Pre-Open Commentary | Aug 15, 24
Condensed Insight Before the Bell.
Key takeways:
Yesterday’s CPI made our macro model tick down, which gave fast macro short bias. Slow one remained bullish so overall it’s rather neutral.
On the other hand we have some changes in the Positioning section which now is clearly bearish in the midterm (still no red arrow as there is a 50pts drawdown filter).
That is why I will reduce by half my bullish midterm position.
As for other midterm/swing metrics we have profile neutral/bullish, TrendPhase still neutral/bullish.
Intraday: