Tackle Today: Stimulus deal is passed | Tackle Trading
By: Tackle Trading
Tags: Trading, Tackle Trading, Stocks, Investing, Stock Market

Traders,

Both the House and Senate passed a $900 million dollar stimulus package on Monday. The bill includes money allocated for direct payments of $600 (with income limitations), $300 per week of supplemental unemployment, $284 billion for the Payroll Protection Program, funding for vaccine distribution and $15 billion for U.S. airlines if they bring back furloughed employees.

It is a historic size — the 2 ndlargest in history — only trailing the CARES Act that was passed last year for over $2 Trillion. It is bigger than the American Recovery and Reinvestment Act of 2009 which came in at $831 Billion in 2009 in response to the financial crisis and Great Recession of 2008.

It is not the only story catching the attention of trader’s and investors, though. The newly identified Covid-19 strain out of the UK has the market trading mixed as we wait to see if the bulls can get the momentum back up and running again and attempt a breakout.

As a reminder, the stock market will close early on Thursday, and will not be open Friday due to the Christmas holiday. It will be interesting to watch price action this week. Join us live for our Lounge, Halftime Report or Coaches Show to learn from the coaches on how we’re approaching this market.

#TeamTackle

Chart of the Day AAPL Daily Chart

AAPL is up over +3.8% in trading Tuesday on reports the company is targeting 20204 to produce a vehicle with its breakthrough battery technology.

Video of the Day Trading Concept Check: Targeting Techniques

In the S.T.E.P. Trading System, a trader uses two profit targets. In this video tutorial you can watch and learn how Coach Noah sets those targets on an example Bullish Retracement pattern.

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