Fairly neutral action - with an upward bias describes Monday, in a crowded calendar with controversial behavior in a number of technology stocks. I'm in a sort of somber mood, because it's 9/11, nothing to do with market action. It's too bad more of what was behind and financing the attacks hasn't come forth, and one has to wonder if the world 'Oil' has something to do with it. Anyone at this point see grand settlements from the Saudi's to the WTC victims? See.

(I visited the WTC Memorial a few years ago 'on' September 11 just before we all dealt with the Pandemic months later. I'm shown here pointing to a portion of the Memorial that organizes those lost by 'Tower', Pentagon, or 'Flight'. In this case Lt. Cmd. Charles Burlingame, Captain of American Airlines Flight 77 who I personally knew.. he bought my old house in Ft. Lauderdale. I recall all this every year as we all should and never forget and for me, never forgive all the vermin who repeatedly attacked the modern world even before this day.)

This is a busy week, with conceivably bullish and bearish influences, besides being September. Tuesday brings the Apple Event (lots of chatter little news or influence on pricing, barring a surprise product), Wednesday brings CPI, which might (for purposes Washington wants) suggest slowing inflation pace, and then later we have risk of the UAW strike, as automakers already struggle with the transition from ICE to EV's, which is being mandated versus demand.

So as of now it appears the UAW strike is likely to happen as sides appear far apart still. That could kick-off given the Thursday deadline. Really a potential nightmare situation for Ford and GM with both in early stages of the massive EV transformation, whereas some suggest Stellantis would be the first target. Either way it's inflationary, opposite of Walmart now trimming starting wages. I note in the Final video that the UAW is easing their demands ... slightly.

'Market X-Ray'

S&P came back somewhat, really on-hold ahead of PPI and CPI etc., and we'll see more stability on Tuesday most likely. 

If there's any observation in such an overtly neutral market it might be that the construction of technical pattern so far tends to be more bullish than bearish, to the chagrin of the heavily negative moods.

By the way, my fairly short journey to Spain and cruise to the South of France starts later this week (Thursday flying) and I'll try to provide brief comments along the way, dependent on what kind of connectivity I find.

For once I'm going to take at least a couple days with no formal reports, likely when I'm in Cannes/Monaco or Ibiza, but we'll see. And 'Tweets' (the X-rays as I call them, on 'X', the former Twitter) will be more feasible with limited fast internet as well as more flexible for observing the action wherever I am, and way too old to get into any misadventures...definitely past the explorer stage:).

More By This Author:

Market Briefing For Monday, Sep. 11
Market Briefing For Friday, Sep. 8
Market Briefing For Thursday, Sept. 7