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After a long delay, the CPI is going to come out Friday morning an hour before the opening bell. A number of big ETFs look poised to leapfrog across their respective former highs, such as the S&P 500:
 

The semiconductor index:
 

And, naturally, the Nasdaq 100:
 

Some instruments seem a bit more prone. The small caps, for example, have been playing jump-rope with the damage trendline for a couple of weeks.
 

China’s ETF have stayed persistently below its own broken uptrend.
 

Whereas the Dow Industrials has likewise stayed beneath its broken trend, albeit floating near lifetime highs.
 

Because I am traveling all day Friday, I am deliberately keeping things light. Of the five portfolios I manage, three of them are entirely cash, and the other two are 66% committed and 98% committed. I’ll only be in front of my usual workstation for a half hour of the trading day (the first 30 minutes) and, a few hours later, on the sure-to-be-janky WiFi on the plane.

Good luck with wrapping up this week!

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