Always Stay Informed
Price action in the broad markets is muted again as the market continues to struggle to take a leg up as it battles the current resistance zone. Perhaps due to valuation, worries about inflation or the Fed or perhaps just the “heading into summer doldrums” price movement (in either direction) has gone into hibernation in recent weeks. The Fed meets on Wednesday (followed by a Jerome Powell press conference afterwards) which can perhaps wake up the market but for now we have to deal with the market it is giving us which is a very tight range at the top of the market.
When the market is in these conditions cash flow strategies obviously stand out but there are also directional opportunities in numerous places. It really becomes a stock pickers market and those that find outstanding patterns in areas of the market that aren’t asleep can take advantage of these market conditions. We don’t get to decide what the market does but we can adapt to what the market is giving us. Have a wonderful week and if you need anything at all this week email us at team@tackletrading.com. Enjoy the last week of spring!
Key Earnings This Week
- Tuesday, June 15th: Oracle (ORCL)
- Wednesday, June 16th: Lennar (LEN).
- Earnings spotlight: Thursday, June 17th: Kroger (KR), Adobe (ADBE)
Key Economic Events This Week
- Tuesday – Retail Sales, Industrial Production
- Wednesday – FOMC Meeting and Jay Powell Press Conference
- Thursday – Jobless Claims and Philly Fed Manufacturing Index
Chart of the Day
Bitcoin Futures Daily Chart
| The S&P 500 might be boring right now but Bitcoin certainly was not this weekend. Headlines surrounding Elon Musk supporting the clean energy progress that miners were making helped provide a jolt that has price threatening to break the short-term trading range that has developed in recent weeks. It has been a rocky ride lately but price action is certainly healthy to start the week. |
|---|
Video of the day
Jedi Options
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
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.
Weekend Reports
Watch the Stock, Options, Commodity and Forex Reports to help you prepare for the week.
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 involve 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 advisors, to determine whether such trading or investment is appropriate for that user.
