Hi all,

The DOW and S&P finished the week at new highs yet again. This week's notable report was the CPI data showing a slightly higher 0.2% increase month over month versus a 0.1% expected number. This was a bit of a disappointment on the inflation fight front.

On Friday we got more positive data as the PPI number was reported lower than expected at a 0.0% versus the 0.1% expected. This offset the higher read on CPI from the previous day.

Meanwhile, TSLA held its long-anticipated Robo-taxi event. Investors clearly were not that impressed as the stock sold off the day after, losing about 9% of its value. The lack of any mention of the cheaper Model 2 and the long time frame for taxi rollout were likely two factors that contributed to the disappointment.

Lastly, JPM and WFC got us going on another round of earnings. The earnings reports and consumer outlook were favorable causing all the financials to rally on the news Friday. The earnings season is starting out on a positive note. We shall see if it can continue with more good numbers from other sectors of the economy.

Recap Video

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Sectors in Play Last Week

• Technology and Industrials were big gainers this week.
• Utilities and Comm Services were the sectors that lost the most for the week.

Key Levels for this Week

• DOW (42,864) – support 42,000 and resistance 43,000
• QQQ (493) – support 480 and resistance 500
• SPY (580) – support 565 and resistance 585
• IWM (221) – support 215 and resistance 225

What to Watch for this Week

• Monday – Bond market closed for Columbus Day.
• Tuesday – 8:30 Empire State Manufacturing Survey
• Wednesday – 8:30 Import price indexes
• Thursday –8:30 Jobless claims and Retail sales: 9:15 Industrial Production and Capacity Utilization; 10:00 Business Inventories and Home Builder Confidence.
• Friday – 8:30 Housing Starts and Building Permits

Earnings this week

• Monday – nada
• Tues – C, GS, BAC, UNH, JNJ pre and UAL post
• Wed – LVS pre and CSX post
• Thurs –TSM, MS pre and NFLX, ISRG post
• Friday – PG, AXP pre

Positions and Trades Last Week

• CMG – Long. Looking for a break higher.
• CRWD – Long under just $300 and got a nice breakout. Sold some Friday and holding rest for a move higher.
• FXI – Out the rest and watching. More news from China on stimulus coming this weekend.
• OKLO – In on Thursday under $10 and now down due to Friday selling – a break below $9 and I am out.
• UVXY – still long from two weeks ago but sold most.

Tracking for Potential Trades

• ABCL – potential bottoming action at $2.40 with the presentation in November on their technology.
• ET – breaking out and poised to move higher on fundamentals.
• TD – hit with a big fine and lots of selling, looking to build a longer-term position.
• TSLA – disappointed with the Robo-taxi event but watching to see if it holds here. Musk has a hard-core fan base.
• XLU and XLRE – interest rate sensitive ETFs have pulled back but if rates have stopped going up they could rebound.

Note: These are investments I am in or watching however, they may not be suitable for all investors. The author of this email is NOT an investment advisory service, a registered investment advisor, or a broker-dealer and I do NOT undertake to advise clients or recipients of this email on which securities they should buy or sell for themselves. This email is provided for information purposes only and traders should always consult with their licensed financial and tax advisors to determine the suitability of any investment.