Is This a Short Signal? | ShadowTrader Weekend Edition 11.02.24

-I'm flat ahead of what is shaping up to be a pivotal week in the markets with the Presidential Election and an FOMC announcement two days later.

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[chilatelover]

highlight of the week. As soon as I am done with other training course, I am re-signing up with Peter and the Shadow Traders. Great content. Great leadership.

[findyourimpossible]

So true, at 4:40. Thank you for taking time to share this information.

[akashblue]

I can't miss any of these recaps!

[blackdiamondoffthegrid]

As always, Thank You Peter! Have a wonderful weekend.

[tjadd]

Once again, very useful news. It's interesting to note that the last green bar on the NDX, is almost right on the 50 EMA on daily chart...😊

[joep]

coolest trader out here man, thanks for keeping us posted and always in the loop! cant wait to be like ninjatrader when i grow up lol

[ferdimemelli]

There were 2 main big things going on this week: 1 - Bond vigilantes are out in force, especially this Friday. 2- the AI trade is on the verge of being unwound. These are monumental, trend-setting developments.

[steve]

Unemployment rate went up from 4.05 to 4.14. Both round to 4.1

[vbmbs]

Most of these Job numbers are Inflated by being directly associated with Government/Fiscal Spending, this is a Sugar High. Many retirees are re-entering the work force at least on a Part Time Basis. Also notice that the downward revisions of the Job number over the past year is about -800K.

[mobiledetailyou]

The only thing I noticed on NDX was it also did not retrace all the way up to Thursday high… while S&P did…

[mikes.]

Lots of non-private government worker hiring prior to the election.

[cachi-]

Peter, why don’t you do Market Profile videos?

[citylife]

Great video, but Peter seems to avoid using the word "crossover" at all costs!

[MrsTlewing]

My concern is that the 10 year treasury rate staying higher - will make refinancing commercial loans and mortgage loans stay higher - thus not the great benefit to future earnings

[mason]

All sectors actually did go down on Thursday

[floydsgarage]

Thanks Peter. If there is a gridlock and government keeps spending, bonds could crash. The fed lowered and yields are ripping

[nan]

Reason could be that the market knows that the data is all incomplete.

[ChrisPy]

Very good input. I am SUPER neutral....

[ervjun]

it is called a Bullish Harami pattern which shows a potential reversal trend pattern...it does not mean continuation of the actual trend...It needs another confirmation candle to be sure that the reversal will occur...if there is no confirmation signal the next session then we might say that it will go down...if you do not know how to read the candlestick charts how on earth you go and have a channel on youtube....go and learn the candlesticks and then give your opinion to the general public..do not confuse the people who think you are a professional...

[ThePokersurfer]

Don't dilly dally weekly buying dips NOW