Coach Mark here.

After an extremely busy week last week, the market slows down a touch from a catalyst perspective this week. We have a slate of economic reports on deck (retail sales on Tuesday, unemployment claims on Thursday, PMI numbers on Friday) but none of the major catalyst reports that create narratives and themes. The market has been sensitive to economic data lately which has resulted in more intraday swings based on economic reports but that noise quickly gets absorbed. Expected noisy mornings and technicals to dominate this week. Wednesday the market is closed to celebrate the Juneteenth holiday.

Those technicals this week are going to vary from one area of the market to another as we have a tale of two markets right now. Cap weighted indices led by big-cap tech and holding up well while many other areas of the market (ARKK, DIA, IWM) are in some version of messy consolidation with moving averages acting as both support and resistance depending on the time frame. This is a significant story in the market right now and my brother and I discussed this in the Trading Justice podcast this week which you can watch here on the Tackle Trading YouTube channel or find it on the TradingJustice.com site here. 

As a cash flow trader, I am excited for the coming stretch as I feel like there are going to be good opportunities on both the bearish and bullish side. I have a feeling Coach Frank and Matt who have their Delta Dog trading lab feel the same from the directional side of the equation. Join us on the Halftime Report today as we break it all down. Have a fantastic Monday!

Chart of the Day: Apple (AAPL)

Decent pattern development on Apple as we start the week. Big-cap tech certainly having a dominate moment but we have learned long ago that these dominant moments can last lots longer than most would think.

Today’s lineup

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 the Coaches at Tackle Trading can deliver.

Weekend Reports

Watch the Stock, Options, Commodity, and Tackle Newsletter Reports to help you prepare for the week.

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.