The CPI data was as weak as expected and confirmed inflation fears already priced into the market. The NASDAQ didn't rally off of the news, it just sort of consolidated some of yesterday's loss on much lower volume. The SOX was the best performing tech sector. The chart technicals still support further downside and until we get more buyers to participate, it remains a very difficult environment to trade in.Friday is the quarterly options expiration which has come to be known as the triple witching expiration day. It should provide a lot of volume and I'll be watching from the sidelines.
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