9 Minute Read

Tackle Today: Taking a Break

May 28, 2021

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Recharge Your Soul

The wide-world of trading can be broken down into two broad categories:

  • Techniques – this involves technical analysis, strategies, rules, trading plan.
  • Mental – discipline, fortitude and many other intangibles

You will hopefully be trading and investing the rest of your life. It is a very long journey filled with many ups and downs along the way. You need to stay fresh, alert and to be honest continually excited along the way. Trading can be very rewarding but it also can be enjoyable. One of the keys to keeping it constantly enjoyable is to recharge your soul along the way.

The markets are closed for Memorial Day this coming Monday May 31st. Take this three-day weekend to recharge your soul! Tackle Trading will not have its regularly scheduled programming on Monday but the Trading Justice Podcast will be released Monday night and our weekly Weekend Prep class will be held on Monday night at 8:30 EST instead of its regular time on Sunday night.

Have a wonderful weekend everyone!

Chart of the Day

S&P Weekly Chart

While the markets still have a resistance level to get through the price action this week was very welcomed by the bulls after a couple of choppy weeks. Cash flow strategies continue to do very well and if we get a breakout of resistance directional opportunities will be plentiful.

Video of the day

Buy One, Hold One Dump One

Coach Greg presents 3 stock ideas from Home Builders – $MDC $PHM and $DHI – and Coaches Tyler, Tim and Matt have to decide to ‘Buy One, Hold One, and Dump One’ in this segment from Thursday’s Cash Flow Club

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 Matt and Tim can deliver.

At the Closing Bell 3:00 PM EST

Join Mark Justice each Friday as he covered the world of commodities and takes questions at the closing bell of the market.

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