PPI and retail sales both came in hotter than expected, adding to the inflation concerns raised by yesterday’s CPI. PPI rose 1.3% m/m and 6.3% y/y; retail sales increased 0.8% m/m.
💰DXY is testing 102.25–102.27, near its 20-day EMA. Gold remains below $4,145–$4,150, while BTC is still under $81,000 with a weak RSI.
I’m staying cautious until price settles after the data.
Cash is a position. NFA.
TRADE $XAU HERE👇
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$SNDKB 📉 SanDisk ($SNDK): Don’t Rush the Bottom
SanDisk has been moving lower, and instead of trying to catch the exact bottom, I’d rather build a position step by step.
🔹 Below $1,500 → first accumulation zone
🔹 Below $1,400 → consider adding again
🔹 Below $1,300 → another potential entry area
$SNDK
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But there’s one level where I’d become much more cautious: $1,236. I wouldn’t blindly chase the price below that area.
The key is patience. Until a convincing bottom-fish...