It was very interesting to see there was really no impact on the Stock Indices after the release of the CPI numbers this morning. In fact, the Market internals were weaker than they were today, even though there as an early open attempt to take them higher. The current short and intermediate term Key Reference Areas are still valid.

Today, I also talked about and showed a recent trade I made in TSCO demonstrating how important finding breakout moves in stocks can be profitable. I trade the Indices mostly, but during times of rotation, I will seek out opportunities in various stocks using the same strategy and tactics.