8 Minute Read

Tackle Today: One Day Does Not a Trend Make

September 8, 2021

By | No Comments

Don’t sweat the small stuff

Traders,

Sometimes down days shake your confidence. When stocks have been in an uptrend and then get dropped kicked on a random day, it leaves you wondering whether it’s the beginning of the end. Fear kicks in, and you wonder if you should bail on your well-placed positions.

Perhaps some of you had these thoughts last night after seeing the S&P 500 down 0.4%. And yes, I realize the ridiculousness of bringing up this point on such a mild losing session.

During times like these, it’s helpful to remind ourselves that one day doesn’t make a trend. Catastrophizing that this is the end is the same as picking tops. It’s unproductive. There’s a reason why we preach the power of trends and the wisdom in assuming they stay in motion. It doesn’t work every time, but know this: it works way more often than going bearish or blowing out of your bullish trades every time a red day arrives.  

#TeamTackle


Industrial Sector (XLI)


The industrials sector led stocks lower on Tuesday, losing 1.73% on the session. Volume swelled as prices cracked the 20-day and 50-day moving averages. If this doesn’t warrant downgrading our outlook on XLI, then I don’t know what does.  

Video of the Day

Queen’s Court


In this week’s edition of the Queens Court, the coaches bring separate trading picks for Coach Emily to review including Cinemark, Amazon and Tractor Supply. Will she accept the trade ideas or will she lop off the coaches heads?

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.

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.

Trade Masters 7 PM EST

Join us every Wednesday at 7 PM EST on YouTube as the Coaches go over trade ideas from the Trade Master’s crew!



Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

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.

Leave a Reply

Chart Modal

Tackle Trading