Market Prep: PPI Surge and war in Iran

$ASTS Earnings, $XLV, $PAAS, $RTX, $UNH, $SPX,

Hello Traders,

Friday’s inflation data was a massive surprise. Core PPI surged 0.8%, far outpacing the 0.3% forecast and marking the steepest climb in nearly a year. This pushes the yearly rate to 3.6%, signaling that price pressures are building again. With the conflict in Iran now set to send oil prices up an estimated 8-10% at the open, we expect a violent move into safe havens. Our scanner helped us get ahead of this, flagging aggressive call buying in GLD (up to $510) and USO (up to $90) well before the headlines hit. Our GDX trade is up over 11% since we posted it on February 19th.

As of Friday close GEX has surged on both volatility and WTI ETFs over 700%!

We hope our data has helped you keep your portfolio steady and stay one step ahead during this period of high uncertainty. Now let’s take a look at this week’s trade ideas and unusual flow: