What up my fellow degenerate? Traders I Hope you had a phenomenal weekend and I hope you're ready for what's potentially a very exciting, volatile week ahead. And that's exactly what I want to talk about in this video because there's a lot going down this week. so I want to call it all out so it's on your radar because I think there's a pretty solid chance that we see some large moves, so hopefully we're on the right side of it. On top of that I Want to do a little bit of some chart breakdown just some interesting developments I found little bit of zero DTE options talk and I also want to get into the most recent round of politician slinging big money in the stock market.

So obviously if you like this type of daily update stuff, hit the Subscribe button. Don't forget to smash the like button. With that being said, let's rock. By the time the bell went dingy ding ding ding to close out the trading day for today Monday September 18th we did a pretty solid job of going nowhere.

taking a look at the S&P 5 00 it was up .6% the cues were down 0.04% It was pretty much a no nothing day. So congratulations if you sold premium or if you did some solid scalping I applaud you! But I do want to let you know that today most likely will be the most boring day of the week and I'll explain what I mean by that in just one second. But first, let's take a quick peek of what's going on in the world of financial media because hey, might have an influence on the market. S&P 500 closes.

Little change Monday as Traders await Fed policy meeting Yes, I'll be going into this, but what you need to know is set an alert on your phone for this Wednesday 2: P.m. that's when we get the results and then at 2:30 that's when the Chairman of the FED Jerome Powell will be speaking. So obviously that's going to be a big event in the market get prepped for Wednesday Positive news heading into this day: Bitcoin breaks above 27,000 for the first time in September Check this out! Here's the weekly look of Bitcoin I'm seeing some higher highs I'm seeing some higher lows a potential double bottom right here at 25 5K and it's bouncing off of that I would love for my own Bitcoin investment to slowly but surely Trend to the upside. So I know Crypto's been a bit quiet lately, but hopefully hopefully hopefully, hopefully fingers crossed.

This is the moment where there's a little bit of bullish momentum to the upside. and obviously with a Fed rate decision coming up, there clearly could be an influence on currencies such as the Dollar, but also such as Bitcoin and Ethereum. So if right now, if you've been, Diamond handing your crypto looks like there's a little bit of a bullish repr now before I Really get into the rest of this video I Just want you to know this is the energy that you should have for the remainder of this video but also for the remainder of the trading week. Obviously, a lot of trading has to do with psychology has to do with the right proper mental framework.

and this is the page that I need everyone to be onut fil me I'm Instagram famous You? That's what you need to know. You just got to know that your Instagram famous and everyone else is a bum and it's that type of can do attitude that I think could really really bring your P&l from the bottom left to the top right getting one of those nice green golden P&l Equity curves so totally not detached from normaly by any means. All right. major news from today.

Stellantis could close 18 facilities under UAW deal. Here are the full details of its latest offer. Basically they came in and they said hey, we're going to give you a 20 plus% increase and the United Auto Workers Union said uh-uh no way, honey. It's kind of interesting right now.

So we have this particular union strike going on. Obviously, in the world of Hollywood there's still the actor and the writer strike. Recently we have the Ups teamers and also there's murmurs of even more strikes coming down the pipeline. So obviously, depending on the industry it's in, you got to pay attention to that sub sector within the market.

especially if you're trading that stock. Whether to the upside or to the downside, this could have a clear impact on automakers, so at least make sure it's on your radar. I Don't want anyone to be missing this White House Team to go to Detroit early this week to help resolve UAW strike. The fact that this has only been going on for 3 to 4 days depending on when you watch this, the fact that the White House is already wanting to get involved tells you how serious of an issue it actually could be.

But what I thought was interesting was this was posted early this morning and not long after. UAW President downplays White House involvement in strike talk. So right away they're like yeah, White House getting involved. it's that big of a deal and then the Aw President is like, what are you talking about Not really and it does seem like the momentum the person negotiating from a point of strength probably the best way to put it is the actual Union So it'll be interesting to see how this all plays out.

But fear not, as soon as politicians get involved, you could probably bet that it's going to get messed up in one way or another. Which leads me to my next segment. If you've watched my content for any period of time, you know that I Absolutely love to track what our politicians are doing in the market because I find it a little bit ridiculous that our elected officials, people who potentially have access to non-public information can throw around money in the market. And yeah, maybe this is just anecdotal, but it seems like their timing is very, very impressive.

