🏴‍☠️ The Pirate's Weekly Buried Treasure Bulletin - 1/29/24

January 29, 2024 Dear , Welcome to The Pirate's Weekly Buried Treasure Bulletin. Your one stop shop for all things finance. Picture our newsletters as the GPS for your investment journey – direct, efficient, and available in your inbox every week. Here’s what we got on deck for you today: 💣 Recent Money Press Trade 💸 💣 Why it's a BIG week for the stock market 🤯 💣 Mike's Indices Outlook 👀 Quick Glance 🔎 As of January 29, 2024, 2:45 PM MST Recent Money Press Trade💸 [This trade was placed on Friday, January 26th] Hear ye, Hear ye... With ISRG trading near the $372 area, I'm doing the following new Money Press: Selling next week's ISRG $372.50 puts, and Buying the ISRG May $360 puts for the protection I'm doing this now! --P PS> I should have maybe sold next week's $375 puts, but either is good! WANT MORE TRADES LIKE THIS? Receive Preston’s Live trade Updates - As they happen 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. [LEARN MORE]() BIG Week Ahead For The Stock Market🧐 Here's everything you need to know to navigate the stock market this week: - Mega-cap Earnings: Earnings results from tech giants Microsoft and Alphabet kick off the week's frenzy on Tuesday. Investors are eager for insights on the impact of artificial intelligence on their businesses in 2024 and beyond. Thursday sees tech titans Apple and Amazon releasing their fourth-quarter results. - Can't forget about the Fed meetings: Wednesday brings the Federal Reserve's interest rate decision and a speech from Chairman Jerome Powell. While rates are expected to remain unchanged, Powell's comments on future rate cuts will be closely scrutinized. Market expectations for rate cuts in 2024 differ significantly from the Fed's guidance, creating uncertainty. - Jobs Reports: Friday concludes with the release of the January jobs report and an update on the unemployment rate. Forecasts predict job additions and a steady unemployment rate; strong data could affect the Fed's rate cut timeline. [See Full Article]() Indices Outlook 👀📈 To start the week, the major indices have all seen continued buying. The Nasdaq is leading the way after the buying paused slightly to end the week. In the Fogcutter last week, we talked about anticipating a slight break in the buying surge at some point, but the market didn't take much time off at all! Earnings will be the major deciding factor this week. Of the "Magnificent Seven", five of those titans all report earnings this week. (Alphabet, Microsoft, Amazon, Apple, and Meta) Those five companies collectively make up over 21% of the S&P 500 weighting, so we can count on some movement based on their earnings and outlook. Our plan here is to continue to ride this wave, be careful trading around earnings, and look for opportunities as short-term pullbacks and profit taking occur. We hope you have an amazing week! Mike Curtis Want more market insights? Join our Mastermind Group Get exclusive access to weekly webinars with Mike Curtis (a.k.a. “Right-hand Mike” or Mentor Mike) and other guest Mastermind contributors! Training videos and fresh ideas fill the membership site along with our MMP Forum to chat with others in the group, Lee, and our staff! [Learn More]( Mumsy's Meme of the Week 😂 Coming Up MASTER INCOME TRADERS Learn how I turned $150K into $1.1 million and became a millionaire trader. 8 Elite Interactive, Training Sessions w/ Preston James! (+ 1 "Bonus" Session) - Webinar Replays! [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](=) Treasure Trove Tidbits: Top headlines in a glance 💰 [Amundi, a top asset manager, predicts a 2024 downturn for 2023's top stocks amid expectations of a mild recession](, advising investors to reduce exposure to hyper-growth stocks like those in the Magnificent Seven. [Big pharma giants, including Bristol Myers Squibb, Merck, and Johnson & Johnson, are at risk of losing tens of billions in sales by 2030 due to patent expirations,](=) allowing competitors to sell cheaper generic versions of their drugs. However, some companies seem ready to mitigate these losses. [Cathie Wood's Ark Invest swiftly purchased Tesla (TSLA) stock after its worst percentage loss in over a year, acquiring a total of 360,411 shares](=) across Thursday and Friday, worth millions of dollars, despite Tesla's earnings miss and projections of slower growth until 2026 or later. GET YOUR COPY TODAY! Is an extra $3-5k per month keeping YOU from being able to retire right now? If so, you need to see this... [DOWNLOAD PDF]() Video of the Week 📹 Mentor Brandon dives deep into the fascinating world of the Money Press trading strategy. The Money Press is not your typical week-to-week trading approach; it's a longer-term game, spanning 3 to 4 months. He'll discuss how to navigate the highs and lows of stock movements and the art of adjusting the short positions by moving them to the next week. [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 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190