«Here are the S&P 500 levels to watch.»
The S&P 500 enters today’s Powell speech at an exciting juncture. The daily trend is slowing in momentum and wrestling with a declining 200-day moving average directly overhead. But it’s still an uptrend that hasn’t broken any prior pivots so far, and we’re entering a month with a bullish reputation.
It pays to draw your battle lines and prepare for any outcome in times like these.
Below, support looms large at $390. Set an alert. If broken, the trend will demand you downgrade your bias. In other words – get less bullish/more bearish.
Above, resistance awaits near $404. Set an alert. If broken, it will signal a continuation of the uptrend. Upgrading your bias at that point would be wise. Enter bull trades, exit bear trades – you know the drill. Your move, mister market.
Video Of The Day: Queen’s Court – XLV Stock Breakdown
On today’s Queen’s Court, coaches Emily and Matt have a discussion on a Stock Breakdown on XLV.
Chart of the Day: S&P 500 ($SPY)
Brace for a battle between the 20-day and 200-day moving averages.
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.
The Coaches Show Replay
If you missed last night’s episode where Coach Tyler Craig discussed Risk Management Best Practices 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 only Matt and Tim can deliver.
Trade Masters 7:00 PM EST
Every Wednesday at 7 PM EST join us on the Trade Masters where two Coaches go head-to-head to see who can find the best trading setup.
Trading Justice 504: Why Stocks Beat Inflation
In this episode, Mark and Matt are joined by Coach Tyler Craig from Tackle Trading. Coach Tyler wrote a recent article on Tackle Trading titled“Why Stocks Beat Inflation”.
Tyler joins the podcast to discuss the topic and share many facts surrounding stocks and inflation. Inflation has definitely been the storyline in 2022 and Tyler brings an interesting perspective.
Listen to this episode in the player below.
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 for15-days absolutely freewith no strings attached and let us show you what your trading has been missing.
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.