Wednesday Market Wrap and Must Reads

  The only way to end your day   🧊Inflation numbers cooler than expected Stocks moved higher after key inflation data came in cooler than expected. The April Consumer Price Index (CPI), rose 4.9% from the same month a year ago, which was just below the 5% increase that economists expected. Markets opened strong, fell into the negative, but ultimately recovered to close a higher. The tech-heavy Nasdaq-100 ETF (QQQ) rose 1%. Meanwhile the S&P 500 ETF (SPY) and Russell 2000 ETF (IWM) rose 0.46% and 0.51% respectively. Investors and traders will look to Thursday morning's Producer Price Index (PPI) numbers release, which could result in another day of up-and-down intraday moves, but relatively sideways trading overall. 📱 Google rises after tech announcements Shares of tech giant Google (GOOGL) rose 4% after the company made several announcements from it's I/O developer conference. Among the announcements were the company's first foldable phone, a new tablet, and more. But perhaps the most notable announcement that investors liked - at least according to price action - was how the company plans to integrate artificial intelligence into it's Search, Docs, Sheets, Slides, and Gmail platforms. Google shares traded higher on higher volume - seeing 1.6 times it's average trading volume. 🐁 Disney streaming losses narrow Disney (DIS) announced earnings after the closing bell. The company's earnings per share expectations came right in line with analyst expectations, at 93 cents, and managed to barely eke out higher than expected revenue, reporting $21.81 billion against the $21.79 billion expected. While the House of Mouse's Disney+ subscriber count has fallen, the company was able to offset the loss with price increases. Disney also protected the bottom line by announcing 7,000 total job cuts earlier this year. 🛢️ Alternative Investments Mixed West Texas Intermediate (WTI) oil contracts fell 1.22%, while natural gas shed 3.71%. Bitcoin (BTC) and Ethereum (ETH) each added 0.3% and 0.2%. Gold fell 0.25% to close at $2037.80. TOMORROW Tom Gentile and gold stock trading legend Brien Lundin will host the $5K Gold Breakout Event at 10 AM ET. This event is totally free - so you should definitely be there - and will go into greater detail about Tom's personal $1.5 million bet that the price of gold will increase significantly in the next six months. [RSVP for your seat right here.]( 👀 Looking ahead The market reaction was mixed to Consumer Price Index numbers today, and tomorrow brings both Producer Price Index and Unemployment Claims - both key figures in the Fed's quest to quell inflation. To see the market's reaction to these numbers LIVE - and learn how you can potentially trade the market's reaction - be sure to tune into [Money Morning LIVE every day at 8:30 AM ET right here.]( 📊 Earnings on deck Thursday before market open: JD.com (JD), Krispy Kreme (DNUT), Fiverr (FVRR) Wednesday after market close: Disney (DIS), The Trade Desk (TTD), Beyond Meat (BYND) Today's leading sectors: Technology (XLK +1.2%), Biotech (XBI +1.59%) Today's lagging sectors: Energy (XLE -1.1%), Financials (XLF -0.56%)   Must Reads     Mark and I Talk Volume They don’t call me the Volume Queen for nothing. Of course I’m all about using Volume Profile to kinetically confirm trades – whether overnight or intraday, Volume Profile is my compass. [Mark and I recently sat down and had a chit chat about volume which I think can provide any trader with a solid informational foundation to getting started trading around volume...]( [Continue Reading](     As Retail Struggles, This Trade Should Fly Off the Shelves A week or so ago, I ordered a package on Amazon. Don’t worry, this isn’t me patting myself on the back for something seemingly everyone does every day. [But bear with me, because this story definitely paints a broader picture...]( [Continue Reading](     [The $5K Gold Breakout]( Gold’s been dead for over a decade. But in the next 6 months, it’s going to hit a revival that’ll shoot it to $5K in the next 180 days. You can’t ignore this. On Thursday, we’ll tell you exactly what’s backing this prediction. [Want to come?]( [Continue Reading](     Here's what to do when you miss a trade We’ve all been in a situation where you see a stock take off and you miss your entry. It happens to the best of us. But you don’t just give up for the day. You continue to stalk your trades, wait for your setup, and get in later for when the market is telling you it’s a good idea. [Just take a look at what happened with the Q’s today…]( [Continue Reading](     This Stock’s Reversal Gives Us an Opportunity for a Quick Profit Pop Today, I want to talk about something traders refer to as “filling the gap.” “Gaps” in a stock’s chart occur when the price of the asset moves suddenly up or down, usually in response to news outside of market hours. In many cases these gaps don’t last. Instead, they’re “filled” when share prices move back into the range of the gap. [For example...]( [Continue Reading](     There’s “Rich”... And Then There’s “Texas Rich” [There’s “Rich”... And Then There’s “Texas Rich”]( As we speak, a massive bidding war in the oil fields of the Permian Basin is setting up for a new generation of “Texas Rich.” All you need to know is the right acquisition targets and how to play ‘em. Garrett {NAME} is sharing the full game plan: his targets, the buyers, and the date of every single deal. If you’re ready to learn the meaning of “Texas Rich,” [Check it out by clicking here.]( [Continue Reading](     D.C.'s Political Theater Will Have Real Consequences For Your Money “Nobody knows how far you can go with a paper currency before it gets out of control, particularly if you are the world’s reserve currency.” Those were Warren Buffett’s words over the weekend at Berkshire Hathaway’s (BRKB) annual shareholder meeting. [The debt ceiling problem again brings our fiscal policy into focus as we barrel toward fiscal oblivion...]( [Continue Reading](   We’d love to hear from you! There’s nothing more that we value than hearing from our loyal Money Morning LIVE audience! (Especially hearing how much you LOVE the content you receive from Trading Today) So whatever your pleasure - whether it’s [Twitter]( [Instagram]( [TikTok]( or [Facebook]( - give us a like, a follow, or leave us a comment (or an emoji 💸)! Never miss another issue! up for every daily newsletter that we have to offer]( never miss another watchlist, free trade, or lesson ever again! - Boom 💥 Editor, Trading Today   [Twitter]( [Instagram]( [TikTok]( [Facebook]( AI could replace 300 million jobs in the next decade. Are you positioned for poverty or profit? [Learn How To Protect Yourself Here!]( You are receiving this e-mail at {EMAIL}, as part of your subscription to Trading Today. To remove your email from this list: [unsubscribe here](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Trading Today | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Morning LIVE. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Morning LIVE. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions](