Market analysis for May 15th, 2024

Welcome back to CPI Wednesday! Todays blog will be short and sweet (I hope). Yesterday was another banner day for us. Scalping was well above expectations. We ended up bringing in $3,280 gross profit on the day. We'll also be expanding to five days a week starting today. It's been a cash machine for us this last year.
Our 0DTE's performed flawlessly. Bitcoin = 9%. E.C. NDX = 12% NDX= 28% SPX= 17% ROI. All told I put approx. 17K of capital in and generated almost $3,400 of profit. This puts our week to date 0DTE profit at $6,469 dollars. Our goal this week is $10,000 of profit. Where we end up is any bodies guess but I think we are on a good path here. 
We also had a very nice, quick profit turn on another Theta fairy. We put this on right before PPI and were able to hit our take profit in less than an hour. We'll try the same setup today with CPI.

Todays focus is the CPI report. That will drive the market today so no levels for me.

Our trade docket today:
CSCO, /NG, BA, CVS, DELL, GME, GRPN, MSTR, SPX/NDX/E.C. NDX/Bitcoin 0DTE, ORCL, XBI, WMT, DE, BIDU, JD.

We'll be running our scalping feed with google meets today so check the scalping server for log in info.
​See you in the live trading room soon!