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

October 7, 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: 💣 September Jobs Report Exceeds Expectations 🤩 💣 Rivian Shares Drop 6% After Lowering 2024 Production Forecast 📉 💣 Video: The Bull Call Matador: A Defensive Call Options Strategy 🐃 Markets At A Glance🔎 As of October 7, 2024, 10:20 PM MST Treasure Hunting Climate 📈 Tuesday the market flashed some weakness, but then crawled its way back to end the week with the bulls making a push. The S&P 500 didn't get back to its all-time highs from the end of September, but that will be the next level we want to see the major index clear to keep showing strength. (Higher highs will confirm the technical uptrend) As a reminder, October has historically struggled in election years and we can't help but have that in our thoughts. We also have earnings season upon us which can add volatility. This week could give us an idea if the shorter-term bullish trend will try to resume or if some weakness and indecision starts to rattle the markets. We will keep our positions moving forward at this point, but starting to build more of a defensive mindset going into earnings season. Have a great week!! View From The Crow's Nest 👀 September Jobs Report Exceeds Expectations 🤩 The US labor market added 254,000 jobs in September, surpassing the 150,000 projected by economists. Unemployment also dropped unexpectedly, signaling a stronger-than-expected labor market. [See Full Article]( Rivian Shares Drop 6% After Lowering 2024 Production Forecast 📉 Rivian shares fell over 6% after delivering fewer vehicles than expected in Q3 and lowering its 2024 production forecast. The company blamed the reduced target on a component shortage affecting its R1 vehicles and commercial van. [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]( The Election Year Money Press Income Blueprint Join us for a free one time webinar where we will cover how the Money Press Method turns market chaos into consistent weekly income and more. [Register Now](=) Economic Calendar 🌎 Earnings Calendar 💰 Video of the Week 📹 Discover how the "Bull Call Matador" offers a more forgiving entry point, boosting trade profitability when your timing is less than perfect. By combining the buying and selling of calls, this strategy not only reduces risk but also lowers your cost to start. [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 & Crew PS> If you're ever in town, make some time to swing by the Land Office to say Hello.. and we'll show you around! [Unsubscribe]( Traders Edge Network 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190