WATCH THIS BEFORE PCE REPORT TOMORROW...
In a Nutshell
PCE report (Fed's preferred inflation gauge, core expected at 3.1% vs. prior 3.0%) releases tomorrow pre-market, followed by GDP (exp. 1.4%) and JOLTS job openings (exp. 6.7M) during trading—key data amid Trump's tweet urging immediate Fed rate cuts. Markets dropped sharply today, losing $900B in cap, but sit near common support levels after weeks of sideways consolidation, priming for potential reversal if reports aren't too hot. Trade conservatively: avoid shorting oversold zones, focus on overbought/resistance for shorts and support for longs; join live session for reactions.
These notes were generated by AI and may contain inaccuracies.
Trump has impeccable timing with his tweet. PCE report, the Federal Reserve's favorite measure of inflation, releases tomorrow 1 hour before markets open. Also releasing: GDP report and JOLTS job openings 30 minutes after PCE. Markets will react to JOLTS during tomorrow's live trading session. Join via second link in video description.
Markets red today, bloody day, no place to hide. Expected due to common resistance and support levels. Trump tweeted: > "President Trump asked Jerome Powell to lower interest rates immediately to save the economy. He should be dropping interest rates immediately. Where is the Federal Reserve chairman Jerome Powell? Too late Powell today? He should be dropping rates immediately, not waiting for the next meeting, President Donald J. Trump."
Tweet came hours before PCE report. Core PCE expected at 3.1% vs previous 3.0% (0.1% higher than expected). Overall PCE no change at 2.9%. PCE index for January from 2.8% to 2.9%. Will reveal if inflation upticking or slowing.
GDP and JOLTS Expectations
Q4 GDP expected at 1.4%. JOLTS job openings expected at 6.7 million. These reports highly impactful on markets.
Trump says thriving economy, but big discrepancy: some doing very well, others not. Tomorrow's reports give better understanding, especially PCE and Q4 GDP.
Excited to see market reaction. If not too bad, primed for nice reversal. Approaching common support range. Can't predict future, but look at previous patterns. NASDAQ trading sideways past few weeks. Today lost $900 billion in market cap, but one or two days from regaining it.
Understand where to open shorts conservatively (overbought/oversold), where to long conservatively. Goal: make money by understanding overbought, overpriced, oversold levels based on recent trading ranges.
Not perfect; sometimes trades lower/higher. Be conservative, highlight common resistance ranges and common support ranges. Currently closer to support than resistance. Be very careful shorting at technically oversold levels. One or two green days away from regaining losses. Market consolidating past few weeks.
Scalping/trading lucrative if known; investing less entertaining in flat trading. Don't feel forced to trade. Ensure criteria met per risk tolerance and style. Makes bigger picture easy for beginners: when shorting makes sense vs long, based on ratios.
Tomorrow: important reports, realistic common support/resistance ranges. Join live trading session via second link in description to homepage. Watch trade live. End year on green note.
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