[Market Outlook] How To Trade A Taxing Market

[Company Logo] How To Trade A Taxing Market Last week investors were whipsawed with financially and emotionally taxing news and price action. Yes, I'm referring to the news of President Biden proposing a doubling of the capital gains tax. The market reaction was swift, decisive, and ugly, but as you'll read below, there was a silver lining. [image] And the capital gains tax news was just the beginning… - Goldman Sachs released a note saying the "reopening trade has peaked." Some areas of the market seem to agree, but others do not. - Bitcoin certainly "peaked" with the biggest reversal and selloff since it was trading around $5,000, but there are indications that it may be time to get bullish. - According to Factset, 25% of S&P 500 have reported earnings with 84% beating their earnings estimates and 77% beating their revenue estimates. While this sounds like good news, it may not be. We'll find out soon as this coming week is one of the busiest of earnings season. - The market's rebound from the capital gains tax hike news led to an interesting division between the assets and indexes that recovered and those that didn't. - And there's more! The SPY, QQQ and IWM didn't close substantially higher or lower, but… If you're listening to the message of the market, last week's price action has an important message that may reveal what to expect in the coming weeks. And… If you were listening to Mish's MMM Premium trade alerts last week, you were handed a beautiful trade in TAN that was as easy as gently scooping a goldfish out of its one-quart bowl when nobody's looking! Mish jumped on TAN early in the week, and by Friday it had rallied so much that it found itself on our "Biggest 5-day Movers" scan. As a result, the trade already has a 10% gain in a week, which TAN closed up 6%. The trade is worth reviewing, and it looks like it has the potential for more upside, so we'll take a look at that too. As you can see, there's a lot to unpack this week. Click below to continue reading and for this week's charts and market highlights [Click here for the Free Analysis]( [Click here for the Premium Analysis]( Best wishes for your trading, Geoff Bysshe President MarketGauge Get more - follow us here... Twitter [@marketgauge]( and [@marketminute]( and [Facebook]( To stop receiving this go [here.]( Got Questions?Office hours 9-5 ET (New York time) Email: info@marketgauge.com Live Chat: Go to bottom right corner of our [home page.]( Call: 888-241-3060 or 973-729-0485 There is substantial risk of loss associated with trading any securities including and not limited to stocks, ETFs, futures, and options. Only risk capital should be used to trade. Trading securities is not suitable for everyone. No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. To [unsubscribe or customize your email settings]( go here "Market Intelligence at a Glance + Tools For Serious Traders" [Unsubscribe]( MarketGauge.com 70 Sparta Ave, Suite 203 Sparta, New Jersey 07871 United States (888) 241-3060