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

April 15, 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: 💣 Stock Market Slides Amidst Banking Sector Earnings 🔻 💣 Cathie Wood's ARK Venture Fund invests in OpenAI 🤖 💣 Video: How to do an Options Trade on SMCI 📹 Markets At A Glance🔎 As of April 15, 2024, 11:15 PM MST Treasure Hunting Climate 📈 Last week, new inflation concerns took center stage for the markets. The CPI reading put fresh doubts on the Feds approach to cutting interest rates throughout the rest of the year. Sprinkle in some fresh geopolitical concerns and you had a recipe for the market to see some selling. As I'm writing this, the S&P 500 is trading right at its 50-day moving average and was able to close above that level Friday. Friday's close marked 110 straight sessions of the S&P 500 closing above the 50DMA. Pretty impressive run these last few months, and it is always good to remember "pullbacks" are healthy and necessary for the financial markets. Finally, when the market goes into "pullback mode" we start looking for areas where it might try to gain a foothold and we adjust accordingly. We like to step back, clean-up our watchlists, and look for fresh opportunities once we see things turning around. We still are proceeding with caution and will continue with a defensive mindset as the market is shaking out some of this profit taking. Happy trading! View From The Crow's Nest 👀 Stock Market Slides Amidst Banking Sector Earnings 🔻 Stocks fell Friday as tech stocks faltered and investors reacted to mixed banking sector earnings to start the earnings season. The Nasdaq Composite dropped 1.3%, the S&P 500 lost 1%, and the Dow Jones Industrial Average fell 0.9%, or over 300 points. Investors are focused on bank earnings and the potential impact of higher-than-expected interest rates this year. BlackRock's earnings kicked off the season, with shares down nearly 2% despite a 36% profit jump. [See Full Article](=) Cathie Wood's ARK Venture Fund invests in OpenAI 🤖 Ark Invest's Thursday email confirmed its investment in OpenAI through the ARK Venture Fund. The firm highlighted OpenAI's leading role in AI advancements, including the development of GPT and DALLE models. Wood's venture fund, launched in 2022, offers access to venture capital with investments in over 40 companies, including SpaceX and Epic Games. [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]( Upcoming Events 🗓 Live Event The Pirate's Ultimate 2-day Retreat April 18-19 This 2-day action packed event sold out in a week! Here's how you can still "be" in the room with us, virtually. Get your livestream ticket now while it's still available! [More Info](=) Small Account Mastery Series My $25,000 Bet On YOU! Learn how to take a small $10,000 trading account and "snowball" it into a 6-figure account that can fund the retirement of your dreams. Join the waitlist for SAMS 2024 to get all the details! [More Info]( Economic Calendar 🌎 Earnings Calendar 💰 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 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