🏴‍☠️ The Pirate's Weekly Buried Treasure Bulletin - 1/22/24

January 22, 2024 Dear , Welcome to The Pirate's Weekly Buried Treasure Bulletin. Your one stop shop for all things finance. Picture our newsletters as the GPS for your investment journey – direct, efficient, and available in your inbox every week. Here’s what we got on deck for you today: 💣 10 years of Stock Market Activity - Why The Money Press Works Consistently 📈 💣 SMCI: Investors Left Speechless by One-Day Price Action and Volume 🤯 💣 Doubts Rise on Federal Reserve's Rate Cut Plans ✂️ Quick Glance 🔎 As of January 22, 2024, 12:30 PM MST 10 Years of Stock Market Activity 📈 Some of us are more visual thinkers compared to others. If this is you, feast your eyes on this graphic from the fine folks over at: [www.chartr.co]( They plotted the stock market for the last 10 years, and turned it into a clever and unique graph... Each little dot represents a stock market session! As you can clearly see, the bulk of dots/stock market days are moves of 1% or less in either direction (these are the dots found in the middle between the 2 vertical lines). Far less days are 2% moves in either direction, and then there's the outlier days, some super bullish and some super bearish. I think it's important to sear this graphic into our brains, why? Because it's the very reason why the Money Press is such a consistent, go-to strategy for us! WANT MORE INSIGHTS LIKE THIS? Receive Preston’s Live trade Updates - As they happen 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. [LEARN MORE]() SMCI: Investors Left Speechless by One-Day Price Action and Volume 🤯 Super Micro Computer (SMCI) Rockets as Q2 Outlook Boosts Revenue to $3.6 Billion, AI Surge Continues - SMCI stock skyrockets by 35.9%, closing at $423.36, breaking out of a 6-month consolidation pattern and receiving price-target increases from analysts. - Rosenblatt Securities increases its price target to $550, highlighting Supermicro's significant share in the AI data center market. - SMCI stock is featured on the IBD 50 and Tech Leaders lists, further solidifying its position in the tech sector. [See Full Article](=) Indices Outlook 👀📈 Welcome back! This market continues to impress! Wednesday of last week (the 17th) the markets rallied off of their lows and finished the day near the highs for the session. This price action and intraday reversal showed the bulls coming in with a fresh buying appetite. We saw that buying continue into Thursday and Friday as the markets surged to fresh 52 week highs. Setting these new highs also kept the uptrend intact as we broke above recent resistance levels set in late December and mid-January. This bullish action seems to be setting up for a continued move higher, with undoubtedly some short-term profit taking in the mix. We wouldn't be surprised to see the market take some sort of short-term breather, but with how things have been, our guess is the bulls will still be chomping at the bit to find a fresh reason to buy. Be sure to keep your eyes on the earnings calendar and we will watch to see if earnings can continue to spark this rally. Happy trading out there! Mike Curtis Want more market insights? Join our Mastermind Group Get exclusive access to weekly webinars with Mike Curtis (a.k.a. “Right-hand Mike” or Mentor Mike) and other guest Mastermind contributors! Training videos and fresh ideas fill the membership site along with our MMP Forum to chat with others in the group, Lee, and our staff! [Learn More]( Mumsy's Meme of the Week 😂 Coming Up Portfolio Margin Secrets Briefing Learn how I turned $150K into $1.1 million and became a millionaire trader. 8 Elite Interactive, Training Sessions w/ Preston James! (+ 1 "Bonus" Session) - Webinar Replays! [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](=) Doubts Rise on Federal Reserve's Rate Cut Plans ✂️ Market Speculation Grows as Federal Reserve's Rate Cut Confidence Wavers - Two significant economic reports this week, Q4 GDP and PCE price index, could sway central bank policymakers' decisions and market reactions. - As of Friday, fed funds futures indicate little chance of a rate cut in the Jan. 30-31 meeting, with odds for a March cut sliding from 81% to 47.2%. - Strong consumer spending and positive jobless claims data contribute to the shift in sentiment, reducing expectations for rate cuts. [Full Article Here]( GET YOUR COPY TODAY! Is an extra $3-5k per month keeping YOU from being able to retire right now? If so, you need to see this... [DOWNLOAD PDF](=) Is the Bull Market Ready to Charge Forward? The S&P 500 closed at a new high, signaling a potential entry into a bull market, with the Dow Jones and Nasdaq also posting significant gains. This follows a recent surge in major tech stocks driving the market's resurgence despite global geopolitical unrest and domestic political challenges. Video of the Week 📹 Watch Preston's right-hand man, Mike Curtis, show you the different options you have to adjust your positions when a big up move occurs on a stock. Learn how to reset your Money Press trade when this happens to see how you can continue to make a profit in the future! [Watch Now]() I hope you enjoyed this week's edition of "The Fogcutter". You can expect this in your inbox every Monday. Have a great week! - Preston [Unsubscribe]( Traders Edge Network 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190