[LISTEN🎙] Preparing For A BOUNCE In The Stock Market; 💎RARE BUY SIGNAL

💎RARE BUY SIGNAL ON THE S&P 500 IS FLASHING

Hey traders and VIP Members (Students & Exclusive Traders)

We're excited to present a highly productive report this weekend, where we've managed to stack several significant probabilities in our favor for a potential trade.

After the last two weeks were lower probability trading with big economic data events (PPI,CPI,FOMC), we're excited to showcase a high-conviction trade opportunity in this report.

🎙Make sure to tune in to the Audio version of today’s report for a better experience!

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🔊13 Minute Audio included

I'd like to kick off this week's report by sharing a significant development: the 10-year Treasury yield reached a level this week that hasn't been seen since 2007, marking a 16-year high. Having been on Wall Street for quite some time, I've witnessed even veteran traders with two decades of experience face large setbacks in volatile trading environments. It's a reality we all need to acknowledge. It could happen to anyone, including you, if you don't approach trading with humility and a strong respect for risk.

This week, something changed for me. For the first time during this entire upward trajectory, I felt a sense of unease about the economy. Why? Because it hit me hard of the realization that the Federal Reserve is in a tough spot, and the possibility of a soft landing seems increasingly unlikely.

Despite the Fed's efforts to raise rates to levels not seen in well over a decade, inflation has continued to rise over the past two months. Jobless claims have hit their lowest point since January, and oil prices are surging, reaching their highest levels since 2022.

From a consumer spending perspective, the economy appears strong, with companies like Amazon announcing the availability of hundreds of thousands of seasonal jobs in anticipation of increased holiday demand.

But can the Fed effectively counter the anticipated holiday consumer demand? As you're aware, the law of supply and demand dictates that when demand rises, so do prices. While the Fed aims to curb inflation, the presence of seasonal job openings, rising energy costs, and the lowest jobless claims since January make it challenging to foresee their success. It might require a more aggressive and prolonged rate hike strategy, in my opinion.

I could be mistaken, and I genuinely hope I am.

That being said, it's important to note that the current trading conditions presents short-term trading opportunities. However, the risk-to-reward ratio for longer-term positions doesn't seem as appealing at the moment and that is why we want to think short term in our trading approach.

Now, let's dive into our market breadth section to gain an impartial understanding of where we stand as we head into the week.