Hi all,

The markets struggled to make more gains this last week as we got mixed quarterly earnings results from the big tech companies. AMZN and GOOGL put up some good numbers while the others missed or provided poor guidance.

The job numbers were dramatically lower at 12,000 payrolls, but there was a lot of debate regarding whether the drop was caused by the hurricanes and the Boeing strike or a significant weakening in the job market. The unemployment rate held steady at 4.1%, which was encouraging.

It's time to step to the sidelines for next week’s election event. Let’s see what happens and then trade the outcome. The Fed is also expected to cut another quarter point on Thursday, but we know the real volatility can occur after Powell starts to speak.

Get ready for some fireworks this week.

Cheers.

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Sectors in Play Last Week

• Communication Services and Consumer Cyclicals were gaining sectors this week.
• Technology and Real Estate were the biggest losing sectors for the week.

Key Levels for this Week

• DOW (42,052) – support 41,800 and resistance 43,300
• QQQ (487) – support 485 and resistance 503
• SPY (571) – support 562 and resistance 585
• IWM (219) – support 215 and resistance 225

What to Watch for this Week

• Monday – 10:00 Factory Orders
• Tuesday – 10:00 ISM Services
• Wednesday – 9:45 S&P services PMI
• Thursday – 8:30 Jobless claims; 10:00 Wholesale Inventories; 2:00 Fed rate Decision; 2:30 Fed Powell Press Conference
• Friday – 10:00 Consumer Sentiment

Earnings this week

• Monday – PLTR, NXPI, WYNN post
• Tues – SMCI, DVN, LUMN post
• Wed – CVS pre and ARM, QCOM, AMC post
• Thurs – MRNA pre and DKNG, SQ post
• Friday – nada

Positions and Trades Last Week

• ABCL – from watchlist – now long on break out – still looking for +$3
• CMG – Reported last week – as planned I sold before release.
• CRWD – Long under just $300 and got a nice breakout. Holding rest for a move higher.
• TD – long now and selling upside calls to collect premium while it likely chops sideways for a while.
• UVXY – back in early in the week for a nice move up on the earnings, still have a bit left.

Tracking for Potential Trades

UVXY – could be interesting for a long next week again.

Note: These are investments I am in or watching however, they may not be suitable for all investors. The author of this email is NOT an investment advisory service, a registered investment advisor, or a broker-dealer and I do NOT undertake to advise clients or recipients of this email on which securities they should buy or sell for themselves. This email is provided for information purposes only and traders should always consult with their licensed financial and tax advisors to determine the suitability of any investment.