“Light” PPI Sparks Another Big Rally

The price action on this gap up is going to tell us exactly where we go from here.

PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the market retreated late in the day on light volume. That is a reminder that sellers are never far away and that we can expect volatility. This morning the PPI came in at a better than expected .2% and the S&P 500 added 30 points to the 40 point rally that was already underway.  

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