Market analysis for March 12th, 2024

​We had quite a busy day yesterday. 28 total trades taken in our live trading room. There is always something for everyone and every type of trader. Shorts, Longs, Earnings trades, All kinds of different 0DTE setups, Commodities, Bonds and even a return of the Theta Fairy!...you name it. My net liq had a good day up $3,450 with our event contract 0DTE pulling its weight with our best 0DTE of the year 54% ROI. Unfortunately I didn't get a full fill but thats how is goes sometimes. We don't want to chase entries. Today is another day.

We have CPI today as the pre-planned news catalyst. CPI can be a bigger driver than FOMC so I don't plan out levels for today. We'll trade small and trade soley what we see. 
Tuesday 12th March
08:30 ET
US CPI for February
The US Consumer Price Index is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services.
It tracks price movements from the perspective of the consumer and is a key indicator of inflation.
The CPI is divided into various categories such as food, energy, housing, transportation, and medical care, providing insights into price trends across different sectors of the economy.
Changes in the CPI can impact consumers’ purchasing power, cost of living adjustments, and monetary policy decisions made by central banks.
What to Expect
Markets are paying attention to inflation reports.
Higher-than-expected inflation could cause markets to push back on Fed rate cut bets, which could cause weakness in US stocks, and strength in the dollar.
The reverse is also true, lower-than-expected inflation, would likely cause the markets to bring forward rate-cut bets, which would cause strength in US stocks and weakness in the dollar.
Societe Generale noted that they view the lingering, sticky price issue as primarily concentrated in the rent component. The PCE-deflator, which is less reliant on rent, has exhibited greater moderation. If CPI rents can moderate, the Fed should be more willing to cut.

It you'd like to brush up on CPI and why its such a market mover go here: https://features.financialjuice.com/2024/03/11/us-cpi-prep-2/​

I added a section to the website detailing my approach to daytrading. This will give you context into how we operate in our live trading room. Hopefully they can be of help to you. 
Go to the "more" tab and click on "my level to level approach".

The trade docket for today is light. We are looking to book profits on Theta Fairy, ASAN, CASY, ORCL. New trades on DELL and our three 0DTE setups with SPX/NDX/Event contracts. We will also be spending today in our live scalping room. Come watch us work towards $50,000 profit.

Trade small today and don't chase is my advice for today. Best of luck to all you traders out there.