For those that love the market, one does not need to watch reality TV as the market itself is the best reality TV out there. Stories that are continually evolving, emotionally charged price action and characters that you love/hate and even learn to love to hate.

There is no shortage of drama in the next week in the market. Among the events and storylines in the next episode of “As the Market Turns” are:

• Does oil continue its run up after OPEC reported today that global oil markets face a supply shortfall of more than three million barrels a day the next quarter?
• How will the new iPhone be received today after Apple unveils it?
• What is the next step for inflation? Will it rear its ugly head again as a market villain? CPI and PPI data comes out the next two days?
• Will the ECB raise rates on Thursday? How will this impact the dollar which is putting pressure on markets?
• Retail sales also comes out Thursday? Will the resilient consumer show signs of cracking?
• What will the Fed do next week? Which Jay Powell will show up in this ongoing reality series?

So many storylines. So many plot twists. We will continue to break them down and what our reality TV cheat code, technical analysis, tells us what might be coming next in the Halftime Report every day. Have a great Tuesday!

Chart of the Day: Crude Oil (/CL)

Oil is doing it again. Oil is breaking out of a classic high-base pattern. Pounding the table for energy in Tackle programing the last couple of months has been a good call and it looks like the trend has more room to run.

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

Watch the Stock, Options, Commodity, and Tackle Newsletter Reports to help you prepare for the week.

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