Enter Now!
Elon Musk just unveiled a humanoid robotš¤āexciting stuff, right? But wait, not everything is shiny.
Tesla's robotaxi event flopped, dragging shares down 7%. What does that mean for the week ahead?
Speaking of markets, the dollar is facing serious challenges, and Chinaās weekend briefing has investors split.
Plus, gold's making a bullish run, and Bitcoin whales playing dump and pick.
In this week's Mind Over Market, Iām sharing a lesson about patience in tradingāyou donāt want to miss this one! š£
Stay tunedābig moves ahead!
š Dollar's Dominance Challenged Fed Rate Cut Bets Rise
After hitting a two-month high, the dollar is now retreating as investors reassess the Fed's rate cut expectations. There is now an ongoing debate among Fed officials about the need for further rate cuts.
šš» FTSE 100: Sainsburyās and BP under pressure
Sainsbury's is under pressure due to a stake sale, and BP is facing challenges in its refining margins. On the other hand, there are positive developments in the housing, recruitment and insurance sectors. Can these markets face these headwinds?
š¦šØš½āš¼ Markets and Investors Divided Amidst China's Weekend Briefing
The markets are diverging, with some stocks rising and others falling. It's a complex environment with multiple factors at play. This article lays out our expectations.
āļøš Gold's Bull Run Continues as Investors Bet on Rate Cut
Friday was a good day for gold investors as the ongoing tensions in the Middle East and strong central bank demand are also supporting the Gold rally. It's a positive sign for gold, and it could continue to rise if the economic outlook remains favorable.
š Bitcoin Whales Dump 8,510 $BTC in Panic Selling
A group of whales who recently withdrew a significant amount of Bitcoin from Bitfinex are now facing massive losses. They dumped 1,500 BTC at a significantly lower price than their average purchase price, resulting in a loss of over $30 million.
š“š» Stellantis Shares Slip on CEO Retirement Announcement
Will the company be able to maintain its momentum and navigate the challenges of the automotive industry? Only time will tell, but for now, investors are playing it safe and staying on the sidelines.
š š« Crypto market grew by 8% in September
Crypto surged in Q3, outperforming traditional assets. The Fed's rate cut and China's stimulus boosted investor confidence. DeFi thrived, while NFTs struggled. With US elections nearing, crypto could see a post-election surge.
Money Flow Index (MFI)
The MFI combines price and volume data to measure the strength of money flowing into or out of a stock. It's calculated over a specific period, usually 14 days.
- Positive Money Flow: When the price closes higher than the previous day, it contributes to positive money flow.
- Negative Money Flow: When the price closes lower than the previous day, it contributes to negative money flow.
The MFI then uses these values to create a ratio, which is plotted on a scale of 0 to 100.
What to Look For:
- Overbought/Oversold Levels: Readings above 80 generally suggest a market is overbought, meaning there's been a lot of buying pressure and a pullback could be on the horizon. Readings below 20 usually indicate an oversold market, suggesting a potential bounce is possible due to increased buying interest.
- Divergence: If the MFI diverges from the price (e.g., the price is making higher highs while the MFI is making lower highs), it could signal a weakening trend.
- Crossovers: When the MFI crosses above 80 or below 20, it can signal a potential reversal in the trend.
Are You Fishing for Profits The Right Way?
Imagine holding on to limit order for 7 days, only to watch it slip away and hit your stop loss! Crazy right?
Yeahā¦ been there and it can surely be painful.
But hereās the truth: trading isnāt a sprint, itās a like fishing trip.
You donāt throw your line in expecting a giant fish to jump in your boat immediatelyāthatās amateur hour.
Real traders know the game: it takes patience, strategy, and knowing when to wait it out. šÆ
Rushing in?
Thatās how lines snap and big opportunities swim right by.
But those with the patience of a true "fishing master"?
They know how to sit back, sip their metaphorical coffee, and let the perfect catch come to them.
Trust me, the real pros arenāt the ones constantly throwing out linesāthey're the ones chilling, waiting for that one trade that makes all the waiting worth it.
So, as we dive into the week ahead, donāt be the trader thrashing around in the water, scaring all the fish.
Be the one who waitsābecause that big one?
ITāS COMING!
And when it does, itāll be a trophy worth hanging on your wall.
Hey traders, let's get real.
The markets can be a jungle, and uncertainty is the beast that's always on the prowl.
It's a never-ending maze of conflicting signals and unexpected events.
Even the most seasoned traders can feel like they're constantly playing catch-up, trying to make sense of the chaos and salvage their trades.
But what if I told you there's a way to tame the beast and navigate the maze with confidence?
Introducing the 10 Percent A Day course - a system that arms you with the tools, strategies, and mindset to thrive in any market environment.
Plus, you'll be joining a tribe of traders just like you, all working towards the same goal: stress-free, consistent profits.
Ready to take control of your trading success?
Head over to 10percentaday.com now and discover the secrets to making winning trades.
Your future self (and your wallet) will thank you!
š Join The Winning Tribe!