🔴 FED UPDATE | THEY JUST ANNOUNCED THIS! | Summary and Q&A

TL;DR

Get an update on the stock market and a preview of the upcoming Federal Reserve meeting.

Key Insights

• ❓ The Federal Reserve meeting on Wednesday could impact the stock market.
• 🤭 The economic calendar for the week seems relatively quiet.
• 🤘 Progress is being observed in the stock market, with signs of potential support and a potential bottom.
• 🤘 American Airlines stock is showing signs of support after a recent sell-off.
• 🧘 Swing trading American Airlines comes with additional risk due to the overall market direction, so position sizing is crucial.
• 🫒 Excitement for live trading sessions and the opportunity to trade on Monday mornings is shared.
• 👊 The "Learn Plan Profit 2.0" program offers access to video lessons, live trading sessions, and a private group chat.

Transcript

happy fourth of july what's going on team it's ricky with tackle solutions here with a super quick stock market update of what you need to know for this upcoming week especially with the federal reserve meeting on wednesday so let's go ahead and just jump right into this i'm going to start sharing my screen so you guys can see exactly what it is th... Read More

Questions & Answers

Q: How did the Nasdaq futures open on Sunday, and what does it mean for TQQQ?

The Nasdaq futures opened down about half a percent, indicating a possible red start to the week. This would correlate to a 1.5 percent decrease for TQQQ.

Q: What is happening on Wednesday, July 6th?

On Wednesday, there will be an FOMC minutes meeting where Jerome Powell will speak. The meeting's outcome and Powell's statements can influence the market.

Q: Is there anything significant in the economic calendar for the week?

Besides niche reports like oil-based inventory reports, there doesn't seem to be anything major on the economic calendar. However, keep an eye out for any unexpected developments.

Q: What progress is being observed in the stock market?

Despite getting rejected from the EMA line, there are signs of progress as the market did not make lower lows this time. This could indicate a potential support level and the early signs of a reversal.

Summary & Key Takeaways

• The Nasdaq futures opened in the red, suggesting a potential downward start to the week.

• The Federal Reserve will be holding an FOMC minutes meeting on Wednesday, July 6th, and the speaker's remarks could have an impact on the market.

• The overall economic calendar for the week seems relatively quiet, with the exception of niche reports like oil-based inventory reports.