The S&P 500 tried to climb out of correction territory Monday as traders braced for a big week filled with a Federal Reserve rate decision, jobs report and Apple’s earnings report.
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The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
So let's quickly bring you up to speed on what's to come for this week. What's going on team? It's Ricky with tech solution Overall: NASDAQ Market is in the green, but it's not really showing much progress on its side, right? So overall, Tqq I'm up a little bit over 12K on this. We have a common resistance range here. so 12K on Tqqq and on Sqq, this is probably my most impressive trade.
and it was actually all caught in today's live trading session with the Lpp team and I made a little bit over 11,000 Obviously I made more off of Tqqq. But this big move from overall lows to overall highs and then the second move from 2 uh, 2215 to overall highs of 2245. Um, again, this is something that my Lpp team got to see. Live Today again.
I'd love to invite you if you've never watched me trade live. You get to see all of my entries, all of my exits. Most importantly, you get to hear my thought process. It's the second link in the description down below.
Uh, but NASDAQ Market A lot of consolidation right now, especially with what we're testing right now. If you look at this on on the 30- minute time frame, it's very easy to see that we're still descending. You can see this moving average still acting as a resistance. We're lacking progress.
On the upside, we had a nice little pushup, which for a moment took us out of Correction territory for the overall NASDAQ Market But we're right back. Um into it. Uh, the big Focus for this week are the series of economic reports and the series of Uh earning reports that are going to be released right? So when it comes down to um, the the first thing that I want to talk talk about is we have um, what's it called the Fomc Meeting on Wednesday at 2: P.m. eastern time So you can see here Fomc rate decision again.
This is something that I will be hosting a live stream for for free on this YouTube channel. So just another reason to subscribe and turn on your post notifications. This is where the Federal Reserve is going to decide. Are we going to raise interest rates or are we going to pause interest rates? Remember if the Federal Reserve raises interest rates, that makes it more expensive for people like you and I and businesses to also borrow money, right? Therefore, the market will normally sell off if they raise interest rates.
If they pause, the market shouldn't necessarily be affected as much. But we'll see right? According to Jerome pal, he stated that he sees at least one more interest rate hike by the end of the year. So if it's not this one, then maybe it's going to be in December right? Uh, but we shall see and again, that's going to be on November 1st which is this Wednesday at 2: P.m. eastern time The other thing that I quickly want to talk about is that we do have Apple earnings and job reports.
So Apple earnings are set to be after the market closes on Thursday We have seen that big Tech has been taking a beating even when they've been exceeding expectations for their earning reports. So we'll see if Apple ends up doing something different right because as you can see, even Apple has been selling off lower highs, lower lows. So on. Wednesday we have Fomc on Thursday We have one of the largest companies that's publicly traded known as Apple that's going to be releasing earnings after the market closes. So again, it's just something that you need to make sure that you are aware of. Uh, when it comes down to the overall job reports again, being able to look at your economic calendar. If you guys don't have one of these, it's first off, free to have just Google search Economic calendar. Finviz has one.
Investing.com has one. There's a bunch of different websites out there. Please please, please make sure that you, um, are aware of this, right? So we have the ADP employment change that's going to be on Wednesday But then we have payrolls uh, payroll report that's going to be on Friday and the unemployment rate that's going to be on Friday. So the the biggest days, right? I Mean there's economic reports literally every day Tuesday through Friday.
So today is bound to be I would say the slowest day and if it's anything like what we've seen before, then again because we have again, uh, what's it called Consumer Confidence Report we have, uh, the ADP employment change. We have Jolts which are job openings fomc rate decision I Mean we have a handful of earning reports that are going to be released this week, but don't worry again, I will be live streaming most of them for free on this YouTube channel. and if they're right when the Market opens, then I will be live streaming it exclusively for my Lbb team. So a handful of economic reports, a handful of earning reports we have AMD that's going to be reporting earnings on Tuesday And one of the things that I'd love to remind people is you know a lot of people.
Uh, want to ask: Am I going to be extremely bullish? Am I going to be extremely bearish I Don't mind taking trades right throughout the day as long as conditions are okay. But when these economic reports or when these earning reports are about to be released I Personally do not like to have a very large or open position I just don't see it to be necessarily the safest position to be in. but that's just me, right? I like to share with you my thoughts. Um, I Don't mind taking trades, but I want to make sure that direction is clear and if we're seeing a lot of consolidation a lot of choppiness then I don't normally like to have an open position or a very large position during those given periods because again, Direction becomes uncertain.
So, uh, very excited to follow up. I Hope that this video at least provided you, uh with some insight of what's to come this week. If you have any questions whatsoever, especially if you want to watch me trade live as soon as tomorrow, make sure you message me either via Discord which is the first link in the description down below or shoot me a D um or or just join Lpp right? which is the second link in the description down below. So I really do appreciate guys' time I Hope that it earned a thumbs up! Don't forget to subscribe to the YouTube channel and also to follow me on Instagram which is a third link in the description down below. Appreciate your time like always. Let's make sure that we end the year on a green note. Take Care Team.
Thanks for the great info 👍👍👍👍
thanks Ricky!
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the plunge protection team is behind this rally. the old pump and dump rug pull.
If you don't understand what a price action is! Don't even trade!
you are an inspiration for my videos, thank you very much ricky!
MAKE SURE YOU SELL EVERYTHING 😅
dollar strong or what???
On CNBC, i read about someone who is making $20k a month just from trading in the market, using money he saved up in the past. That is amazing. Who does that and how?
PUTS are printing…at least for me, today!!!
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Thanks Ricky