As we approach the upcoming week, it's important to bear in mind that a significant holiday, Labor Day, is on the horizon here in the United States. Consequently, trading will be suspended on September 4th in observance of this holiday. This particular week often marks a period when many senior traders opt for a well-deserved vacation, leaving the reins in the capable hands of the junior varsity trading team. Given historical trends during such holiday trading weeks, it's anticipated that trading activity will be characterized by lighter volume, a condition that traditionally tends to favor upward market movements. Notably, our recent trading endeavors have yielded promising day trade opportunities. For more insights and engagement, we encourage you to join our dedicated Discord server.
Stock Market Update August 28, 2023 This week lacks any significant events, unlike the previous week. While there's a chance that macroeconomic data could influence market dynamics, it's likely that the true direction of the market won't become clear until after the Labor Day holiday. We don't have any red-letter events this week like we did last week. Though it's possible that macro data may move the needle, we're probably not going to see what the market wants to do until after the Labor Day holiday.