Hey friend,
The latest Producer Price Index (PPI) data came in earlier this morning.
It showed a surprising 0.1% monthly drop – versus expectations of a 0.3% rise.
July’s numbers were also revised downward as well.
All this means more room for the Fed to cut.
If tomorrow’s CPI numbers come in cool as well, it might be all systems go.
The Daily Direction
Note: Indexes closed slightly higher yesterday – with the exception of the Russell 2000, which closed a bit lower. But they all opened higher today on the above news, with no changes in any index directions – which all remain upward.
The Daily Nugget
Going against the herd doesn’t just mean being contrarian.
Most traders already know they need to “go against the herd” to outperform the market.
But so many beginners think that going against the herd automatically means being contrarian…
To the opposite of what the herd is doing.
That’s a very dangerous belief…
One that will lead them to fight the market’s trends instead of using them…
And more often than not, result in them blowing up their account completely.
Going against the herd does NOT necessarily mean being contrarian…
And it does NOT necessarily mean going against the market’s trend.
Going against the herd can also look like focusing on the less popular “ignored” corners of the market.
That’s what Head Trader Ross Givens is recommending right now…
And in just a few hours at 3 p.m. Eastern later today…
He’s going LIVE to demo his strategy for targeting monster moves in these “ignored” corners of the market.
Moves like 163% in seven weeks… 177% in 11 days… and 148% in 2 days.
You see, all these monster setups had one thing in common…
A little-known chart pattern that appeared right before these stocks exploded.
And after Ross’ live demo later this afternoon…
You’ll know exactly what this pattern is – and how to immediately start using it in your own trading.
So click here to lock in your spot for Ross’ demo you haven’t yet…
And he’ll see you LIVE in just a bit at 3 p.m. ET.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
