Coach Mark here.

Trading is always easier when we do not talk about yields and the dollar. That is just a trading truism. When we are not talking about yields and the dollar, then technical setups tend to play out better and there are less variables that can impact price. Fewer variables increase trading performance which is something nobody will complain about.

It is always easier when we do not talk about yields and the dollar. However, we cannot stick our head into the proverbial sand either. 2022 and the summer/fall of 2023 taught many new traders what many old traders already knew. You can have extremely bullish conditions only to be reversed if the dollar and yields start to trend upward.

We are certainly not in an upwards trends compared to those previous time periods but yields have jumped significantly over the last week. It is not surprising that a touch of volatility has picked up in the markets accordingly. The PCE report was already an important inflationary report on Friday and takes on extra significance in this backdrop.

We will continue to break down the macro and technical backdrop in the Halftime Report, Tackle Trading Newsletter, and Trading Justice podcast. Have a fantastic Wednesday everyone!

(TLT)

Not trending, but a nasty week, yields have jumped all along the curve and the rise in bond yields have started to impact other areas of the market. TLT which is comprised of long-term treasuries and if this chart keeps falling expect many other areas of the market to start to feel some pressure. A soft inflationary reading on Friday can alleviate a lot of this pressure.

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.

The Coaches Show Replay

If you missed last night’s episode or would like to watch it again, check it out here.

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 the coaches at Tackle Trading can deliver.

T

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.