It's here! Enjoy this week's FogCutter...

November 4, 2024 Dear , Welcome to the FogCutter, a weekly treasure wire from Traders Edge Network. Each Monday we come into port, drop anchor and ready the sails! The FogCutter aims to guide you through today's perplexing market action and noise. Check out our view from the Crow's Nest, the quick-glance "Treasure Hunting Climate" and other direct and relevant bulletins for this week.. Chart your course for the coming week with this edition of the FogCutter! Here’s what we got on deck for you today: 💣 Amazon Jumps 6% on Strong Q3 Earnings Beat 📈 💣 October Job Growth Hits Slowest Pace Since 2020 🐌 💣 Video: Adjustments on Market Pullbacks ($ABNB Example) Markets At A Glance🔎 As of November 4, 2024, 10:00 AM MST Treasure Hunting Climate 📈 Welcome back! This week the markets will have some major news to digest. On top of reacting to the election, we also have the FOMC Meeting where the Fed will announce any interest rate decision on Thursday. Interest rate futures are pricing in the expectation of a 25 basis point cut. Like usual, the focus will be on any sentiment change/shift in the future policy outlook. Also keep in mind that the month of November begins the "Best Six Months" of market performance. However, with the weakness we saw last week, and the S&P 500 dipping down to the 50-day moving average, we are turning down the Treasure Hunting Score just a bit here. With the volatility that is bound to hit this week, we want to take more of a defensive mindset to navigate these choppy waters. If we can make it through the week with most of the trends intact we can look to ride the next bullish wave. Especially if the market seems to like the election and Fed policy news. Buckle up! See you next week! View From The Crow's Nest 👀 Amazon Jumps 6% on Strong Q3 Earnings Beat 📈 Amazon stock jumped 6% after Q3 earnings beat estimates with $1.43 EPS on $158.9B revenue. The company forecasts Q4 revenue up to $188.5B and operating income up to $20B, slightly above projections. [See Full Article](=) October Job Growth Hits Slowest Pace Since 2020 🐌 Job creation in October slowed sharply, adding just 12,000 jobs—the smallest gain since December 2020—due to storms and a major labor impasse. Despite the weak growth, the unemployment rate held steady at 4.1%, with broader unemployment unchanged at 7.7%. [See Full Article]( Mumsy's Meme Of The Week 😂 WOW Insider Receive Preston's Live Trades and More! Gain exclusive benefits as a WOW Insider, including access to LIVE Friday morning webinars, 31+ training videos on Preston's option strategies, a member forum for Q&A, and updated trade journals. [Find Out More]( The Pirate's Ultimate Event Get The Replay! Access the replay from The 2-Day Pirate Retreat Event in Houston! Discover the 3D Money Press, how to make better adjustments on your trades, and more! [Register Now](=) Economic Calendar 🌎 Earnings Calendar 💰 Video of the Week 📹 In this video, we've got you covered on what to do when the market experiences a pullback, focusing specifically on our Airbnb Money Press position. Learn how to make smart adjustments to your Money Press position during these volatile times. [Watch Now]() I hope you enjoyed this edition of "The Fogcutter". You can expect this in your inbox every Monday moving forward. Have a great week! - Preston & Crew PS> If you're ever in town, make some time to swing by the Land Office to say Hello.. and we'll show you around! [Unsubscribe]( Traders Edge Network 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190