š“ Stocks Volatility Alert! šŗšø
Good morning!
Weāre kicking off a new week, and thereās plenty to keep an eye on!
With election week in the U.S., markets might just have a few surprises in store.
As we watch prices shift and patterns form, a few key reminders are worth keeping top of mindš
- Donāt jump in too early, but be ready to move when it counts.
- Take those profitsāno oneās going to remind you twice!
- Not every setup is yours to chase. Be patient; let the right one come to you.
- Sometimes, seeing less is actually seeing more.
Letās tackle this week with focus and intentionāstay sharp and ready for whatās next!
š¼ Currency Market Muted As US Jobs Report, Election Loom
Global currencies tread water as investors await pivotal US jobs data and presidential election outcomes, fueling uncertainty.
š³ļø Meta, Microsoft and Dollar Dive After US Economic Data
US stocks and dollar tumble as robust jobs data and inflation concerns spark rate hike fears, punishing tech giants Meta and Microsoft.
šØ AI Giant Super Micro in Trouble!
Super Micro's staggering 50% stock collapse exposes risks of overhyped AI promises. Can it replay its March epic run and rebound?
š¦š„ļø Amazon Stock Rises By 5% as Q3 Earnings Impresses
It's a good day for Amazon as its Q3 profits skyrocket, crushing estimates and sending shares soaring.
āļø More Fed Rates Cut Incoming!
The Federal Reserve is set to cut interest rates next week and in December, signaling economic relief ahead!
š Japan Loses More as Wall Street Sees Decline
Big tech stocks have dragged Wall Street lower. Asian markets are mixed, with Japan's Nikkei falling 2.6% while Chinese markets see modest gains.
š Did We Get a Successful Uptober Crypto Rally?
Did Bitcoin live up to its "Uptober" hype this year? Let's dive into the details to find out.
This week, weāre holding off on stock alerts due to the election ā the marketās set to be highly volatile.
I know itās disappointing, but itās all about timing for the best wins.
Weāll be back next week with fresh picks once things settle post-election.
Get ready; next weekās alerts will be worth the wait!
Evening Star
An evening star is a bearish reversal candlestick pattern that signals a potential downtrend after an uptrend.
It consists of three candles: a bullish candle, a small gap, a bearish candle, and a closing gap.
What to Look For:
- Three Candles: An evening star pattern consists of three candles.
- Bullish Candle: The first candle is a bullish candle, indicating an uptrend.
- Small Gap: There's a small gap between the bullish candle and the next candle.
- Bearish Candle: The second candle is a bearish candle that engulfs the bullish candle.
- Closing Gap: The third candle closes within the body of the bullish candle, filling the gap.
Todayās trading legend spotlight is Munehisa Hommaāthe 18th-century rice trader known as the āGod of the Markets.ā
Homma didnāt just trade rice; he pioneered the candlestick chart, using it to understand market psychology and, ultimately, dominate the markets.
Homma tracked rice prices daily, noticing patterns in price movement that revealed tradersā emotions.
He leveraged this insight to find contrarian high-probability trades, understanding that often the most certain trades can be deceiving.
Hommaās Takeaways for Us:
- Follow the Trend: Homma saw trends as windows into market psychology. Trying to predict tops and bottoms can mislead; instead, let trends be your guide.
- Price is Everything: Skip the clutterāprice action reflects true market behavior, much like a mirror reflecting reality.
Hommaās legacy remains!
Price action trading continues to offer clarity, efficiency, and proven methods centuries after his time.
Remember, the best indicators are already right in front of you.
If youāre reading this, count yourself luckyāseriously.
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Yes, trading demands effort. But this time, weāre outsmarting the market.
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