For those of you who've maybe been sleeping under a rock recently I Need you to know that the markets are ripping higher? I'm talking stocks I'm talking crypto I'm talking options I'm talking Futures Everything is exploding to the upside. So if you've been in the world of stocks, congrats Crypto. Congrats! Really. If you just been a degenerate bull, Congrats to all of you because I'm sure that you've been making a Pretty Petty.

On the other hand, if you've been betting against it I Kind of feel bad for you because you're getting absolutely steamr and it's on that note that I want to give you this update video. What in the world should we all be paying attention to what should be on our radar in the short term to understand better if the market is going to continue its green explosion to the upside? Or maybe in the short term is there a U-turn coming about? So I want to break down all the things to be, paying attention to some key levels. and hey, I'll even share some of my own trades from today with all of you. But before we get to that, if you haven't already, don't forget to like.

Don't forget to subscribe. Really helps me out with the algorithm. so I appreciate you doing that. With that being said, let's rock.

By the time the closing bell went ding D ding ding ding today here is the official headline: Dow adds more than 150 points to clinch fourth winning day fueled by cooling inflation data. So yes, early this morning we got the producer price index update and we also heard about retail sales. I'll be covering that in a second. but really I think the best way to kind of drive home this message before when I was alluding to how green things were.

Here's a quick heat map of the S&P 500. not the most Green Day we've seen, but overall still pretty green and then arguably even more green in the world of crypto. I mean I'm actually not seeing any red here at all. And one question I have for you is just in terms of a spot Check Yes The cues were green up 8% But what's even more impressively green is crypto.

Bitcoin Currently trading at 37.6k eth trading above 2K and you know what's really ripping. Salana currently trading above 66 I Need someone to explain it to me cuz I'm not quite following the story. Salana surges amid Altcoin rally nearly triples its price over the past month. The spike comes a day after Arkz CEO Kathy Wood applauded its performance this year on CNBC Salana is doing a really good job.

Quote: unquote: Ether was faster and cheaper than Bitcoin back in the day. That's how we got ether. Salana is even faster and more cost effective than ever. So my question to all of you is I Have Bitcoin I have Ethereum Should I be dumping my Ethereum for salana I Don't want to be someone who's cosplaying as a salana expert I Roughly know what it is I read his papers I'm reading a little bit about the community I'm catching up to date up to speed on what I should be knowing about Salana.

but I'm asking you, this is what Am I missing? Like someone needs to tell me something because this thing is ripping, ripping ripping and I need to know Am I missing the train or is this more of a rug situation I'm genuinely asking you should I be switching my money in Ethereum to money in Salana. Please let me know in a comment below anyway. I digress. Here are the major things that went down today and what you should be looking forward to in the immediate future.

So at 8:30 a.m. ET today, an hour before the market open, we got another inflation report. yesterday. we got the Consumer Price Index Today we got the producer price index and that actually came in in a very similar doish AKA bullish manner, coming in less than expectations.

Which is good because it means inflation isn't continuing to rip at the same velocity we previously saw. If you saw the market yesterday, it was even more green and you might be thinking, well, if the CPI report came in light, the PPI report came in light. why aren't we still ripping? To the upside: I would argue that the answer to that is twofold. This morning, same time, 8:30 a.m.

we got a different report, the retail sales report and as you can see right here, came in a little bit hotter than expected and this ties to inflation and there's obviously still demand and we know the Federal Reserve AKA daddy Pal is currently fighting against it. So I think it's kind of safe to say that maybe these two announcements sort of canceled each other out. It's also safe to say that the Market's been ripping like no other. So maybe the short-term Bulls are finally taking some profits.

Just something to consider. Another thing to consider: China President X meets Biden for the first time in a year. By the time you're watching this, there's a good chance you might have already seen or heard about whatever they're discussing their press conference. So just in the short term in the political Arena I'm not necessarily saying it's bullish or bearish, I'm just saying it could prompt some volatility.

