Dow adds to 2023 gains Friday as traders bet Fed will cut rates next year: Live Updates
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The Federal Reserve conducts the nationโs 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.
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So if you're wondering why the market is extremely choppy right now, Drone Pow is actually live, feel free to check this out. He's actually speaking uh, in a discussion right now at a college um and this live stream is set to last about an hour to an hour and a half from when it started which is about 33 minutes ago it started at 11:00 A.m. eastern time. We made you aware of this yesterday as I like to try to keep you guys up to date on either economic reports or events where Fed officials begin to speak and it could change the tone of Market sentiment.
So again, 11:00 A.m. he has a discussion. It's going to last for about an hour to an hour and a half. Overall Market's pretty choppy I did such again I I like never sell at a good price point I always either sell too early um, and that's really like the main thing.
but man, today during today's live trading session with the Lpp team, uh, I sold so close to the overall highs of 1638 I just wanted to play it safe I left myself with my one lucky share and I walked away with $3,600 on the day. From overall lows to overall highs, that has to be now, like one of my most ideal exits. Uh, now that it pulled back enough and now that the market is showing signs of a slight resistance at these overbought levels, I'm going to wait for a proper confirmation. but this is the beautiful thing about selling uh and and being cash is that once it does pull on back now, I'm given a second opportunity to be able to buy the dip and then make money if it actually recovers.
And that's so, so amazing. When it comes down to, you know, the economic reports that were released today, They came in as expected. Uh, we had the S&P PMI Uh, coming in as expected, the same as prior. Uh, We have the Ism manufactured index coming in at 46.7 which was a little bit lower than what was expected, but nothing significant and construction spending coming in at 6 versus the expectation of 3% Overall, Market's not doing anything crazy.
If you look at the overall market right now on the 4H hour time frame for QQQ, you can see that we're We're still trying to see the Market's still trying to identify I mean there's no reason to try to predict, right? If the market is going to continue to Rally or break below the EMA line on this 4-Hour time frame and actually begin to sell off, we are still uncertain. No one knows, no one knows what's going to happen, and this is where it pays to be patient Because if you enter a hopeful position today that you might end up regretting next week, you're not giving yourself the chance to succeed, right? So I Really hope that you look out for your future s and you don't enter enter a position too early thinking something has to happen when it actually doesn't I Don't care if you're short I don't care if you're long right? When it comes down to these overall positions, there's a reason we're locking in profit profits and playing it safe today. Uh, and it's because Market direction is still very unclear. There's huge upset potential. There's no reason to try to rush into an early short position on the overall NASDAQ market. so let's not get it twisted. I Am very excited to update you guys on my General Motor short position and to see if I can walk away with another $20,000 day. But I'll just keep you guys posted if you're part of my Lpp team in the trade idea section.
Other than that, looks like NASDAQ is beginning to form a reversal, so it might be time to enter a quick little day trade on Sqq. But I'll keep you up to date in the trade ideas within Lpp. Other than that, I do want to make you guys aware that there are only two days left. Our BMW M4 giveaway ends on December 3rd which means that you have two days left to enter.
Right now, we're doing 20x entries. which means every dollar you spend equals 20 automatic entries for anything you purchase on the site. We even have new apparel that's very popular right now. the Fu or go f yourself Elon Musk Vintage te you can get see 1,000 entries a Wall Street Tank Top 700 entries Insider Trader of the Year 800 entries or buy the F and dip that's 800 entries, these are all available at Shop Techb buts.
Comom. And yes, our previous GTR giveaway winner bought a license plate frame for 15 bucks on the final week of our GTR giveaway and walked away with $50,000 cash. So if you don't enter this giveaway, this BMW M4 or 50k cash is going to someone else and every order place today gets you 20x entes for both vehicles the M4 and the Tesla Model 3. So what are you waiting for? Click the fourth Link in the description down below or head on over to Shop Tech.com and enter before it's too late.
Also, if you want to be able to watch me trade live as soon as Monday I trade live every single morning exclusively with our Lpp team and that is the second link in the description down below I Hope and wish you guys an amazing Friday and weekend. Please be safe. But please most importantly, do Not enter a position you're going to end up regretting on. Monday Stay Cash, Stay light And like always, let's make sure that we end the year on our Green Out Take Care team.
I began my investment journey at the age of 38, primary through hard work and dedication. now at the age of 42,Iโm thrilled to share that my passive income exceeded $100k in a single month for the first time.this success reinforces the importance of the advices mentioned earlier. It is not about achieving quick wealth but rather ensuring long term financial prosperity.
I can't wait to see where your talent takes you next. Exciting times ahead!
cheerleader ricky๐
How do we keep up with the news? What's the best site to see for trading?
Sorry but oops I did it a again. Ended greener than the grinch on Christmas day while beating Santa with a Christmas Tree for climbing down the wrong chimney.
Sqqq looks like a good swing trade.
LMAO today we have pretty decent moves
I definitely traded and happy to do so. Currently averaging 2.5% gains on the day. Baby steps lol
Yep The Market is Just Side Ways Today Made 3500 on Sqqq Yesterday this morning 800 and Jumped out
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There no crush coming
i wasted my time buying IWM at the open. ain't no chop there. bam!
Hows the market short going there today Rick? ๐
$AMC and $GME ready to pump ๐๐๐
Thanks for update and great advice again Ricky!
Russell 2000 rally in December and q1.
This Is the IWM bullish month and may extend to 1st quarter 2024.
Walmart stock whatโs going on
Market should be go but i dunno why itโs holding maybe go Monday
Can trade today just pick the right tickers ๐๐
Donโt waste your time watching Ricky
Thanks