Weekly Update 11-7-22

Sentiment: Bullish this week until CPI numbers come out on Thursday. There are some earnings reports this week but I doubt we will see anything new after 70%+ of the S&P500 companies that have reported.

CPI can be seen here on 11/10/22 at 8:30 AM EST: https://us.econoday.com/byshoweventfull.aspx?fid=541686&cust=us&year=2022&lid=0&prev=/byweek.asp#top

Main index charts are in no man’s land right now. Showing them to you is a distraction and any change in direction will only come after CPI numbers are announced. If CPI is higher than expected, expect the market to go down and vice versa.