9 Minute Read

Tackle Today: Busy Week in the Markets

October 16, 2023

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No Shortage of Catalysts

Coach Mark here.

We have no shortage of catalysts in the market this week. There are over a dozen Fed speakers including Powell, the kickoff to earnings this week with Netflix and Tesla reporting, events unfolding in the war, and a handful of economic reports including retail sales. While there is no single event such as a Fed meeting or an unemployment report, there are dozens and dozens of singular events that can trigger algo reactions.

There are a lot of interesting pattern developments occurring in the market right now. While market commentators debate what each of these events mean, the collective thoughts of the market will manifest themselves on charts. During volatile times, during times of uncertainty, when interesting patterns start to develop you should pay attention. As a trader when those interesting charts trigger an actionable signal you should probably act.

There are interesting chart setups right now. This is one of those stretches you do not want to go fishing! We will continue to point out the technical development across multiple asset classes on the Halftime Report and will not be shy when we think something looks attractive from a trading point of view.

Have a wonderful start to your week.


Chart of the Day: S&P 500 Futures (/ES)

There are a lot of ways the S&P 500 can produce an actionable signal in the coming weeks…or coming days if recent resistance which lines up with the falling 50-day moving average breaks. While there are never certainties in trading, this chart feels like it has more ways for bulls to win than bears in the short-term.



Today’s lineup

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 the Coaches at Tackle Trading can deliver.

Weekend Reports

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