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

September 23, 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: 💣 FedEx Stock Plummets 15% After Disappointing Earnings 🔻 💣 US Stocks Fall as FedEx Earnings Dampen Rate-Cut Optimism 😬 💣 Video: Why The Money Press Works 💯 Markets At A Glance🔎 As of September 23, 2024, 10:00 AM MST Treasure Hunting Climate 📈 The Federal Reserve surprised most people with a 50 basis point cut on Wednesday. This news initially had mixed reactions on Wednesday, but then Thursday the markets surged. Interest rate cuts are historically good for economic growth (driving consumer spending) and bullish for the stock market. The S&P 500 and the Dow pushed to new all-time highs following the Fed, but the Nasdaq still has a ways to go to get to the highs set in July. These last two weeks have shown tremendous buying and the indices have covered a lot of ground. Most technical indicators are showing we are in a short-term "overbought" situation, but news and policy shifts like we saw last week can really spark the markets to go to extreme levels. Even though the short-term is looking a bit extended, with the S&P 500 clearing the previous highs it is now back to a technical "uptrend". We mentioned last week that the markets continued to flash bullish signals and this is just another example of that. If the market does give us a little pullback from the recent buying, it could give us a really nice entry point for new bullish positions. Happy trading! View From The Crow's Nest 👀 FedEx Stock Plummets 15% After Disappointing Earnings 🔻 FedEx stock dropped nearly 15% Friday after a worse-than-expected quarterly earnings report, signaling concerns about the US economy. The company posted profits of $892 million, 24% below forecasts, and lowered its earnings outlook to $20-$21 per share. [See Full Article]() US Stocks Fall as FedEx Earnings Dampen Rate-Cut Optimism 😬 US stocks slipped from record highs Friday as rate-cut excitement faded and FedEx earnings provided a reality check. The S&P 500 fell 0.2%, the Dow edged lower, and Nasdaq dropped 0.3%. [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]( The Pirate's Ultimate Retreat Join via livestream! Join us for 2 days of live trading, strategies, and expert insights! Discover my top strategy for 2024, join exclusive live trading sessions, and learn from our all-star panel of mentors. [Learn More](=) Economic Calendar 🌎 Earnings Calendar 💰 Video of the Week 📹 Preston explains some of the power behind the Money Press. In this video you will see how being a weekly option seller stacks the math in your favor! We ALWAYS want protection… see why! [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