Ahoy there Trader! ⚓️
It’s Phil…
Despite an otherwise quiet week of sideways market movement, today’s market open brought a welcome jolt. The SPX “Tag ‘n Turn” Income System secured a 93.3% return since Monday, proving that patience and precision pay off even in the most listless market conditions.
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The SPX market gapped down this morning, perfectly aligning with my income strategy and locking in a profitable week. This marks another solid win for the “Tag ‘n Turn” system, a testament to its ability to navigate even the quietest trading days.
- Performance Recap: A strong 93.3% return since Monday.
- Market Mood: A week marked by sideways movement and a quiet grind.
What’s Next:
- Watching for a dip into the bullish reversal zone.
- Planning to load up on short-term and long-term income swing trades if conditions align.
- Alternatively, a long weekend might be calling my name. ️
Fun Fact
Did you know? The S&P 500, despite being a US index, has about 40% of its revenue generated from outside the US. This global reach makes it uniquely sensitive to international market trends, not just domestic ones.
This means that while it’s easy to think of the S&P 500 as a purely American financial barometer, it’s actually influenced by a complex web of global economic factors. Earnings from Europe, Asia, and beyond can impact the index just as much as domestic earnings reports. So, when trading SPX, it pays to keep an eye on global economic news.
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece