Hey friend,
We got some import price data, which surprisingly came in far below expectations.
Manufacturing data also came in ahead of expectations.
Home builder confidence
In a couple hours, the Fed will release its “Beige Book” – a report of anecdotal information on current economic conditions.
Published eight times a year, it should give us a better picture on what’s going on “under the hood” of the American economy.
The Daily Direction
Note: All indexes closed higher yesterday and opened higher this morning as well – keeping all index directions in green.
The Daily Nugget
A lot of times, financial news is just backward rationalization.
The market moves first…
Then people scramble to explain it afterward.
The market drops 3%, and suddenly every headline is about why investors are worried.
The market rallies 3%, and now the same news is being framed as a positive catalyst.
To be fair, headlines do matter.
Many times, they really are the reason the market moves.
But many other times, they’re just the story attached after the fact.
That’s why price action matters more.
Because price is what people are actually doing with real money – not what commentators say they should be doing.
Headlines can help provide context.
But price tells you what the market has truly decided matters.
As Head Trader Ross Givens explained in his newsletter this morning…
While most traders were still focused on the major indexes, a clear breakout had already happened in a smaller pocket of the market.
In other words, the opportunity showed up in the price action first – long before it became an obvious story.
That’s why in just a few hours at 3 p.m. Eastern…
Ross is going LIVE to break down his top strategy for spotting breakout setups through price action – before they become obvious to everyone else.
If you want to stop reacting to the explanation after the move…
And start identifying the move while it’s still forming…
Make sure you join Ross live this afternoon.
Ross’ strategy could already have handed you returns like 413% in just 8 months on GeneDX Holdings (WGS)…
And 126% in 4 weeks on MultiPlan Corporation (MPLN).
But with more breakouts happening, gains like these could only be the beginning – if you act fast.
So click here to lock in your free seat for Ross’ live strategy demo if you haven’t already…
And Ross will see you in just a bit at 3 p.m. ET.
The Traders Agency Team
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
