AMZN Got Crushed. What it means for the economy.
- Why earnings are taking back seat to The Fed.
- These sectors continue to lead!
- What to expect from The Fed's HUGE interest rate meeting!
- How to trade this market right now for maximum stability!
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My pivot number today on the ES (S&P 500 futures) is 3911. Resistance is up at 3945 and support at 3870. Today is Monday and I always caution everyone to sit back and reflect on Monday while watching the market, not trading. The month will finish up today and it will be a positive month. Crude oil will have a positive month also, even though it has corrected overnight. The next 10 days will be very important to stay in tune with the market and my daily TBUZ TV market update which you can get signed up for here. Click to get today's Pre-Market Planner Numbers here. ~ TBUZ | |
Resistance has become support at 3845 on the S&P 500 on this last day of October, a month for the record books in 2022. Money managers will be tidying the books before we start November which is historically positive during mid-term election years. | |
So GDP came out slightly positive on Thursday. But don't be fooled… or lulled into thinking we're out of the woods. Because the real news was Amazon earnings (AMZN) — and it got CRUSHED overnight Thursday into Friday. I've been crowing about this "canary in the coalmine" for months now. And it's finally come to pass. ► So with all this economic turmoil in mind, we're going short again. | |
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to help us retail traders with all your knowledge…" — Marco C., a premium subscriber to Don Yocham's The Daily Pick | |
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