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

September 16, 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: 💣 US Stocks Surge as Hopes for Major Fed Rate Cut Rise ⬆️ 💣 Boeing Workers Strike After Rejecting New Labor Contract 🛩 💣 Video: How to Lock in Gains: Top Techniques for Profitable Trades 🤑 Markets At A Glance🔎 As of September 16, 2024, 10:50 AM MST Treasure Hunting Climate 📈 All eyes will be on the Federal Reserve this week as they announce any rate decisions on Wednesday. The markets are expecting at least a 25 basis point cut, but some are being hopeful on a "less likely" 50 basis point cut. This would be the first interest rate cut since early 2020. The timing of this meeting is following a strong week for the broad markets. The Nasdaq had its best week of the year, popping up about 6%. The S&P 500 also had a great week gaining 4%. We are watching the S&P 500 as it nears its August and July all-time highs where it could face some potential resistance. The market continues to build more of a bullish case for itself, but we are still expecting some volatility these next couple of weeks. Some are thinking Wednesday's rate decision could lead to a "sell the news" type of move, but time will obviously tell. We also will see some fresh data on retail sales on Tuesday that will give some insights on the strength of consumer spending. Earnings from Fedex on Thursday (after the close) will also give some insights on the state of the economy and spending. All to say, it should be quite the entertaining week! See you next week! View From The Crow's Nest 👀 US Stocks Surge as Hopes for Major Fed Rate Cut Rise ⬆️ Stocks are gaining ground as the market reconsiders the likelihood of a half-point rate cut by the Federal Reserve. Previously, the chance of a significant policy shift seemed slim due to recent inflation and jobs data. [See Full Article]() Boeing Workers Strike After Rejecting New Labor Contract 🛩 Boeing's factory workers walked off the job just after midnight on Friday, halting production of the company’s top-selling airplanes after rejecting a new labor contract. This strike is a significant setback for Boeing, which has been working to increase production and recover its reputation following recent safety issues. [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 📹 See how Preston's "right-hand" man, Mike Curtis, sells calls on a long call position and takes advantage of a pullback. Take a deep dive into his NFLX trade he go into and how he "locks in" profits. [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