CCI Flips Positive

[] after months of decline, it’s back on the uptick? [View in browser]( [View in browser]( [] MAY 29, 2024 [] [] PROSPERITY PUB MARKET TALK Consumer Confidence Index: A Surprising Uptick After Months of Decline We’ve been through quite the rollercoaster with the economy lately, haven’t we? After months of watching the Consumer Confidence Index (CCI) slide downhill, we finally got some unexpected good news — the CCI has risen. So, what does this mean, and why should you care? What Is the Consumer Confidence Index? First things first, the Consumer Confidence Index is a measure of how optimistic or pessimistic consumers are about the economy’s future. When people feel good about their finances and job prospects, they tend to spend more. This spending drives the economy forward. When confidence is low, people tighten their belts, and the economy can slow down. Why Has the CCI Been Falling? For several months, the CCI had been on a downward trend. This decline was driven by a mix of factors: 1. Inflation: Anyone who pays bills knows that prices for everything from eggs to insurance are up — and still rising. This has squeezed household budgets. 2. Job Market Concerns: While unemployment rates have been relatively low, there’s been worry about job stability and wage growth. 3. Global Uncertainty: Ongoing geopolitical tensions, like the Russia/Ukraine war, and supply chain disruptions have added to the economic anxiety. The Recent Uplift: What’s Changed? Now, here’s the twist — despite these concerns, the latest data shows a rise in consumer confidence. So, what’s behind this unexpected boost? 1. Cooling Inflation: Recent reports indicate that inflation might be cooling off. This easing pressure on prices gives people a bit more breathing room financially. 2. Strong Job Market: Employment numbers have remained strong, with more people finding and keeping jobs. This stability helps boost confidence. 3. Economic Resilience: Despite the challenges, the economy has shown signs of resilience. Why It Matters to You So, why should the Average Joe care about this rise in consumer confidence? 1. Better Spending Power: When consumer confidence is up, people tend to spend more. This increased spending can drive economic growth, potentially leading to better job prospects and higher wages. 2. Market Impacts: Higher consumer confidence often translates to better performance in the stock market. If you’re invested in stocks or have a retirement fund, this can be good news for your portfolio. 3. Economic Stability: A confident consumer base helps stabilize the economy. This stability can make it easier to plan for the future, whether it’s making a big purchase or considering a new investment. Looking Ahead While this uptick in the CCI is a positive sign, it’s important to stay cautious. The Fed has increasingly been adamant that inflation will have to come down substantially before they can start to lower rates. Meanwhile, talking heads are already talking about a rate cut later in the year. It’s almost like one hand isn’t sure what the other is doing. In a market like this, it’s important to stay light-footed and ready to react as market dynamics change. — The Prosperity Pub Team [] [] Tired of staring at charts all day!? Discover a groundbreaking new trading approach that simplifies trading…? No more staring at screens until your eyes water! With Automated Options, set your trades once and watch as they close out automatically… No constant monitoring, no fuss — just set and forget! [All you need to do to discover Automated Options is click here to learn more!]( [] [] GUY COHEN’S TRADE RADAR Post-Earnings Ambiguity Two weeks ago I said: “There is upside potential, but don’t take it for granted as one twitch could spark a nasty whipsaw.” And I followed that up with this comment last week: “That didn’t happen last week, but now we’re somewhat extended that likelihood is much greater. So, play each trade by its merits, be cautious with your P1 profit targets … Protect them quickly.” Those words are resonating strongly after a patchy few days where Thursday’s sell-off bar suggests a jaded post earnings environment, notwithstanding the ongoing hype for AI related stocks. Despite that there were also a few excellent favourable Big Money Footprint moves including FSLR this past week, which many members took full advantage of. This week there are fewer setups of the prime quality that we favour. Remember, trading is not compulsory. It’s all about quality not quantity. This week the quality isn’t optimal, so remember to be fussy. One interesting phenomenon this week is that bearish Shrinking Retracements are massively outnumbering bullish ones almost 4-to-1. I haven’t yet found the quantitative consequence of this – we need more data for that – but it’s noteworthy in its rarity. