The price of oil was quite elevated during most of April so a likely flow on to inflation … also grocery and housing prices remain belligerently high, so maybe CPI Wed and PPI Tue will disappoint markets? Good luck with your Nas short.
If I was trading indexes, the DOW would be my last choice as a big movement in the higher priced DOW components can without warning impact the DOW by +/- 100 points or more and a moderate movement in 2-3 component companies can have the same or more magnified effect, and these big swings can be against or with the overall trend for the trading session … premarket news indicating what component companies are reporting/announcing and how their price is being affected is hard to come by … hence why some nights 80% or so of pinners can get wrong footed.
