Briefing Document

// Overview of Market Conditions:

Economic Data Release:

· GDP came in better than forecast, likely to drive volatility.

· Initial jobless claims are lower than expected, a bullish indicator.

· Manufacturing data shows a significant drop, adding complexity to market interpretation.

Federal Reserve…

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My power went out during the meeting. Here’s the recap after we started again.

Fed Announcement (FOMC):

Expectation: 25 basis point interest rate cut at 2 PM EST.

Insights for new day traders: Avoid trading during the volatile announcement and press conference (2:00 – 2:30 PM). Trends typically emerge after 2:30 PM.

Swing traders: Monitor…

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Klaviyo (KVYO)

Klaviyo has been a standout recently, showcasing explosive price action with significant momentum and strong volume. The stock surged an additional 5% yesterday, continuing its impressive run. Its consistent “energy candles” with minimal pullbacks signal that it’s in play for both day and swing trades, making it a prime candidate…

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/ Stocks Discussed:

Lattice Semiconductor (LSCC) is positioned as a strong bullish setup within the semiconductor sector, showing relative strength compared to weaker peers like NVIDIA and AMD. The stock sits at a breakout level, supported by a bullish engulfing candlestick and increased volume, indicating potential for continued upside.…

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Federal Reserve Meeting:

The Federal Reserve meeting is a key focus, with expectations for a 25 basis point rate cut. Market participants are closely monitoring Chairman Powell’s commentary for insights into future rate cuts. Economic indicators, such as the Producer Price Index (PPI) and Consumer Price Index (CPI), have shown mixed results,…

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Briefing Document1. Saturation Play

The Saturation Play is an advanced, strategy targeting stocks in play with bullish order flow but recent bearish momentum. Traders identify stocks with two or more days of selling that close near their lows, entering positions at 80% of the Average True Range (ATR) to capture anticipated reversals. This…

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Trade Management Q&A

Belinda raised a question about conflicting profit targets when entering on small inside candles. Pete explained that when the inside candle is unusually small, it can cause the standard initial profit target to fall below the add-share price. In such cases, traders should use 3x ATR (Average True Range) instead of the…

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Game Plan Briefing Doc:

Hedge Fund Performance: Average returns of ~10% this year, driven primarily by AI-related stocks, which have recently cooled off.

Nasdaq and NVIDIA: Fluctuating sideways after lofty expectations earlier in the year.

Sector-Specific Analysis: Dow is underperforming due to healthcare sector struggles. The Nasdaq and S&P…

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Summary of Stocks Discussed

1. Urban Outfitters (URBN)
   A bullish gap post-earnings led to a strong move, now consolidating with a tight pause. While it held the earnings gap, recent volume and follow-through have been underwhelming, prompting a raised stop loss to protect gains. If the breakout fails, capital will be reallocated to other…

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Stocks Discussed:

BX This stock has been held for nearly a month. It is not massively profitable, breaking even at the moment. The speaker is looking for it to “punch up.”

URBN This stock is considered a swing trade opportunity due to its textbook perfect setup. The setup includes a large gap up, holding the earnings gap open price, a…

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