Trump Destroys Biden at the Presidential Debate | 6.28.24 OVTLYR Trading Room
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Welcome to the OVTLYR Trading Room! Today's video kicks off with a shocking recap of last night's debate, followed by an in-depth market analysis using the powerful OVTLYR trading strategy. Let's dive in!

Debate Drama Unleashed

Were you glued to your screen during the debate? Frank Luntz, a top pollster, shares jaw-dropping insights. He's never seen a performance like this. A focus group of 14 undecided swing state voters shifted overwhelmingly to Donald Trump, with only one favoring Joe Biden. Frank reveals that even 2020 Biden voters now want a different candidate for 2024. This is unprecedented!

Market Analysis and Trading Strategy

Switching gears, we dive into today's market analysis using the Golden Ticket Trading Strategy. Here’s the breakdown:

1. Market Trend: Examining the SPY ETF, there’s a 10 over 20 crossover with the price holding above the 50-day moving average. Despite a tough week, the SPY faces strong resistance at new all-time highs.

2. Market Breadth: Checking the bull list percentage over the 10 EMA crossover confirms a bullish trend aligning with market signals.

3. Risk Management: Before new trades, risk is reduced. Analyzing SFM (Sprouts Farmers Market), GOOG (Alphabet Inc.), and BG (Bunge Limited):

SFM: Almost hit stop-loss but recovered. Heat map looks good, staying above the prior day's low. GOOG: Dipped into stop-loss territory but shows signs of recovery. BG: Strong comeback after a drop, showing buyer strength.

4. Heat Map Analysis: Heat map values for GOOG and BG indicate no stalling, suggesting potential upward movement.

5. OVTLYR Signals: Filtering for OVTLYR bull and bear signals, CCL (Carnival Corporation) stands out but faces resistance inside an order block.

Stock Review Highlights

SFM: Resilient and showing potential profitability. GOOG: Slight upward trend, monitored closely. BG: Remarkable rebound, strong buyer interest.

Thanks for joining the OVTLYR Trading Room! Today’s video covered the dramatic debate insights and a detailed market analysis using the OVTLYR strategy. Stay tuned for more updates and profitable trading opportunities!

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