Microsoft to Launch Autonomous AI Agents in November

Image source: Photo by Angel Bena - Pexels

Microsoft to Launch Autonomous AI Agents in November. 💻 The company will let customers build autonomous AI agents using Copilot Studio starting in November, handling tasks like client queries and inventory management with minimal human input. This move aims to simplify AI monetization as Microsoft and other tech giants seek returns on their AI investments. Yahoo Finance reports.

💳 AmExSurge: American Express profit rises in Q3 as card members continue to spend. Yahoo Finance reports.

💥 AI-PoweredProfits: TSMC stock hits new high after forecast-beating earnings. Reuters reports.

📱 ChinaBoom: IPhone 16 sales soar 20% in China debut as demand returns. Yahoo Finance reports.

⚡ AeroStrike: Boeing’s labor strike is forcing this company to send hundreds of employees home. MarketWatch reports.

🚀 SubStream: Netflix stock surges after earnings, subscriber growth top estimates. Yahoo Finance reports.

📈 P&Growth: Procter & Gamble earnings beat estimates, but weak demand in China hurts sales. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $GRI: GRI Bio
Total gain: 246.55%

2. $BIVI: BioVie
Total gain: 81.7%

3. $XPON: Expion360
Total gain: 66.42%

4. $VSEE: VSee Health
Total gain: 43.9%

5. $SAVE: Spirit Airlines
Total gain: 41.49%

* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11 AM ET, as our Risk Management educator.

Finding Significant Levels

To effectively use support and resistance, it’s essential to identify significant levels. Not all levels are created equal, and I categorize these based on their importance. For instance, when looking at a chart, I prioritize levels that have shown multiple "emotional" reactions—meaning price points where the market showed strong movements, whether as a breakout or reversal. Such levels are not random; they often reveal areas where traders have acted in the past, which means they might act similarly in the future.

Price Action in Volatile Markets

In volatile markets, support and resistance levels can be more challenging to identify due to rapid price changes. But volatility also provides opportunities, especially if you’re prepared to react quickly. I recommend looking for what I call "dynamic levels," where the price reacts with significant, long candlestick wicks or bodies. Consider a stock like Micron, for instance. If we observe that Micron hits a certain resistance level multiple times with emotional reactions (e.g., long candles or sudden reversals), then that level is worth monitoring. As traders, we should be agile enough to spot these levels, validate them with the past price action, and use them as key indicators for our next move.

The closing price of the top three market percent gainers trading near or above $3 on October 18.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $EFSH: 1847 Holdings
Total gain: +188.82%
The stock appeared to be moving on no notable news.

2. $DRUG: Bright Minds Biosciences
Total gain: +124.70%
The Company is pleased to announce a non-brokered private placement of its common shares at a price of USD $21.70 per share. In addition to the common shares offered, the Company reserves the right to issue pre-funded warrants at a price of USD $21.699 per warrant. The combined aggregate gross proceeds from both the share offering and the pre-funded warrant offering will be up to USD $35,000,000. Benzinga reports.

3. $HEPS: D-MARKET Electronic
Total gain: +59.55%
Joint Stock Company Kaspi.kz has announced that it has signed a definitive agreement with Hanzade Doğan, the founder and controlling shareholder of D-Market Electronic Services & Trading HEPS, and Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan to acquire 65.41% of all the total outstanding Class A and Class B shares of Hepsiburada. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

RLI: RLI
3Q 2024
After Market Close
Estimate: 0.970
Actual: N/A

LOGI: Logitech International
2Q 2025
After Market Close
Estimate: 1.100
Actual: N/A

CADE: Cadence Bank
3Q 2024
After Market Close
Estimate: 0.640
Actual: N/A

Time (ET) / Report / Period

8:55 am - Dallas Fed President Lorie Logan speaks
10:00 am - U.S. leading economic indicators - September

A man must believe in himself and his judgment if he expects to make a living at this game.”

― Edwin LefèvreSourced in:
"Reminiscences of a Stock Operator", by Edwin Lefèvre, published in 1923