So I want to put it on your radar. Similar situation of the government shutdown and it already passed the house. It's currently being heard by the Senate they're fighting back and forth. The preliminary I guess signs from the situation is yeah, it seems like we're going to not have a government shutdown, but just another thing on the political front that I think everyone should be paying attention to cuz obviously it could have an impact on the econom E and the economy will have an impact on the stock market in a similar vein.

Another thing you should be paying attention to is the fact that we are not done with earning season before the Market opens tomorrow. Thursday November 16th we're going to hear from Alibaba Obviously the Chinese Tech Giant we're going to hear from Walmart we're going to hear from Macy's obviously these are going to be impactful companies. Also on that note, I Want to let you know that this is pretty much the end of earning season next week right before Thanksgiving we're going to be hearing from Nvidia so that will probably be an interest to many, many of us. but other other than that, we're kind of done with this particular earning season.

Side note: on earnings we did hear from Target this morning. Target shares jump after retailer post a big earnings beat. even as sales Fall Again and Side Story Target CEO claims customers are saying a quote unquote. Big thank you for locking up merchandise pretty much all year.

Target has found itself on one side or another related to some sort of fight. Whether it was the whole stuff with the LGBT clothing or it was the theft and people said we should steal or people said you shouldn't steal because it's stealing. Well now the CEO at least hitting back on one of those things saying yeah, no Obviously we're going to lock stuff up because they were recently forced to close nine stores in September because of the increase in theft and related violence. So on this one sub aspect I mean makes sense that the CEO is saying yeah, we're going to lock stuff up.

You shouldn't be stealing from us anyway. For a more holistic picture of what's going down previously and what to look forward to in the upcoming week, check out the newsletter Maor Locals.com I break down what happened in the past week, What I'm personally looking forward to in the upcoming week: I include all the major macroeconomic events I include all the major earnings and then I also give you the seasonality for all the individual days in the upcoming week. And just for those of you watching right now, today was slightly bullish. the spy and the cues were slightly in the green, but more so I wanted to show you that Yeah, the seasonality technically did play out, but for Thursday bit more neutral, slightly bearish, and then clearly on Friday November 17th more so favoring the Bears.

Now when you look at seasonality, is that a guarantee? No. I'm giving you the odds right there so you get a better sense of the deck is stacked in which party's favor. That's the best way that I like to think about it. And now let's get into the Nitty Gritty of it on the screen is the Spy the ETF tracking the S&P 500.

Yeah, no secret that from late October until now it's been ripping another Green Day Al Be it a small green day I Just want to point out in terms of The Upside I'm going to be watching how the market act to 451 if there's another retest in the short term past that I'll be looking at 454 and I also want to let you know that there's a downside Gap fill to 441 and it's on that note that similar situation to the Q's I just want to show you wear clothes that I myself even though I love to cover what's going on day in and day out I Also want to let you know that I'm personally a very, very active Trader In fact, this is how things have been going recently. Yes, you might notice that on Friday the 10th I had a brutal loss and and basically if you're a poker player, you're going to know what I mean here I went absolutely on tilt I broke my systems I broke my rules and it cost me dearly. So right now I'm in the build back phase. Most people are not going to show off their horrific losses to you, but I think the only way to really develop some trust is to always be 100% transparent, 100% honest I'm right there with you I have my mentally strong days and clearly I also have my mentally weekdays.

but as of today I've built back about half of what I lost and I plan to take it slow and stady. and like I said, my whole point in doing this is just to let you know that this isn't some like Guru furu thing of like oh my God I'm always right all the time, always making this money that's not real trading, that's not real life. that is not a real way people really behave in the market. So I just wanted to be honest and forthcoming about where I am and also just show you the trades from the day.

A lot of credit spreads uh I know a lot of people enjoy options, so these were a bunch of D Gen zero DT Credit spreads not really buying calls or buying puts, but more so selling premium and that's the thing that I love to do in my own. Discord So if you have an interest in learning a slightly more complicated options strategy in theory, check it out Macor Locals.com That's exactly where you get that newsletter for free. and it's also where you can sign up and get connected into the Discord. For any of you who have an interest, that's what I have for you now.

Best of luck in the markets for the remainder of the week. I'll catch you in the next video I Beautiful day.