Good morning everyone - hope you all had a great weekend and got some time to unplug before we dive back into another busy week in the markets. There’s plenty on deck over the next few days, and while majority of it already feels “priced in” we could be in store for some surprised fireworks (unlikely however).
The big story right now is the fact that everyone is anticipating a 25 bps cut by Powell & friends after recent CPI/PPI numbers paired with the jobs data we saw a week previous. Betting markets are pricing the possibility of multiple cuts before year end while a cut this week is nearly a given. If for whatever reason (unlikely) they were to not cut, this would be the surprise…
Over the weekend, we also got some incremental updates on trade. The US and China reportedly agreed on commercial terms for TikTok’s US operations, which at least removes one uncertainty from the tape, and US / India trade talks are back on the calendar. Meanwhile, we’re still staring down housing affordability issues and an uptick in jobless claims, which could weigh on consumer confidence if this trend continues.
Plenty of trades / ideas to be had in an environment such as this, and the flow can help direct us towards some of these charts that we may have missed. Before we get into all of that, let’s take a look at where we’re sitting at on the indices.
📊 SPY, QQQ, IWM - “Market Pulse”
SPY Daily
QQQ Daily
IWM Daily
Not really going to touch on these charts too much as we’re really awaiting confirmation from Powell on the direction of the next few weeks. Tech seems to be the leader. Remain course…
Closed Trades from previous alerts in the subscriber chat:
OKLO 10/17 85c +345%
OKLO 12/19 90c +135% (runners)
UNH 10/24 350c +65%
TSLA 9/12 355c +1000% (last weeks “lotto”)
TSM 10/17 260c +55% (trimmed at 100%)
IREN 10/17 30c +210%
Each trade is called out in the subscriber chat during market hours along with live flow & discussions. Feel free to come hangout! Friday’s are free for everyone, with Mon-Thurs for paid only.
Let’s jump into the meat on the bone per say with today’s flow grab, idea generation, and lottery segments for paid subscribers.