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

May 20, 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: 💣 Treasure Hunting Climate Insights From "Right-hand" Mike 🔎 💣 Investment Strategists Boost Their S&P 500 Target 🚀 💣 The Beast in the Forest - NVDA 🙀 Markets At A Glance🔎 As of May 20, 2024, 1 PM MST Treasure Hunting Climate 📈 The bulls had another great week in the market! We saw all the major indices continue their bullish trends and push through to new all-time highs. The Dow Jones closed for the first time above the 40,000 mark which emphasized the strength we've seen in May. For some perspective, May 1 the S&P 500 closed at 5,018. Today (Monday, May 20th) it opened at 5,305... almost a 6% gain for May alone. Hopefully none of you followed the old adage of "sell in May and go away" and you've participated in this bullish push over the last two and a half weeks. After a strong run higher like this, we are watching for signs of momentum slowing and any reversal indicators to make slight defensive adjustments to our portfolio... but until those happen we just keep riding the bullish wave! See you next week!! View From The Crow's Nest 👀 Investment Strategists Boost Their S&P 500 Target 🚀 Morgan Stanley's Chief Investment Officer, who previously had one of the lowest S&P 500 year-end targets, has now revised his forecast. He predicts the S&P 500 will reach 5,400 in the next 12 months, up from his earlier estimate of 4,500. This suggests a 2% increase, driven by rising earnings despite falling valuations. [See Full Article]( The Beast in the Forest - NVDA 🙀 Tech Investors believe Nvidia is still undervalued and can rise after its earnings report. Despite its surge, Nvidia remains about 15% below the five-year P/E average, suggesting potential upside after Wednesday's results. [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 🗓 The Secrets Of Trading A "Small Account" ONLY 150 FREE SPOTS AVAILABLE! Discover how every summer, hundreds of traders join me as I open a new $10,000 account and trade it LIVE for 10 weeks, showing how much it can grow! [Register Now](=) Economic Calendar 🌎 Earnings Calendar 💰 Video of the Week 📹 Unveil the powerful "Bull Call Matador" strategy – your key to unlocking the explosive upside potential on stocks like NFLX and TSLA, even when timing isn't on your side. Discover how the "Bull Call Matador" offers a more forgiving entry point, boosting trade profitability when your timing is less than perfect. [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