9 Minute Read

Tackle Today: Powell Pivots

December 14, 2023

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«What Happens Next?»

Coach Mark here.

Well, that escalated quickly, didn’t it? The Fed met yesterday and clearly pivoted. From the Fed’s Dot Plot to the Powell presser, it will go down in the history books as the day the Fed pivoted. “Higher for Longer” has become a conversation about how many rate cuts will occur next year. Two weeks ago, Powell stated it was premature to discuss rate cuts. Yesterday he said such discussions were appropriate. Yup, a pivot.

So, what happens next? Always the question we are always interested in. If this pivot had happened at market lows as opposed to a six-week monster run it would be much easier analysis. Technical patterns, overbought conditions, upcoming economic data…these will all come in play for traders and we will continue to break down the totality of it all in the Halftime Report, Trader’s Lounge, and other programming.

In the meantime, traders have a lot of trade management decisions on portfolios that are very healthy after six weeks of bullish action. Many of those trade management decisions will revolve around covered calls which can be very tricky in these monster uptrends. We have a fantastic webinar coming up discussing the management of covered calls (along with a sneak peak at the fantastic Tackle 25) on December 19th at 8:30 P.M. EST.

You can register for this special webinar here. It is sort of an end of the year celebration for Tackle Trading and educational event all rolled in one. Please make the time to come. You will both find enjoyment and knowledge at the same time!

Have a fantastic Thursday!

Chart of the Day: Small Caps

Small-caps are leading the last two trading sessions as the market rally broadens out to multiple areas of the market.

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.

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