Coach Mark here.

We are on the last trading day of the first quarter of the year and it was an impressive showing for bulls. Lots of wins in lots of places. The first three months of 2024 were really one for the history books!

Big-cap stocks where a big winner in the first quarter aided by a relentlessly smooth uptrend in the S&P 500 where every shallow dip was bought up. The rally had broad participation across multiple sectors. The rally over the last week lifted small-caps to the green for the year as we head into April. Not all stocks were winners however as mega-cap giants Apple and Tesla were notable losers to start the year out.

Gold was a big winner for the bulls for the first quarter as well as new all-time highs are being set as I write this message. An accommodative Fed, worries about the debt and inflation, central banks buying, geo-political conflicts escalating…pick your narrative as there are plenty to choose from. No one has complained about having gold in their portfolio for the start of the year.

Bitcoin has been a massive winner as well. The primary catalyst was the introduction of spot ETFs into the market but many of the arguments for gold apply to Bitcoin as well.

You know what else was a winner at the start of 2024. Oil. Big time. What has gained more oil or the NASDAQ? That would be oil. Sneaky price movement as we head into the start of the second quarter.

Was quite a three month stretch! Will the next quarter match the first quarter? That is not how markets work but we will certainly be here to break it down every day the market is open! Have a fantastic Easter weekend!

---

---

Chart of the Day: S&P 500 (SPY)

There were bigger winners to start the year but there were none more consistent. The methodical nature of this trend is one that will be referenced for decades to come.

---

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.

Cashflow Club 8:30 PM EST

Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.

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.

---

Financial freedom is a journey

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.

---

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.