Good Morning:

• On the most important order of business today, the markets will react to new inflation data and today is a minor turn day.
• Look to 3995 and 4012 as resistance and 3970, then 3960 and the WEM at 3930 as support.
• At this writing (Pre inflation report), we have a 20-point boost from Globex. But that could quickly reverse on bad news.
• Price is bouncing off the daily mean and taking out yesterday’s high, suggesting a higher pivot reversal and a possible buy signal.
• Don’t count on it, but carry it forward in your narrative.
• I have picked up a cold virus, so I am skipping the Trading Room this morning, but we will be in the room every day next week to make up for the software updates and disruptions this week.
• I will keep the charts up, but a close above the mean and 4000 would negate the 12/1 sell signal and lock in profits on any short from that level.
• And yes, now that Twitter has become “fair,” President Orwell’s claim Yesterday that his administration reduced unemployment by 90% generated a “context” comment by Twitter, explaining the Covid overlay to the Bogus Claim.
• And, hypocrites that the Marxists are, they are squealing loudly like pigs as they get a dose of their own medicine.
• However, it does not change the fact that YouTube, LinkedIn, and others are infiltrated like the “old” Twitter and continuing on with their Marxist policies.
• But even a small victory feels good, and Arizona Democrat Senator Kristen Cinema’s decision to leave the Democrat Party and become an independent is also encouraging.
• As far as I am concerned, the sooner the Democrat and Republican parties disintegrate, the better for our country. We should all be independents. Wouldn’t that drive the elites crazy?

A.F. Thornton