Benzinga·2025-08-12 12:36Market Overview - The July Consumer Price Index (CPI) is set to be released at 8:30 AM ET, which is highly anticipated as it will provide insights into current inflation trends and potential impacts on Federal Reserve policy [1] - Real Average Hourly Earnings for July will also be published simultaneously, adding context to inflation and wage growth [1] - Elevated volatility is expected around these events, particularly immediately following the CPI data release, with potential for quick price movements as traders react [3] Federal Reserve Insights - Fed non-voting member Thomas Barkin will speak at 10 AM ET, providing insights on the economy that may hint at the Fed's stance on interest rates and inflation [2] - Barkin's comments following the CPI release could influence market direction in equities and bonds [2] SPDR S&P 500 ETF Trust (SPY) - SPY is currently around the 635.50 pivot, with a breakout level at 636.75 that could lead to further gains towards 638.29 and potentially 640.09 [4] - If SPY fails to attract buyers at 635.50, it may drop to 634.00, with further downside targets at 632.75 and 631.01 [5] Invesco QQQ Trust Series 1 (QQQ) - QQQ is starting around the 572.50 zone, with a bullish breakout above 573.61 targeting 575.07 and potentially 578.04 [6] - A slip below 572.50 could lead to tests of support at 570.84 and further declines towards 569.20 [7] Apple Inc. (AAPL) - AAPL is trading near 226.50, with a breakout past 227.34 potentially leading to 227.68 and a bullish target of 229.89 [8] - A drop below 226.50 could see prices fall to 226.07 and further to 225.62 [9] Microsoft Corp. (MSFT) - MSFT is around 522.50, with bullish targets at 525.25 and 528.46 if it holds above 522.50 [10] - A decline below 522.50 could lead to targets at 519.74 and 517.74 [10] NVIDIA Corporation (NVDA) - NVDA is near 181.50, with bullish targets at 182.75 and 185.17 if it holds above 181.50 [11] - A drop below 181.50 could lead to further declines towards 180.18 and 178.29 [12] Alphabet Inc Class A (GOOGL) - GOOGL is stabilizing around 200.50, with bullish targets at 201.64 and 203.37 [13] - A break below 200.50 could lead to declines towards 198.70 and 196.40 [13] Meta Platforms Inc (META) - META is consolidating around 766.50, with bullish targets at 773.60 and 777.49 [14] - A drop below 766.50 could see prices fall to 760.89 and 753.02 [14] Tesla Inc. (TSLA) - TSLA is trading close to 340.50, with bullish targets at 350.71 and 356.64 [15] - A decline below 340.50 could lead to further drops towards 333.79 and 322.38 [15]