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Tackle Today: The Week Ahead Sep 21, 2020

September 21, 2020

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It is going to be an interesting week for sure. Fed Chair Jay Powell is set to appear before Congress throughout the week alongside Steve Mnuchin. This normally would be of significance (and still could be) but takes second stage at the start of the week to the price action occuring in the broad markets. Support levels have failed to start the week and with no known support level for some distance, things could get interesting. We will be discussing this break of support and its ramifications throughout our live shows today.

Events This Week:

Tuesday September 22nd:

  • Powell and Mnuchin appear before the House Financial Services Committee 
  • Tesla holds its annual shareholder meeting immediately followed by the Battery Day event
  • Earnings – AutoZone (AZO), Aurora Cannabis (ACB), Nike (NKE)
  • Existing Home Sales Report

Wednesday September 23rd:

  • Powell and Mnuchin appear before the Select Subcommittee on the Coronavirus Crisis 
  • Earnings – General Mills (GIS) 
  • PMI Composite Flash

Thursday September 24th:

  • Powell and Mnuchin appear before the Senate Committee on Banking, Housing, and Urban Affairs 
  • Earnings – Darden Restaurants (DRI), CarMax (KMX) and Costco (COST)
  • Jobless Claims
  • New Home Sales

Naturally we will be analyzing and reporting on all the earnings news this week on the Trader’s Lounge, Halftime Report, Trading Justice podcast and our nightly shows. Have a wonderful start to your week and email us if there is anything we can do to make your week better.


Chart of the Day

Earnings this week

The number of companies reporting earnings continues to be light but we have a few notable names this week including Nike (NKE), Costco (COST) and General Mills (GIS). 


Video of the day

What is a Protective Put?

The Protective Put is a protective options strategy that involves buying OTM Puts to protect against a potential downside risk of a specific holding in your portfolio (a long position).


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.

Weekend Reports

Watch the Stock, Options, Commodity and Forex Reports to help yo prepare for the week.


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