Tackle Today: We shouldn’t trade the dead ☠️
January 25, 2019
≈ The Scouting Reports gems. ≈
Since last September we’ve been holding a special meeting every Friday after the market close: the Scouting Reports meeting. In these meetings, we have coaches from 6 different cities, 2 different countries and 11 time zones between Hawaii (US) and Bergamo (IT).
Apart from all the heavy lifting we do, our meetings have turned into some sort of factory of funny moments and quotes. Today is Friday Funday so let’s have some fun:
“The Don” Keith King on the JPY: “I’d love to short that currency. It is such a piece of gaaabage (heavy Boston accent). But what can I do? I hold my nose and buy it.”
Cody on Kraft-Heinz: “KHC can’t ketchup.”
Grant: “Entry 67 stop 66.25“.
Christian: “Wait, there’s something wrong… we’re not bullish.”
Christian: B.
Cody: P?.
Christian: No, BEEEEE.
Cody: It must be your accent, then.
Tim: TLRY (opens the chart on TOS).
Matt: No Tim, let’s not include Tilray on the Scouting Report.
Christian: Yeah. It got smoked.
Matt: No, this is not a Snapchat pattern. I invented it. I know how the Snapchat pattern looks like. Christian, make me a meme of that $%#@!!.
Christian: VIV. That’s Vivo, a $%#@!! Brazilian carrier. It means “alive” in Portuguese. But people there call it “Dead”, instead. We shouldn’t trade the dead.
Matt: No, this stock needs to get there, have a doji hangout party and retrace a little bit, then we’ll have a nice setup.
Christian: Azul, that’s a Brazilian company. It means “blue” in Portuguese.
Tim: Really? That’s interesting. What are your thoughts about this company?
Christian: That’s a $%#@!! company. Go long.
…
It’s a tour de force that is worth every minute. The reports that come out of these meetings are second to none. Tackle Pro members already know that.
Chart of the Day
GPRO
Speaking of the dead, here’s GPRO. From its heydays back in 2014-2015 to the nowadays tomb a –95% fall in price. See it, trust it, send it, bury it. Or so it seems.
Video of the day
S&P 500 #10YearChallenge
Not only of funny pictures lives the #10YearChallenge. Coach Noah analyzes the biggest index of the market comparing its current situation to 10 years ago.
Today’s line up
Traders Lounge 11PM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cash Flow Club Replay
If you missed last night’s episode where Coach Tyler talked about Risk 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
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.
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