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

August 5, 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: 💣 Nvidia Sinks 3% As Chip Stocks Take Another Hit 💥 💣 Disappointing Jobs Report Leads To Market Correction Territory 😬 💣 Video: Adjustments On Market Pullbacks ($ABNB Example) 📉 Markets At A Glance🔎 As of August 5, 2024, 11:50 AM MST Treasure Hunting Climate 📈 We start the week with an intense global sell off. The weakness from the last few weeks continues to build. The S&P 500 was approaching the 10% correction level and the Nasdaq has now blasted well below that level. In times like these we stay very defensive, build hedge/defensive positions, and start eagerly looking for opportunities. It is a great time to update your watchlists. We love to get ready for when the correction ends and we can find some prime treasure hunting waters again!! See you next week! View From The Crow's Nest 👀 Nvidia Sinks 3% As Chip Stocks Take Another Hit 💥 Nvidia (NVDA) fell 3% on Friday, while Intel (INTC) plunged over 27%, leading a broad decline in chip stocks as markets tumbled after a weak jobs report. The Nasdaq entered correction territory, down 10% from its recent high. [See Full Article]( Disappointing Jobs Report Leads To Market Correction Territory 😬 US stocks tumbled on Friday after the July jobs report showed a cooling labor market, raising fears of a recession due to the Fed's prolonged high interest rates. The Nasdaq Composite (^IXIC) dropped 2.9%, falling into correction territory, more than 10% below its early July high. [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 📹 We've got you covered on what to do when the market experiences a pullback, focusing specifically on an 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