In line CPI (excluding oil/gas and food) and slight weakness in oil, helped propel the markets higher from deeply oversold levels. The technical bounce was the biggest one day move for the NASDAQ since May 1st. The lighter volume implies a lack of conviction on the part of institutional investors. Keep an eye on headlines, as well as, the next resistance level 2460-70.
Economic Calendar - PPI, housing starts, and capacity utilization on Tuesday.
I'm off on Monday. I'll be back on Tuesday.
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