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

August 26, 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: 💣 Fed Chair Powell Says It's Time For Rate Cuts ✂️ 💣 Nvidia Earnings And What To Expect This Week 🤔 💣 Video: Buying Stocks Vs. Buying A Call Option 🤑 Markets At A Glance🔎 As of August 26, 2024, 11:30 AM MST Treasure Hunting Climate 📈 Welcome back! As we mentioned last week, the market had felt over-stretched to the upside after the strong bounce off of the August 5th lows. We saw a little pause last week, as the markets didn't climb as strongly, but they still notched gains for the week. Thursday the bears controlled the price action just to bounce again on Friday... mainly in thanks to Powell's speech that confirmed interest rate cuts are coming. We have cleared many key levels (moving averages, resistance levels) these last three weeks that makes us feel more and more bullish. Wednesday after the close NVDA will announce earnings. As they have been the main driver of the AI craze this year, it will no doubt have a major impact on the week. We continue to build positions as we've seen more bullish signals unfold. Good luck out there! View From The Crow's Nest 👀 Fed Chair Powell Says It's Time For Rate Cuts ✂️ Fed Chair Jerome Powell delivered a clear message at the Jackson Hole symposium: "The time has come" to start lowering interest rates. He emphasized that the timing and pace of cuts will depend on incoming data and risks. [See Full Article]() Nvidia Earnings And What To Expect This Week 🤔 With most S&P 500 earnings reports in, one big one remains: Nvidia. Expectations for the AI-driven chip giant are high, with Wall Street predicting a 109% year-over-year earnings growth and a 99% revenue increase. [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 Now](=) Economic Calendar 🌎 Earnings Calendar 💰 Video of the Week 📹 Are you wondering whether to buy stocks or call options? In this video, we break down the key differences between buying stock and buying a call option to help you make smarter investment decisions. Learn how to leverage options effectively, maximize your gains, and understand the risks involved. [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 & Crew PS> If you're ever in town, make some time to swing by the Land Office to say Hello.. and we'll show you around! [Unsubscribe]( Traders Edge Network 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190