October’s over and the market was down quite a bit before a sharp rebound just after 8 a.m. on Wednesday.
We have a lot of data on deck, which will be a minefield for day trading.
There are a bunch of big companies reporting earnings today before Apple’s big report on Thursday. Then we’ll have one more big week of mid-cap stocks before things slow down a bit for earnings.
We also have the close of the latest Federal Open Market Committee interest rate meeting, with Fed Chair Jerome Powell speaking at 2:30 p.m. ET. The Fed is unlikely to raise rates today, but we should learn more about the potential for future rate hikes.
If that wasn’t enough, we have three big reports coming right at 10 a.m. ET: ISM Manufacturing Index, Construction Spending and JOLTS.
We won’t know much about long-term directional bias until probably the end of the week, but we should expect volatility to pick up.
The bond market, meanwhile, started moving lower…
I’ll cover all that and more in Wednesday’s “Premarket Must Watch” video!
In today’s all new video briefing, I’ll cover what’s in store for the market over the next few days… how to navigate a boatload of earnings and the Fed… which sectors are starting to pop and which are lagging… the key levels you need to know… why I’m focused on the 8-day exponential moving average indicator right now… critical price moves you need to know about before today’s session… and an update on bonds and how they’ll impact stocks today!
P.S. Check Out My ProTrader Dashboard!
Everyone is super excited about the launch of my ProTrader Dashboard this week, and I can’t blame them because I’m just happy!
I’ve been trading with it since the summer with amazing results…
It’s part indicator, part scanner. And even though it looks like a lot of information to digest, it’s actually super simple…
Wait 30 minutes after the market opens so the dashboard can track a stock’s average true range. Then run a scan for the day’s top stocks, and look for green and red arrows to signal entries and exits!
It even gives first and second profit targets, so your days of trading blind are OVER.
Check out the link below to learn more about it…
