May 6, 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! Hereâs what we got on deck for you today: ð£ Apple's $110 billion Share Repurchase Plan ð± ð£ U.S. Job Growth Falls Short, Unemployment Hits 3.9% ð ð£ Video: Chart Patterns I Use To Trade The Money Press ð¸ Markets At A Glanceð As of May 6, 2024, 8:11 AM MST Treasure Hunting Climate ð Welcome back!! Last week, we talked about the markets building a short-term 'technical uptrend'... and how we started adding back into our bullish positions. We saw the market finish the week with strength and that momentum has followed through into today's price action. We were wondering if the April drop would turn into the 10% "correction", but with the markets firming last week (and into this week) it is looking more and more like we may have avoided that for now. We will keep watching this uptrend unfold and closely watch how the market reacts as we reach levels of resistance. If we can keep pushing through those levels our bullish sentiment will continue to grow stronger. Hope this helps for now and we will see you next week! View From The Crow's Nest ð Apple's $110 billion Share Repurchase Plan ð± AAPL is ablaze today, ramping up their game by boosting dividends, expanding share buybacks, and casually dropping hints about AI initiatives with something along the lines of, "Hey, we're dabbling in AI too." And when it comes to Apple, just a quick glance at their quarterly sales surpassing $90 billion is enough to leave you in awe. Crunching the numbers, that breaks down to approximately $1 billion in sales every 24 hours. A billion bucks a day. Witnessing this phenomenon unfold is quite something, isn't it? [See Full Article](=) U.S. Job Growth Falls Short, Unemployment Hits 3.9% ð April saw the U.S. economy adding fewer jobs than anticipated, coinciding with a rise in the unemployment rate. This development has sparked optimism regarding potential interest rate cuts by the Federal Reserve in the near future. [See Full Article](=) Happenings At The Land Office ð What better way to embrace the springtime vibes than with a BBQ at the Land Office?! We fired up the grill and indulged in some mouthwatering Wagyu hotdogs all thanks to Preston! 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 ð 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 ð Earnings Calendar ð° Video of the Week ð¹ Brandon, one of Trader's Edge Network's lead mentors, discusses how he looks at chart patterns to find Money Press opportunities. Learn how Brandon uses the main movements of a stock to determine what trades he wants to jump into. [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
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