≈ Boredom is over. ≈
Oh, the winds of change… Those modern 280-characters bombs… The currency wars… OH, LORD, HOW WE MISSED IT!!
The heads of state and the Fed know how to rock the markets. Right in the middle of the earnings season. What a nice timing to throw a party. If the Chinese government has this much power to drive the US equities down, therefore we must infer the US bulls are made out of porcelain. Investors are running for the hills: Gold, Japanese Yen, and Swiss Franc.
Markets started the day bouncing back but the next major support zone sits at ≈ 2730; it’s right around the corner.
We do hope you are already carrying protection and have some cash set aside for moments like this. If not, now it’s time to start planning. Be sure to attend the Traders Lounge so you can discuss the current market conditions with the Coaches.
Tonight, Coaches Tyler Craig and Noah Davidson will host a somewhat contrarian show as part of the new Tackle Trading Playbook: the Bull Call Spread, a limited risk, limited reward Delta bullish debit strategy. Markets want to go up but if the sentiment is bearish, down they go.
If you are not a PRO member yet, sign up for a 15-day free trial HERE, so you can attend the webinar.
Chart of the Day
Next Stop: 2730
As of this writing, the S&P is bouncing back. If the general sentiment continues to favor the bears, down we go. Next stop: 2730.
Video of the day
Trading Concept Check: Prior Support Resistance Price Zones
Old support/resistance price zones are excellent technical catalysts for price changes that traders look for to give them an edge when it comes to buying or selling.
Today’s line up
Traders Lounge 11 PM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show 8:30 PM EST
Join coaches Noah Davidson and Tyler Craig tonight, 8:30pm EST to discuss the Bull Call Spread strategy from the new Tackle Trading Playbook.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Market Recap
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
Financial freedom is a journey
The Tackle Today series is brought to you by Tackle Trading.
Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.
# Sign up now for a 15-DAY FREE TRIAL #
Legal Disclaimer
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.
