--When momentum gets exhausted, this pattern pays out. Check it out here.]( The green line on the chart above shows that the bear market rally back in March and then again in August felt like we were seeing the end of this current downtrend. But both failed and we continued lower. Good inflation numbers seem like they could be at the root of the decline and appear to be a sign of hope, but we need to see more confirmation on the charts to make that believable. The blue line shows us that we are still in a downtrend and the MACD is showing a potential cross down. That may waiver with today's glimpse of optimism but we are unlikely to see a reversal. With the election likely to drag out and stir uncertainty, we should expect to see more swings as this continues to be one of the wildest rides down the market has ever seen. Lee Gettess not only has put together some tools that validate a reversing trend with uncanny accuracy but he also has developed ways to trade those exhausted trends that have the potential to be quite lucrative. You can check out his approach [here](. Keep learning and trade wisely, John Boyer Editor Market Wealth Daily See Related Articles on [TradeWinsDaily.com]( [Cooling Inflation VS. Election Balance]( [Chart of Day: Bitcoin (BTC)]( [Pinpointing Lucrative Reversals]( [Election Battle Creates QQQ Opportunity]( [Don’t Let The Election Hide This Trade]( --------------------------------------------------------------- [TradeWins Logo]( © 2022 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. 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