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] [] [] MAY 29, 2024 [] [] PROSPERITY PUB MARKET TALK Consumer Confidence Index: A Surprising Uptick After Months of Decline We’ve been through quite the rollercoaster with the economy lately, haven’t we? After months of watching the Consumer Confidence Index (CCI) slide downhill, we finally got some unexpected good news — the CCI has risen. So, what does this mean, and why should you care? What Is the Consumer Confidence Index? First things first, the Consumer Confidence Index is a measure of how optimistic or pessimistic consumers are about the economy’s future. When people feel good about their finances and job prospects, they tend to spend more. This spending drives the economy forward. When confidence is low, people tighten their belts, and the economy can slow down. Why Has the CCI Been Falling? For several months, the CCI had been on a downward trend. This decline was driven by a mix of factors: 1. Inflation: Anyone who pays bills knows that prices for everything from eggs to insurance are up — and still rising. This has squeezed household budgets. 2. Job Market Concerns: While unemployment rates have been relatively low, there’s been worry about job stability and wage growth. 3. Global Uncertainty: Ongoing geopolitical tensions, like the Russia/Ukraine war, and supply chain disruptions have added to the economic anxiety. The Recent Uplift: What’s Changed? Now, here’s the twist — despite these concerns, the latest data shows a rise in consumer confidence. So, what’s behind this unexpected boost? 1. Cooling Inflation: Recent reports indicate that inflation might be cooling off. This easing pressure on prices gives people a bit more breathing room financially. 2. Strong Job Market: Employment numbers have remained strong, with more people finding and keeping jobs. This stability helps boost confidence. 3. Economic Resilience: Despite the challenges, the economy has shown signs of resilience. Why It Matters to You So, why should the Average Joe care about this rise in consumer confidence? 1. Better Spending Power: When consumer confidence is up, people tend to spend more. This increased spending can drive economic growth, potentially leading to better job prospects and higher wages. 2. Market Impacts: Higher consumer confidence often translates to better performance in the stock market. If you’re invested in stocks or have a retirement fund, this can be good news for your portfolio. 3. Economic Stability: A confident consumer base helps stabilize the economy. This stability can make it easier to plan for the future, whether it’s making a big purchase or considering a new investment. Looking Ahead While this uptick in the CCI is a positive sign, it’s important to stay cautious. The Fed has increasingly been adamant that inflation will have to come down substantially before they can start to lower rates. Meanwhile, talking heads are already talking about a rate cut later in the year. It’s almost like one hand isn’t sure what the other is doing. In a market like this, it’s important to stay light-footed and ready to react as market dynamics change. — The Prosperity Pub Team [] [] Tired of staring at charts all day!? Discover a groundbreaking new trading approach that simplifies trading…? No more staring at screens until your eyes water! With Automated Options, set your trades once and watch as they close out automatically… No constant monitoring, no fuss — just set and forget! [All you need to do to discover Automated Options is click here to learn more!]( [] [] GUY COHEN’S TRADE RADAR Post-Earnings Ambiguity Two weeks ago I said: “There is upside potential, but don’t take it for granted as one twitch could spark a nasty whipsaw.” And I followed that up with this comment last week: “That didn’t happen last week, but now we’re somewhat extended that likelihood is much greater. So, play each trade by its merits, be cautious with your P1 profit targets … Protect them quickly.” Those words are resonating strongly after a patchy few days where Thursday’s sell-off bar suggests a jaded post earnings environment, notwithstanding the ongoing hype for AI related stocks. Despite that there were also a few excellent favourable Big Money Footprint moves including FSLR this past week, which many members took full advantage of. This week there are fewer setups of the prime quality that we favour. Remember, trading is not compulsory. It’s all about quality not quantity. This week the quality isn’t optimal, so remember to be fussy. One interesting phenomenon this week is that bearish Shrinking Retracements are massively outnumbering bullish ones almost 4-to-1. I haven’t yet found the quantitative consequence of this – we need more data for that – but it’s noteworthy in its rarity. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](