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

October 21, 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: 💣 Netflix Hits Record High of $760 After Crushing Q3 Earnings 🚀 💣 CVS Replaces CEO Karen Lynch Amid Investor Pressure 😬 💣 Video: Master The Money Press Strategy 🤓 Markets At A Glance🔎 As of October 21, 2024, 1:00 PM MST Treasure Hunting Climate 📈 Last week, we saw the markets take a little bit of a pause, but still notch an impressive 6th straight week of gains. Just as we have pointed out in the past, the S&P 500 and the Nasdaq continue to hold their technical uptrends, but the bulls may be pausing to catch their breath here. A slight break and some profit taking was most likely needed after the run that the bulls made in the first half of October. This type of pause/profit taking is common after several straight weeks of new all-time highs. With earnings season upon us, some of the large companies reporting will continue to drive the narrative. So far, earnings season has been mostly upbeat. We've seen 83.1% of companies report an "earnings beat" so far. With the election only two weeks away we may see the markets exercise some caution heading into November 5th as well. All to say, we are enjoying the bullish trend while understanding the earnings/election drama can always rattle investor's confidence in the blink of an eye. Happy trading! View From The Crow's Nest 👀 Netflix Hits Record High of $760 After Crushing Q3 Earnings 🚀 Netflix (NFLX) shares surged over 10% on Friday to a record $760 after beating Q3 EPS and revenue estimates. Growth was driven by initiatives like its password-sharing crackdown, ad-supported tier, and last year’s price hikes. [See Full Article](=) CVS Replaces CEO Karen Lynch Amid Investor Pressure 😬 CVS Health replaced CEO Karen Lynch with veteran David Joyner after investor pressure to boost its stagnant stock. The company withdrew its 2024 forecast and issued a weak Q3 outlook, sending shares down 7% on Friday. [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 Pirate's Ultimate Event Join Via Livestream! The event may be sold out but there is still a way to be in the room! The 2-Day Pirate Retreat Events are jam-packed, “how-to” events that super-charge your trading. [Register Now](=) Economic Calendar 🌎 Earnings Calendar 💰 Video of the Week 📹 Discover how Preston sells weekly calls when the stock market goes through patches of volatility. Learn more about the similarities between ETF's and stocks, and how you can take advantage of the market cycle turning higher! [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