Well, anyway, on that particular note, here's the most recent update of what politicians are doing with their money in all of our stock market. Breaking Row has introduced a new reform plan that bans stock trading from Congress including their spouses, bans Congress from lobbying after 12year limits for Congress, bans lobbyist and pack donations So this is a very interesting I guess video that shows how some people that are in the political sphere are starting to agree that maybe just maybe our elected officials shouldn't be trading in the market is exactly what they had to say. The American people are frustrated and exhausted with the corruption and roll of big money in the HS of Congress That is why I'm introducing a fivepoint plan: first ban all pack and lobbyist money to Congressional campaigns I don't take a dime of it Second, ban completely stock trading and members of Congress from ever becoming lobbyists, activists like unusual whales quiver quantitative and the leaders at crew have been mobilizing for this. Third term limits for members of Congress fourth term limits for Supreme Court Justices and fifth, an Ethics code for Supreme Court Justices This is common sense.

The people demand it. It's time we give them back their government and we reform in Washington We should have bipartisan support for this five-point plan. Thank you Madam Speaker I Yeld back. Absolutely amazing.

I Honestly couldn't add anything else on top of that. Yes, yes, I Agree it's common sense I Agree that the populace wants it and it feels like the only reason it's getting hung up is because What? The people who have to vote it out so it's not possible don't want to because what? they're making too much money? What is it? I guess I'm just confused myself like probably many of you are listening to this of what are you talking about, why are they able to trade stock? Why are their spouses able to trade stock personally? To me, it doesn't make sense, but it is actively going on. So while I have this platform, I'm going to use it to call out some of the things that I personally perceive to be a little bit concerning to say the least. I do want to add on one thing here though.

I Hear a lot of talk for stock trading. Don't forget that a lot of elected officials trade serious size referring to options trading. So I don't want this to be one of those loopholes where they're like, well, we're not trading stocks anymore, we're just trading options. So if this ever gets to the point that it's being voted on, gets through committee, goes from the house of the senate or vice versa.

Whatever it is, I just want to personally make sure that it includes stocks and options and probably also crypto. and Futures I think we should include it all and not just make it one of those specific things that it's exclusively stock. But while we're still here, while they're still able to do it. Here is what the most recent developments in the world of politicians trading in the market has to give to: US Representative Susan Delbane just disclosed selling another 1.5 million of the tech giant Microsoft In the last three years, she and her husband have now traded $65 million plus of Microsoft stock.

Microsoft also happens to fall under Representative Dell Ban's congressional district, but how did they trade such high volume? Now, what's particularly interesting is the fact that both she and her husband work for Microsoft In the last 3 years, her husband has bought up to 50 million worth of stock via Rsus. Now, what's even more interesting is the fact that Representative Delbane is the chair Emiritus of the new. Democratic Coalition This committee, according to the wiki, is a fiscal moderate Pro business body that supports free trade and high tech sector. Obviously, it's not that ridiculous to assume that Microsoft falls under that umbrella and guess which district the Microsoft Corporation falls under.

Obviously Representative: Del Bame Folks, you can't make this up. Unfortunately, it doesn't stop there. Senator Dan Sullivan has disclosed 33 New Stock trades. They were all sales totaling to $720,000 Now obviously time will prove if this was a good sale or potentially not the best timing of sale.

But regardless, the point I'm trying to make here is the fact that there's serious money involved with politicians actively trading in the market. I For one, find it frustrating I find it very frustrating and you probably do too now. In the meantime, as we're waiting for I Don't know what? I would consider a bit more logic to enter the political sphere as it overlaps with the stock market. I Do want to call out Streepy Strey is a Ro Robo adviser that has various AI trading co-pilots one of which is the Uscb.

The United States Congress buys co-pilot trading strategy and what you need to know about this is the fact that it mimics and it tracks exactly what our politicians are doing. So another way to put that is whatever they're buying you could be buying and whatever they're selling, you could be selling. So if you want to trade like a politician, make sure you're checking out street beats Uscb. and while you're there, make sure you check out their other AI trading co-pilots or if you want, you could even build your own.

And now let's talk about the week ahead. So for today, Monday September 18th There's really not a whole heck of a lot going on, but for the rest of the week there are some major macroeconomic events. for example, on Tuesday early in the morning crack of dawn 5: A.m. we're going to get the CPI report for the Eurozone.

We're also going to get the building permits for the Us at 8:30 Wednesday is the big day as I alluded to before. please mark your calendar, We're going to get the Fomc results basically the interest rate decision results at 2: P.m. and then Jerome Po, the chairman of the FED will be speaking at 2:30 On Thursday we get the initial jobless claims we're going to get existing home sales, and then on Friday we get the PMI. So all of these are important, but I would argue the report or the decision that has the biggest impact on the stock market is going to be the Fomc announcement at two, but more so what Jerome Pal has to say at 230 and what I mean by that Is the market going to interpret his commentary is being haish? Or are they going to interpret it to be doish? And obviously that could push the market down or up depending on how the market really interprets the vibe of what Drome Pal has to say.

