Midday market 11/14: SPY near 400, investors continue to expect after CPI

The market opened the first trading session of the week with the technology sector pulling the index back after statements from some FOMC members on interest rate policy. However, selling pressure did not appear with extremely low market liquidity throughout the morning, helping SPY and QQQ gradually recover to Friday's closing levels. Internals generally continued mixed, not showing a clear bias in one direction, with investors choosing to sit out the market all morning as the bond market also had little movement.

News that Amazon will lay off about 10,000 employees also did not have too much impact on investor sentiment as cost-cutting is quite common at the current time, especially with the ER season for the retail sector this week, investors will have a clearer view of inflation pressure on the retail industry.

With extremely weak market liquidity and investors showing uncertainty as SPY approaches the 400 call wall. Viet Hustler will look at the money flow rotation in the recent rally.