August 10, 2022

Good morning. CPI report showed a slowing inflation rate and came under the expect 8.7% number at 8.5%. Futures are ripping but will it hold? The first half hour to an hour along with mid-day and the last hour of the session will be key for longer term movement. We will be watching this closely. We are well positioned with positions in ASAN, WEN, MLCO, and holding itrm. Queue is now igniting in premarket, but we just want to be a bit cautious and watch volume / price activity. Be ready today! Let's have a great session.