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^ON-TAP

Simplifying Wall Street

• Stopgap Bill & Market Structure

• Supporting Financial Literacy (Referral Program)

• Growth Investments

• Trading (Recap)

• New Products

^INSIGHTS

Stopgap Bill

The Stopgap bill will be available until November 17th, 2023, with $16 billion for disaster relief. It does not mention aid to Ukraine or border policy changes. Funding the bill, especially with disaster relief, can boost investor confidence and positively impact stock prices. The absence of provisions for Ukraine or border policy changes may not immediately affect the stock market but could impact political discussions and international relations, indirectly affecting certain industries or companies with international exposure.

Various factors influence the stock market, including economic data, corporate earnings, geopolitical events, and investor sentiment. This is why receiving government funding can be bullish in the short term, but the U.S. economic issues will remain in the long term. Government funding bills are just one piece of the puzzle, so investors should consider a holistic view of the market and economic conditions.

Does this bill avoid a shutdown forever?

If a new funding bill or budget is not passed by the expiration date of the stopgap bill, there is a risk of a government shutdown.

Market Structure

To trade the market intraday, you need to understand the market as a whole.

Daily Time Frame (/ES mini)

• /ES 4300 (Yellow line) has held support. Though this is an important level, if this slips, our broad view below tells us this (Yellow Box Area) is a level that has a very strong demand.

Broad View

Before this, three control points were supported. We dived over the last 6+ months to under 3780, and not this top area near 4500s has become resistant.

Things to consider entering the new month.

• October 1st is the start of a new financial quarter

• October is known for both positive and negative market reversals and significant events. Notable occurrences include the 1929 Great Depression and the 1987 Black Monday crashes. However, October has also seen market recoveries, such as in 2002 after the dot-com bubble burst. The month is known for its volatility, which can lead to sudden market swings.

• $TSLA earnings are October 20th, with the expectation of an earnings beat in terms of guidance and revenue

_{Remember: I will not tell you to buy and sell anything. This is an open journal or educational and informative analysis.} 

^{INVESTING FAVORITES}

INVESTING WISH LIST 📝 

$NFLX
Buying a range of $320 and 290.

$NIO
Recent news via Reuters, China’s Nio explores tech alliance with Mercedes. This could be huge for the $NIO company. This could be a great speculative/growth investment option. Though they lack revenue sales, this could be an excellent opportunity for China tech company lovers.

Other Tech Giants:
Generally speaking, these are all great names to add to your portfolio when $SPY offers more favorable prices.

• Apple Inc (AAPL)

• Microsoft Corp (MSFT)

• Amazon (AMZN)

• Morgan Stanley (M.S.)

• Tesla (TSLA)

  • If 180-210 is tested, $TSLA may be supported for a retest of 270-280. (Get entry Alert)

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_{Remember: Stay Diversified in your investing portfolio. From personal experience, it’s not advised to participate in individual stock picking until you have established a balanced retirement account. (401, Roth IRA, etc., that’s diverse in stocks, bonds, REITs, etc.) Simplify wall Street will NOT take on any responsibility for profits and losses. Read the disclaimer below.}

^{TRADE ALERT} 🚨 ^RECAP

TRADING CHAT RESULTS

Green = bought | Orange = Profit/Loss

Our golden play was $SPY and E.S.

Long 4331 and took profit at 4340

SWS keeps it simple, and we heavily focus on $SPY and E-mini futures. Here are more gains on the week!

Long 4285 took profit at 4312 | Total of 27 points at $50 per point, equaling $1,350 per contract.
_{Yes, there was a type on the 3rd line (it should say 4294, not 4394.}

Our $SPX calls went to 3.6. Therefore, we turned $85 into $360.

Others Past Mentioned In Elite Insiders or via Trading Chatroom

$NVDA, $NFLX, $AMD, $SPY, $MSFT, $TSLA

Become an Elite Insider or Join the Trade Alert Chatroom!

^{DATA RELEASE}

All About The Data!

Tuesday, October 2nd

• Job openings are reported at 10:00 am

• 8:15 am | ADP employment | Sept. data | Expected = 150,000 | Previous 177,000

• GDP (revision)

• Q2 Data (Expected = 2.3% | Previous 2.1%)

• Powell Remarks

THURSDAY, October 4th

• 8:30 am | Initial jobless claims | Sept. 30th data | Expected 209,000, Previous 204,000

• 8:30 am | U.S. trade deficit | Aug. data | Expected -$60.1B, Previous -$65.0B

FRIDAY, October 5th

• 8:30 am | U.S. employment report |Sept. data | Expected 170,000, Previous 187,000

• 8:30 am | U.S. unemployment rate | Sept. data | Expected 3.7%, Previous 3.8%

• 8:30 am | U.S. hourly wages | Sept. data | Expected 0.3%, Previous 0.2%

• 3:00 pm | Consumer credit | Aug. data | Expected $11.7B, Previous $10.4B

^{INTRADAY SESSION PLAN}

TRADING LEVELS

/ES

For lower levels like 4180-4200, levels like 4330 need to stay resistant. The first target would be 4280. Above 4330 can lead us to 4380, 4410s. If 4380 acts as intraday resistance, looking for bearish activity may be worth the risk until 4350 proves new support.