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Market Headlines 👀 

• US weekly jobless claims come in at 227k; est: 242k.

• Tesla (TSLA) has its best trading day in 11 years after a blowout earnings report.

• Apple (AAPL) set to launch a new Macbook starting Monday in what its calling the ‘week of the mac’.

Earnings 💸

• American Airlines (AAL)

  • EPS: $0.24 beats (exp. $0.17)

  • Revenue: $13.65b beats (exp. 13.57b)

• Southwest Airlines (AAL)

  • EPS: $0.15 beats (exp. $0.04)

  • Revenue: $6.87b beats (exp. 6.79b)

• United Postal Service (UPS)

  • EPS: $1.76 beats (exp. $1.62)

  • Revenue: $22.24b beats (exp. 22.13b)

A note from ESGold 📣

Gold is Reaching All-Time Highs — Are You Capitalizing on this Trend?

ESGold Corp (CSE: ESAU) (OTC: SEKZF) offers a prime opportunity to capitalize on the surging gold market with a project forecasted to generate CAD $112M in revenue. With just $8M needed to finish its Montauban plant, production is expected to kick off in just six months.

What sets ESGold apart? They're not only tapping into gold and silver, but also cleaning up the environment by processing toxic mine tailings and restoring natural ecosystems. It’s a win for both investors and the planet.

Already up over 50% in the last month, ESGold Corp is a public company gaining momentum.

Disclaimer: This ad is paid for and disseminated on behalf of ESGold Corp (it is sponsored content). We do not own any securities of ESGold Corp. This ad contains forward-looking statements, which are not historical facts. These statements are based on the current beliefs and expectations of ESGold Corp’s management and involve known and unknown risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” and similar expressions often identify forward-looking statements. This is not financial advice, please do your own DD. See SEDAR+ for more information.

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Nothing good happens under the 21-day Exponential Moving Average, so it's no surprise to see buyers step at exactly that level yesterday. Now the big question; Is this the buyable dip everyone's been waiting for? They say markets climb a wall of worry, but with the fear and greed index currently in 'Greed' territory, perhaps a bit more cooling is in store. If you're feeling unsure how to position yourself, just keep an eye on the 21 EMA - Bullish above, bearish below.(Contributed by Jason Krutzky of Trendspider )

Is TSLA's three-year downtrend finally breaking? The monthly chart suggests so, with the stock now positioned for a potential move higher. After breaking above the descending trendline from its all-time highs last month, price pulled back, held support, and surged again on yesterday's better-than-expected earnings results. With the election nearing, bulls seem to be factoring in a Trump victory. A monthly close above the July 2023 high of $299.29 will confirm the change of trend.(Contributed by Jason Krutzky of Trendspider )

If you’re trying to predict Coupang’s next move, Weinstein Stage Analysis provides clear insight. After nearly two years of Stage 1 consolidation around the 30-week SMA, the stock surged following its February earnings report. In August, Stage 2 was confirmed with a successful test and hold of the 30-week SMA, and now traders are eyeing the early November earnings report for numbers that could extend the trend.(Contributed by Jason Krutzky of Trendspider )

Market Preview 🎞️ 

• Friday, October 25th: Durable goods;

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Tuesday with a curated list of important news, economic data and market highlights. 

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