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Tackle Today: Stock markets are rallying

November 4, 2020

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Processing the election results so far

Traders,

As the US Election results continue to be evaluated and counted, the markets are up big across the board.  Currently, we do not have clarity on the election, but we are seeing the rally in many sectors of the market in early trading.  Healthcare, Communication Services, Technology, and Consumer Cyclical’s lead the way up +4.99%, +4.8%, +3.77% and +3.41% respectively.

Emotions are going to be high, and as a trader, it’s important to try the best you can to remove emotions and trade based on the information you have and the charts in front of you. As the market’s process the election results, and what they mean for potential policy moving forward, the best mindset is to trade what you see, or wait for more clarity for yourself personally.

Within the market itself, there will be winners and losers, for example UBER and LYFT are up big today, while FSLR is down.  The ride sharing companies are benefiting from Prop 22 passing in California, and the Solar stock is down on the presumption the split congress between the Senate and House will not create the policy’s solar was looking for.  It is going to be fascinating to watch specific companies, industries and sectors move over the next few days and weeks. 

Join us for our programming to get real analysis of what is happening.  Our Halftime report is live at 12:30 pm EST, we have a YouTube special tonight at 7:00 pm EST and we are holding a Tackle 25 Mastermind group at 8:30 pm.  As we navigate some of these muddy waters, we’ll be there to share our insights with you so you can make the most informed decisions possible.

#TeamTackle


Chart of the Day

S&P 500 5 Min Candlestick Chart

As election results have come in the markets have been volatile through the last 24 hours.  At the open on Wednesday, we’re seeing bullishness in a broad based rally.


Video of the day

7 Step Guide to Trading – Step 1

When approaching the markets, it’s best to start at the top, and work through your analysis one step at a time. 


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.

Coaches Show Replay

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.

YouTube Special – Covered Calls

Join us for a special webinar with Coach Noah at 7 pm EST on Covered Calls

Cash Flow Condors MMG 8:30 pm EST

Join our monthly mastermind on how to trade the Cash Flow Condors System.

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