It's here! Enjoy this week's FogCutter...

April 22, 2024 Dear , Welcome to the FogCutter, a weekly treasure wire from Traders Edge Network. Each Monday we come into port, drop anchor and ready the sails! The FogCutter aims to guide you through today's perplexing market action and noise. Check out our view from the Crow's Nest, the quick-glance "Treasure Hunting Climate" and other direct and relevant bulletins for this week.. Chart your course for the coming week with this edition of the FogCutter! Here’s what we got on deck for you today: 💣 What To Look Out For This Week In the Stock Market 🔎 💣 Netflix Stock Plummets due to Revenue Forecast ⬇️ 💣 Video: How to Start Trading the Money Press 💸 Markets At A Glance🔎 As of April 22, 2024, 12:11 PM MST Treasure Hunting Climate 📈 Last week the broad markets continued their selloff. We saw the Nasdaq realize one of its worst weeks since 2022. After the strong bull run from the lows in October 2022, we knew the market was needing to go through some profit taking at some point. (we'd mentioned that many times the last month or so in this newsletter) Remember, a "market correction" is defined as a 10% drop from the top of the market. The S&P 500 is down around 5% as of today/Monday, April 22nd. We are closely watching to see if this drop will turn into a deeper move downward. We may see the markets continue lower to find that approximate 10% "correction" level or if this is a shorter lived "pullback" before the uptrend resumes. For now, we are still being defensive with our portfolios. We are definitely stretched to the downside and will analyze any bounce to see if it is a reversal or just a pause before more selling resumes. Hopefully these posts have been helpful so you can navigate weeks like these with a little more confidence! See you next week! View From The Crow's Nest 👀 What To Look Out For This Week In The Stock Market 🔎 Market rally at vulnerable point: S&P 500 drops below 5,000 for first time since February. Nasdaq Composite down over 5% on the week, while Dow remains flat. This week, economic growth, inflation readings, and Big Tech earnings will decide the market's course. Tech earnings reports disappointed last week, but expectations remain high for Meta, Microsoft, and Alphabet. [See Full Article]( Netflix Stock Plummets Due To Revenue Forecast ⬇️ Netflix (NFLX) stock dropped 9.6% on Friday after missing second-quarter revenue forecasts. The company also announced it would stop reporting quarterly subscriber metrics and average revenue per member. [See Full Article]() Mumsy's Meme of the Week 😂 WOW Insider Receive Preston's Live Trades and More! Gain exclusive benefits as a WOW Insider, including access to LIVE Friday morning webinars, 31+ training videos on Preston's option strategies, a member forum for Q&A, and updated trade journals. [Find Out More]( Free Resource LEARN HOW TO DO IT YOURSELF Head to the TEAM HUB for more options training. Learn the basics of options, how to setup an account, and place your first Money Press trade through the Onramp. [Go to T.E.A.M. Hub]() Upcoming Events 🗓 Small Account Mastery Series My $25,000 Bet On YOU! Learn how to take a small $10,000 trading account and "snowball" it into a 6-figure account that can fund the retirement of your dreams. Join the waitlist for SAMS 2024 to get all the details! [More Info]( Economic Calendar 🌎 Earnings Calendar 💰 Video of the Week 📹 Stella, one of one of our top mentors at Traders Edge Network, will walk you through how to start a Money Press trade! Learn how to choose the strike price, utilize a trade journal, and determine the max loss/profit of the trade. This step by step guide will help you start building your own Money Press trades! [Watch Now]() I hope you enjoyed this edition of "The Fogcutter". You can expect this in your inbox every Monday moving forward. Have a great week! - Preston [Unsubscribe]( Traders Edge Network 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190