At this moment in time, there's a 99% chance that the Federal Funds rate will remain unchanged. I would be betting on the fact that we're going to get no change. I Don't think there's going to be a surprise to the upside or the downside. I Think we're going to hold it constant at 5.25% What's going to move the market is once again what Pal has to say about this situation.

And yes, we might be getting another rate hike between now and the end of the year. if we do it, most likely going to be in November. But I'm hesitant to say anything too special about it because between now and then we have more CPI reports more Pce reports, more retail sales reports, more unemployment reports. There's a lot of major macroeconomic events that are going to happen between now and that November Meeting that in terms of putting odds on the situation I would say maybe we just need to wait and see how some of that data comes in.

Fear not, though, Americans can barely Ford homes and that's a problem for Biden Well, obviously it's a problem for Biden because a lot of people vote by their checkbook. as in if they're feeling good about their finances, they keep the same person in office. If they're not feeling so good, they go on to the next person cuz they think, hey, what's the worst that this could actually go. But anyway, obviously with interest rates being so, Skyhigh we're seeing mortgages and homes just absolutely inflated.

Obviously the average person like you and me is feeling a little bit of a pinch. but don't worry Janet Yellen has said she sees no signs of the US economy in a downturn. I'm going to ask you, do you think that the US economy is in a downturn because I can tell you this someone like Janet Yelen, the Treasury Secretary I think she's a little bit out of tune, a little bit out of touch with what the average person is going through, and obviously they're just going to go up there and say whatever lines they're trained to say because that's what these people do. and obviously it's frustrating.

But for them to say there's no signs of the US economy being in a downturn? e. I find that a little bit suspect this week in terms of earnings. we're not in earning season, but I do want you to know about Wednesday After the market closes, we're going to hear from FedEx A lot of the times it's commonly considered that FedEx is a barometer for the success and or failure of the market. So curious myself to know if FedEx beats their numbers or misses on their numbers later this week Wednesday after that Fomc decision.

So anyway, Wednesday pay attention to FedEx I Definitely know I will be now very quickly. Just want you guys to know there is a new newsletter. It's in the description of the video. This is free F re If you're interested in getting my breakdown of what happened in the market, what to look forward to next? You could sign up for this Macor Locals.com I give you all the major macro economic events I give you all the earnings that I think you'll be interested in I give you the seasonality for every single day of the upcoming week and then on top of that I've started to include how the zero DT option strategy is going and also charts of Interest.

So with these last two in mind I do want you to know that for today September 18th I called out one Z DT trade and this happened to be a call Credit spread on the Spy 372 spread by 373. Obviously, the fact that we closed out today below 372 means that this was a winner. so thus far in the week, we are one for one. Let's see if we can keep that streak continuing.

And then also in terms of charts of Interest I Just want to really quickly show you what I'm seeing here in terms of the S&P 500 the Spy: Uh, I'm seeing lower highs, higher lows, a consolidating bullish pennant I'm looking for the breakout or the breakdown I'm not necessarily biased one way or the other. I'm just waiting for Price action to tell me which way I should be going. In terms of the cues, we almost had a breakdown today. We were on the bottom side of this trend line, but right at the end of the day we saw a little bit of reversion to the upside bit of strength there in terms of individual equities.

I'm noticing a breakdown on Microsoft so I want to bring that to your attention? we're below the trend line, multiple closes below it. If it can't hold this 327 329 area, there might be more downside in the short term for Microsoft I Also want to point out Nvidia which also barely saved itself today. We have this nice trend line after its earnings Gap up from back in May of earlier this year and we opened up below it. but it successfully did push to close above it.

so no breakdown there yet. but definitely on my watch list. and then finally the one that I find to be the most surprising because I didn't think it would get this way or look this good, but Carvana at least in my eyes is looking bullish I see an inverse shoulder head shoulder I see a cup and handle I'm looking for Carvana to get above and hold above 56 because if so, that could open up the next leg to the upside in the ticker Cvna That's what I have for you today I Hope you enjoyed the daily update. If you want me to include something else in this video or these types of videos, let me know in a comment below.

obviously if you enjoyed it, don't forget to subscribe, don't forget to hit the like button and I'll catch you in the Stream tomorrow morning 9:00 a.m. bright and early. Hope to see you there.