Day-Trading Scenarios for May 13, 2026

Today is a 30-minute opening range breakout day.

We traded short before the PPI then long on the banker's flush. We want to short rallies today.

The YM June 2026 contract settled near 49,760, showing resilience in the face of macro headwinds.  

• The Catalyst: April CPI data came in hotter than expected (3.8% headline, 2.8% core). This sent the 10-year Treasury yield toward 4.45%.  

  
  

• Sector Divergence: While the Nasdaq struggled with the rate pressure, the Dow stayed afloat thanks to a rotation into Financials and Healthcare. UnitedHealth (UNH) and Walmart (WMT) were notable leaders, offsetting a -3.5% slide in Salesforce (CRM).  

  
  

• Volume/Breadth: Volume was slightly above the 20-day average, but breadth was narrow—only 13 of the 30 Dow components finished in the green.  

• Broader Drivers: Ongoing earnings momentum (AI/tech tailwinds), oil price swings, and geopolitical/policy headlines (Trump-Xi summit mentions, etc.). Consumer resilience and corporate beats remain supportive structurally.

Overall Bias: Structurally bullish on the recovery/uptrend, but highly event-driven around PPI. Volatility expected post-release — hot inflation risks a risk-off tilt (higher yields, softer equities); soft data supports dip-buying and new highs attempts. Monitor bond yields and oil closely for YM spillover.

Trade with caution around the 8:30 data (wide stops or sit out if needed).

A few of our institution friends are buying IBM for a trade.

MBA Mortgage Applications

 7:00 AM ET

PPI-Final Demand

 8:30 AM ET

EIA Petroleum Status Report

 10:30 AM ET

Treasury Buyback Announcement

 11:00 AM ET

Susan Collins Speaks

 11:30 AM ET

4-Month Bill Auction

 11:30 AM ET

30-Yr Bond Auction

 1:00 PM ET

Neel Kashkari Speaks

 1:15 PM ET

Treasury Buyback Results

 2:00 PM ET

Lorie Logan Speaks

 7:00 PM ET

<<<<<<<<<<<<<<<<<<<<<<<<<<<

DATE: 5/13/2026

TIME: 9:28 AM

HIGH: 49924

LOW: 49397

CLOSE: 49869

PIVOT: 49730

SUPPORT: 49450

RESISTANCE: 50002

SWING MAGNITUDE: 181

TIME OF COMMENT: 9:28 AM

COMMENT: For today's real-time trading calls enjoy a One Week Trial at https://www.eminiace.com/services