≈ Let’s discuss Crocs® ≈
Since last September we’ve been holding a special meeting every Friday after the market close. It’s our Scouting Report meetings. In these meetings we go through every sector, each one of the major currencies and also discuss entry, stop and target for each stock/ETF pick. It’s a tour de force that is worth every minute.
The devil is the devil because he is old in this business, so we care about the details. We look ahead for earnings, stock splits, dividend payments, and hesitation. Yes, hesitation. When a particular set up causes silence between the coaches, we know that this pick won’t make it in any of the reports. If we can’t see a clear set up that everyone agrees with and that will be easy for our students to spot, out with it.
Obviously, we have our moments. You can’t expect a bunch of guys to hang out on Zoom for three consecutive hours and not have a laugh in there somewhere during the meeting.
That’s when we discuss relevant subjects. Like Crocs®, for example. The devil used to wear Prada. Now he wears Crocs, it seems.
If you are a PRO Member and a #HalftimeCrew and want to win a free pass for one of the Scouting Report meetings, make our Coach Matt Justice laugh on Twitter.
Chart of the Day
The 200 MA (a.k.a. Gandalf, The Grey)
The 200 MA is one, if not THE, most important catalyst in technical analysis. Looks like the market hates the FED hawkish statements, or love the dovish ones, whatever. Three green candles in a row cannot be wrong. However, whatever the case is, the 200 MA is always there to make the trader’s life a little bit harder.
Video of the Day
Tackle Trading Halftime Report Trailer
Everyday our coaches at Tackle Trading run through what is happening in the Stock Market. They cover the Stock Market News including Forex, Commodities, Options and the major indexes (S&P 500, Dow Jones and NASDAQ). Finally, they teach strategies and give out trade setups that they are looking at.
The Gifts Come Early!
So, we are seeing a rebound in the markets?? We talked about this in the previous blog and how this can be very deceiving and that we must exercise caution in getting too long or too short in too quick of a hurry. This is the crux of trading, when to jump in or when to sit on the sidelines? A famous quote is “you got to know when to hold em and you got to know when to fold em!
Traders Lounge 11am 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 Replay
If you missed last night’s episode where Coach Tyler talked about Cash Flowing with Bear Call Spreads or would like to watch it again, check it out here.
Halftime Report 12:30pm 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.
Market Recap 4:30pm EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.