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

July 1, 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: 💣 New Inflation Data Raises Hope For Fed Rate Cuts ✂️ 💣 Nike Stock Plunges After Sales Warning 📉 💣 Pro Tip Video: Creating And Rolling A Money Press 🤑 Markets At A Glance🔎 As of July 1 , 2024, 9:10 AM MST Treasure Hunting Climate 📈 Welcome to the official start of the second half of the year! On a quick note, the market closes early on the 3rd and will be closed for the 4th of July. So we are facing a holiday shortened week, just to keep that in mind. The markets pushed to new highs last week, but couldn't maintain those levels for long on Friday. From a technical standpoint, the Nasdaq and S&P 500 have maintained their uptrends. However, the momentum to the upside (measuring the "higher-highs") seems to be slowing some. Like we mentioned last week, we are starting to see some signs of weakness and this further supports some of that thinking. We continue to maintain our bullish posture, but starting to think more defensively as we see the bullish momentum slowing a bit. Happy 4th of July to you and yours!! View From The Crow's Nest 👀 New Inflation Data Raises Hope For Fed Rate Cuts ✂️ A new reading from the Fed’s preferred inflation gauge showed slower price increases in May, supporting potential rate cuts this year. Despite this positive sign, the Fed's need more evidence of sustained inflation reduction toward the 2% target, making a rate cut later this year more probable. [See Full Article]( Nike Stock Plunges After Sales Warning 📉 Nike shares plummeted nearly 20% on Friday after the retailer cut its full-year guidance, warning of a 10% sales drop this quarter due to weak sales in China and uneven global consumer trends. This projected decline is much steeper than the 3.2% analysts expected. [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]() Economic Calendar 🌎 Earnings Calendar 💰 Video of the Week 📹 Watch Preston enter a new Money Press trade on FSLR! Learn how to roll your weekly put option and how to adjust your Money Press trades to make the most profit! [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