Consumer price report Wednesday expected to show inflation isn’t going away

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Consumer price report Wednesday expected to show inflation isn’t going away. 📊 The January consumer price index report is likely to tell a familiar story: another month, another expected miss for inflation as it relates to the Federal Reserve’s goal, with concerns aplenty about what happens from here. CNBC reports.

🚗 BYDAIBoost: Tesla shares dropped 6% on Tuesday after Chinese rival BYD announced plans to develop autonomous vehicle technology with DeepSeek. CNBC reports.

🛍️ eComIntelligence: Alibaba’s shares soar after investors buy iPhone AI hopes. Yahoo Finance reports.

📊 SuperStack: Super Micro Computer rose in extended trading after giving an aggressive long-term revenue outlook and saying it “believes” it will meet a Nasdaq deadline to file audited financial results. Yahoo Finance reports.

💳 CheckOutLook: Shopify beats on fourth-quarter revenue, but gives mixed guidance. CNBC reports.

🏆 ChipDominance: Positron, a startup chip maker that aims to compete with Nvidia, said Tuesday it raised $23.5 million to scale production of its U.S.-made artificial intelligence chips. Reuters reports.

⚡ FuriosaMove: Mark Zuckerberg‘s Meta is in discussions to acquire FuriosaAI, a South Korean AI chip startup founded by June Paik, a former Samsung and Advanced Micro Devices engineer. Benzinga reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $NXU: Nxu
Total gain: +71.04%

2. $WINT: Windtree Therapeutics
Total gain: +48.93%

3. $SPGC: Sacks Parente Golf
Total gain: +37.98%

4. $KDLY: Kindly MD
Total gain: +35.76%

5. $MYNA: Mynaric
Total gain: +33.56%

* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 9 AM ET for "Pre-Market Momentum”.

What is Price Action?

At its core, price action is about observing the historical movement of prices to make trading decisions. This approach excludes the use of technical indicators or trading algorithms. Instead, it relies on the analysis of price movements alone. While I do utilize a few indicators to support my conclusions, the key here is to let the price itself dictate the next move.

Understanding Support and Resistance

Support and resistance are fundamental concepts in price action. These levels represent the prices where assets repeatedly reverse direction—support acts as a floor preventing prices from falling further, and resistance acts as a ceiling stopping prices from rising. Identifying these levels can help you pinpoint entry and exit points for trades.

Finding Significant Levels

To effectively use support and resistance, it’s essential to identify significant levels. Not all levels are created equal, and I categorize these based on their importance. For instance, when looking at a chart, I prioritize levels that have shown multiple "emotional" reactions—meaning price points where the market showed strong movements, whether as a breakout or reversal. Such levels are not random; they often reveal areas where traders have acted in the past, which means they might act similarly in the future.

The closing price of the top three market percent gainers trading near or above $3 on February 11.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $AIFF: Firefly Neuroscience
Total gain: +168%
The company announced its acceptance into the NVIDIA Connect program. Benzinga reports.

2. $SOPA: Society Pass
Total gain: +113%
The stock appeared to be moving on no notable news.

3. $LIPO: Lipella Pharmaceuticals
Total gain: +42.3%
The company shared topline analysis of its Phase 2a multicenter dose-ranging trial examining LP-310, a liposomal-tacrolimus oral rinse formulation of LP-10 being developed to treat oral lichen planus. Benzinga reports.

Time (ET) / Report / Period

8:30 am - Consumer price index - January
8:30 am - CPI year over year
8:30 am - Core CPI - January

“A company that can show a completely stable earnings record over many years is likely to have avoided taking the kinds of risk that would enable it to achieve spectacular success.”

― Philip Fisher

Sourced in:
“Common Stocks and Uncommon Profits.”, by Philip Fisher, published in 1958.