Tackle Today: Stock markets are rallying | Tackle Trading
≈ Processing the election results so far ≈
As the US Election results continue to be evaluated and counted, the markets are up big across the board. Currently, we do not have clarity on the election, but we are seeing the rally in many sectors of the market in early trading. Healthcare, Communication Services, Technology, and Consumer Cyclical’s lead the way up +4.99%, +4.8%, +3.77% and +3.41% respectively.
Emotions are going to be high, and as a trader, it’s important to try the best you can to remove emotions and trade based on the information you have and the charts in front of you. As the market’s process the election results, and what they mean for potential policy moving forward, the best mindset is to trade what you see, or wait for more clarity for yourself personally.
Within the market itself, there will be winners and losers, for example UBER and LYFT are up big today, while FSLR is down. The ride sharing companies are benefiting from Prop 22 passing in California, and the Solar stock is down on the presumption the split congress between the Senate and House will not create the policy’s solar was looking for. It is going to be fascinating to watch specific companies, industries and sectors move over the next few days and weeks.
Join us for our programming to get real analysis of what is happening. Our Halftime report is live at 12:30 pm EST, we have a YouTube special tonight at 7:00 pm EST and we are holding a Tackle 25 Mastermind group at 8:30 pm. As we navigate some of these muddy waters, we’ll be there to share our insights with you so you can make the most informed decisions possible.
Chart of the Day
S&P 500 5 Min Candlestick Chart
As election results have come in the markets have been volatile through the last 24 hours. At the open on Wednesday, we’re seeing bullishness in a broad based rally.
Video of the day
7 Step Guide to Trading — Step 1
When approaching the markets, it’s best to start at the top, and work through your analysis one step at a time.
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.
Coaches Show Replay
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.
YouTube Special — Covered Calls
Join us for a special webinar with Coach Noah at 7 pm EST on Covered Calls
Cash Flow Condors MMG 8:30 pm EST
Join our monthly mastermind on how to trade the Cash Flow Condors System.
Financial freedom is a journey
Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.
Originally published at https://tackletrading.com on November 4, 2020.