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

August 19, 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: 💣 Rivian Shares Drop 4% Amid Supply Chain Shortage 🔽 💣 Consumer Sentiment Rebounds After Five-Month Decline 📈 💣 Video: How To Start A Money Press Trade | Step By Step ✍ Markets At A Glance🔎 As of August 19, 2024, 10:50 AM MST Treasure Hunting Climate 📈 Welcome to a new week of trading and investing! The market continues to bounce off of the August 5th lows (the day of the massive global sell-off) and keeps flashing more and more bullish signs. The S&P 500 and the Nasdaq have pushed above their 50 Day Moving Averages and have seen steady bullish action these last two weeks. We are feeling more confident in the recent bullish momentum, but with the market being up 9 out of the last 11 trading days, we are looking for a little breather/profit taking to hit at some point in the near future. In short, we are feeling a bit "over stretched" to the upside here. If we see a few days of a dip/pullback, it could set us up nicely for some new positions. Fed Chair Jerome Powell will speak Friday morning in Jackson Hole, Wyoming at the annual economic policy symposium which could add some volatility to the markets. Next week, NVDA's earnings will most likely be the main focus of the markets. NVDA reports Wednesday the 28th after the close. See you all next week! View From The Crow's Nest 👀 Rivian Shares Drop 4% Amid Supply Chain Shortage 🔽 Rivian has paused production of Amazon delivery vans due to a parts shortage, causing shares to drop 4%. The production halt is the latest in Rivian's ongoing supply chain challenges, similar to other EV makers facing supplier shortages. [See Full Article](=) Consumer Sentiment Rebounds After Five-Month Decline 📈 August's University of Michigan survey shows consumer sentiment rising to 67.8, the highest since June, beating expectations. Consumers' inflation expectations for the next year are at their lowest since December 2020. [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]( S.O.B Training Camp The Sleepover Bandit strategy leverages time decay from Thursday into expiration Friday. These are quick trades that can deliver some solid gains in your favor. I'll guide you through my routine of screening and finding potential trades, letting you peek over my shoulder. [Join Waitlist!]() 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