Sunday Prep.

Now the question is (or what I am asking is... What is this coming week going to bring?!?!

When I look at the Technicals:
- Friday Closed at its Highs and Most stocks that i was watching continued to make new highs or at least held where they were at close.
- When I look at the Support Resistance Lines on the the Daily chart it looks as though it could easily have another Day or so of some gains before it will be hitting the resistance fully and then likely to pull back in exhaustion.
- The Monday Effect! ( Mondays are statistically more likely to be a Positive day due to our human Psychology.
- The RSI and MACD Indicators Show good momentum upward still without being too high to expect a sudden reprive.

I am thinking that Monday will almost certinly be Green although Im sure it will have a LOT of volatility like this last week had (Green -Red -Green etc.)
I Do not necessairly think that will pass on to Tuesday. That is a wait and see how Monday does and what happens world wide.


There Is more happening in the world that will affect our Markets Then just Fundamentals and TA, that we should Take into account...
***Wednesday November 2nd 2022***
The FOMC Meeting starts at 2pm were they will very likely raise the Federal Interest rates again this month another 75 basis point (0.75) for a total of 3.75% - 4%.

What people are really waiting for is to hear Fed Reserve Chair Jerome Powell Give his speech at 2:30pm Wednesday. One of the Reasons the market Rallied this week (IMO) is because some our hoping to hear that the FED is going to "PIVIOT" and lower their rate hikes from .75 down to .50 for the December Meeting.

Going from what i have seen during the past few FOMC Meetings is, Even if Jerome Powell states they are going to stay strong on Hikes, people will still take something he says as a sign of slowing down and react postively.

I do not believe that the Fed will be slowing down the Rate Hikes.... The Hikes have not even started to hit the economy fully yet and they Inflation reading for September (CPI) was hot... 8.2% instead of 8.1% (yoy) -when August was only 0.1 higher at 8.3%

Also Comsumer spending was still showing strength and that is what the fed is ultimely trying to slow down.
On top of the fact that equities going up is something the FED doesnt want to see right now either.

The Economic Calendar For the Week of October 31st 2022 - November 4th 2022
Courtesy of Market Watch

Another Thing that I think is important to be aware of is what is going on with China and why China Equities went down on Friday.

MarketWatch Article on the Chinese Economy Under the reaffirmed President Xi's Policies....
Rethinking China: Xi’s Power Play Could Bring Down Stocks Even More

Article about Xi above
This is something to pay attention to and could be used one way or another to make money But it will be very Volatile!


The US 10-year Treasury Hit a 14 Year high this week at about 4.2% Before it pulled back to Close at 4.016%
This is something to watch and Note that Normally treasury yields and equities have an inverese relationship. Both closed up today

Crypto Has had a very good week last week and I personally have used Crypto companies $Marathon Digital(MARA.US)$ $Riot Platforms(RIOT.US)$ $Coinbase(COIN.US)$
To utilize for Options Plays (mostly calls) Last Week

I would Expect Crypto to do well again in the coming week.
this is Crypto as of 10/30/2022 4:40pm



GOING FORWARD!!!!
So the End question we all have is:

* How is the market going to act Monday and Tuesday?
* How will the Market React to The FOMC Meeting?
* Is This Really the forcasted Bear Market Rally?

Truth is I Dont Know. I am doing my best to predict the future using the data infront of me (and that I can Find) and Using my experiance from the past.

I personally Bought a Bunch of Calls for Monday and into Tuesday.
Calls I set up Friday:

$Imperial Petroleum(IMPP.US)$ $Intel(INTC.US)$ $Marathon Digital(MARA.US)$ $Mullen Automotive(MULN.US)$ $Norwegian Cruise(NCLH.US)$ $NIO Inc(NIO.US)$ $Riot Platforms(RIOT.US)$ $Rivian Automotive(RIVN.US)$ $Stitch Fix(SFIX.US)$ $Snap Inc(SNAP.US)$


Small Cap Runners On Watch List For Monday:

$Provident Acquisition Corp(PAQC.US)$
$Agora(API.US)$
$Digital Brands Group(DBGI.US)$
$Heart Test Laboratories(HSCS.US)$
$Summit Hotel Properties Inc(INN.US)$
$TROOPS Inc(TROO.US)$
$Cyclerion Therapeutics(CYCN.US)$

I have not personally been trading small caps last week. But I will be this week.

*** I am not an expert. I do not know what will happen and I am only doing my best to read the market and data and give my best breakdown and inference on it. Please do not invest just from what I have said. I am still working on staying profitable.***

I wish all of you the BEST!!!

--BIZ--

@Alvinnnnnnn89 @AmyNic @bambinoPR @Biff @bullrider_21 @Dons hobby @easygoing Lyon @GWSCOGAL @Jesus is lord @Mafiosa818 @Moomoo Team @Meta Moo @moomoo Breakfast US @Mooney Navigator @Quincy Lowe @Qui Vivra Verra @Rivera @SpyderCall @70517269 @xALLSTATEx @28088075