≈ How will the market react? ≈
During this week’s podcast, Coach Matt, Tim, and Mark discussed the upcoming Presidential Election in the US and how the market may react if President Trump wins, Vice President Biden wins or if there is some type of contested outcome. The focus of traders this week will be on Corporate earnings, stimulus chatter, the technical charts, and the upcoming election. Whether the market has a strong reaction or not, we don’t know that yet, but as trader’s and investors it’s your job to assess risk, evaluate potential reward, determine probability (as best as you can) and then build a plan accordingly.
How are you trading this week in front of next Tuesday’s election? There are many appropriate answers to that question including ‘business as usual’ and the opposite ‘I’m moving to cash’. It is up to you to determine your trading plan based on your assessment of risk. But it is wise to build that plan outside of your own political leanings. It can be tough to remove politics from your investment thesis, but it is important to do so as best as you can.
Traders, and at Tackle Trading, we are a-political when it comes to markets. We assess the data and information from a market perspective. Listen in to this week’s podcast where we discuss the election from this perspective: https://tradingjustice.com/trading-justice-396-election-scenarios-and-market-implications/
Chart of the Day
Vipshop Holdings Limited
Vipshop Holdings Limited (Ticker: VIPS) is up +5.5% in early trading Tuesday. It is a candidate on this week’s Stock Report Bulls. Review the full report here: https://tackletrading.com/stock-report-october-24th-2020/
Video of the Day
Measuring Correlation Between a Stock and It’s Sector
Watch this segment from last week’s Halftime Report where the coaches teach how to measure correlation between a stock and its sector.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show 8:30 PM EST
This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
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Originally published at https://tackletrading.com on October 27, 2020.