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

April 29, 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: 💣 Mike's Indices Outlook 🔎 💣 Preston's Insights on Google's Big Announcements 📣 💣 Video: Adjustments on Market Pullbacks 🔧 Markets At A Glance🔎 As of April 29, 2024, 12:00 PM MST Treasure Hunting Climate 📈 If you've ever wondered what a volatile stretch in the markets looks like, just take a peak at last week! (slow exhale...) Fueled by earnings and more inflation news, we saw the Nasdaq and S&P 500 bounce around and eventually snap their three week losing streak. Thursday's price action seemed to be the most significant. We started the day with the futures selling off and a very weak open across the board, only to see the bulls take control and push the markets firmly off of the lows. That intraday rally carried bullish momentum into Friday. So what does all of that mean? From a technical perspective, Thursday's price action can be considered a "higher low" for the indices. Also, Friday's price action went above the high point from Wednesday, setting a "higher high". In the short term, this technical price action is looking bullish. We get the sense that the market might be trying to shake off the recent pullback and make a new push higher. Like always, we watch volume closely and look to see if anything else might cause the markets to stumble, but we started slowly adding more bullish positions at the end of last week as we saw the action unfold. Hope this insight helps a bit for now! See you next week! View From The Crow's Nest 👀 Google shook the ground late last week with two huge announcements across the newswires: 1) The announcement of starting to pay a dividend for the first time in its history, and 2) A $70 billion stock buyback program! (just stop and think right there, that's the size of 10 brand new nuclear powered, Nimitz class aircraft carriers?!?!) Google announced the above as they announced their earnings and guidance after last Thursday's close (April 25th). Wow. This is simply huge news... I've been sitting with it ever since! Also, a Google dividend is something I've been predicting for some years now. And my next prediction? That Amazon won't be far behind! Given Amazon's dominance and their AWS positioning and capabilities (and a host of other factors)... they won't be far behind Google when it comes to paying out a dividend, just watch! And after all, Apple and Microsoft have paying regular quarterly dividends for many years now, it's just something leading companies with massive cashflows do! The Google dividend and massive stock buyback aside, let's talk about some other takeaways from Google's surprise news on Thursday. I see it as a two-fold reality: 1) Starting with the biggest impact: Google's earnings and guidance prove how dominant their positioning with AI is.(with the recent drumbeat of AI hype, there's been a growing number of rumors/speculation/uncertainty that perhaps Google was losing out to newer and more nimble AI companies... yet Google is shining brighter on this front than ever) 2)And also this: the fact Google has now crossed over to being a more mature "legacy" type of technology company. Paying a dividend and all. And while it's not much at $.20 cents per quarter... solid companies like Google will only increase this payout over time. All to say, I noticed last Friday (the first day the crowd could react to Google's surprise news announcements) how other legacy tech names like Oracle (ORCL) responded to Google's news. It's almost like Google put other technology names on notice saying: "Y'all better keep paying your dividends and buy back billions of your shares like we are!" Over all competition is healthy thing, maybe the best thing. And also this: Google could very well be an upcoming Money Press trade candidate for us! --P [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 📹 We've got you covered on what to do when the market experiences a pullback, focusing specifically on a past Airbnb Money Press position. Learn how to make smart adjustments to your Money Press position during these volatile times. [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