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Market Reaction to Economic Data The market is showing unusual behavior by appearing to cheer worse jobs data, as deteriorating employment numbers increase the likelihood of Federal Reserve rate cuts. Initial jobless claims data is being closely monitored, along with Friday’s Personal Consumption Expenditures (PCE) report…

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PCE Data Release and Inflation Expectations The Personal Consumption Expenditures (PCE) data was scheduled for release at 10:00 AM, representing one of the three critical data points the Federal Reserve examines before policy decisions. This inflation gauge carries significant weight ahead of the upcoming FOMC announcement,…

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Introduction

If you’ve ever felt overwhelmed trying to figure out when to actually pull the trigger on a trade after doing all your homework, this session is for you. Trading coach breaks down his entire process—from scanning thousands of stocks down to a manageable watchlist, to recognizing the actual entry setups that matter.

He walks through…

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Market Performance and Sector Rotation Analysis Markets showed mixed results with the S&P 500 gaining 25 basis points and the Nasdaq up 60 basis points, while the Russell turned negative by day’s end. The Dow climbed 39 basis points. This lackluster performance reflects a slow drift higher driven primarily by declining interest…

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Day trading position sizing during the volatile first 30 minutes of market open The first thirty minutes of trading represents the most volatile period of the day, requiring traders to adjust their position sizing accordingly. New traders must approach this window conservatively due to limited experience handling rapid…

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CME System Outage The CME experienced a significant system outage Friday morning, with the exchange blaming technical issues. Futures market data remained unavailable while equity and ETF data continued to flow normally. The disruption occurred during a period when the SPY was pulling back slightly from earlier gains.

SPY…

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Economic Data Releases

Multiple significant economic reports were scheduled for release, including durable goods orders, initial jobless claims, Chicago PMI, new home sales, and crude oil inventories. The new home sales data carried particular weight as housing inventory continues to tighten, making it increasingly difficult for…

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Market Conditions and Choppiness The past 4-8 weeks have presented traders with significantly more challenging conditions compared to the previous three years of relatively straightforward upward momentum. Price action has been non-directional and sloppy, with the QQQ displaying erratic movement that lacks the clean momentum…

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Market Schedule for Holiday Week The markets will be closed on Thursday for Thanksgiving and will close early on Friday at 1 PM Eastern for Black Friday. Trading activity on Friday morning, particularly the first 90 minutes, typically offers decent opportunities for day traders as volume remains adequate before drying up in…

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Market Analysis and Current Positioning The S&P 500 currently sits at the 50-day moving average following a period of volatility in November. After experiencing a pullback and subsequent rebound, the market faces a critical juncture where it could either roll over or rally heading into year-end. Today’s price action showed…

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