Tackle Today: Brace Yourselves: Fed is coming
June 17, 2019
≈ The Adventures of Tom Sawyer. ≈
“No, his mind is not for rent
To any God or government
Always hopeful yet discontent
He knows changes aren’t permanent”
This week comes with new promises. I mean, not new NEW, just the old ones with new seasoning: money for the wise, valuable lessons for the neophytes and adventure for all of us. I already feel like Tom Sawyer myself.
On Wednesday, the pinnacle of the week, we have il Signore Draghi, the Italian capo of the ECB, with his closing remarks in Portugal, but, above all, we have THE FED.
As far as Signore Draghi goes, it’s easy, non se ne frega niente. The Eurozone is becoming, slowly but surely, the black hole of the world economy. His thunder is already stolen by the FED.
Coach Cody Maki put together a very interesting Forex Report this past weekend. This is how he begins it:
“So, I thought hard about how I wanted to put this report together. I ended on ’If I was new to the markets, why should I be worried about this Powell guy and the USD interest rate?’”
Remember, the more risk you take, the less ego you gotta involve in the trade. In the end, it really doesn’t matter if they are going to cut rates or not because we are not in the “being-right business” but in the “money-making” one.
That’s the main advantage for the Pro Members: special reports, live shows, and dedicated support. It is precisely in times like this that we can feel more confident because we are part of this huge family we call #TeamTackle.
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“The world is, the world is
Love and life are deep
Maybe as his eyes are wide”
Chart of the Day
The S&P and the FED
The chart above was taken straight out from the Forex Report. So what happened last time the FED raised rates?
Access the Forex Report HERE.
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Video of the day
How to Prepare Covered Calls (with Theta Research Spreadsheet)
Tim, Cody and Noah work through the Tackle Trading Theta research spreadsheet for building out Covered Calls.
Today’s line up
Traders Lounge 11PM EST
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Halftime Report 12:30PM EST
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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.
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