≈ Oh, the irony. ≈
“May you live in interesting times” is an expression said to the translation of a traditional Chinese curse. The expression is used ironically used to express that life is better in uninteresting times rather than interesting times which usually are a sign of turmoil and trouble.
We are certainly living in interesting times in the markets:
- Oil crashed over the weekend in record-setting fashion as Saudi Arabia starts a price war with Russia
- The 30y is trading below 1.0% for the first time ever
- Equities quickly crashed overnight to limit-down levels that halted trading (a first since the financial crisis)
- Trader’s are expecting another emergency rate cut which would be the second under a week
- Speculation of the Fed resuming QE and perhaps other more drastic measures to calm stock market nerves
All of this in addition to coronavirus fears and the impact they will have on human life and the economy. There is a lot going on today and we will be providing the same world-class analysis we have provided since the start of the coronavirus on all of our live shows today and the Trading Justice podcast that will be released later tonight.
Chart of the Day
Trading on futures died overnight as equities crashed 5% overnight which triggered limit down measures that had not occurred since the financial crisis. Trading will resume at the market open which will be perhaps one of the most volatile opening in markets in some time.
Video of the day
How to Use Bearish Indicators
Your coaches will show the class some of the best bearish indicators they use during a market downtrend.
Today’s line up
Traders Lounge 11 PM 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.
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.
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.