Hey friend,
We got the latest consumer sentiment numbers this morning.
It showed consumer sentiment dropping to a fresh record low on continued inflation worries.
At the same time, leading economic indicators actually inched upward in April
Let’s see how markets have been moving.
The Daily Direction
Note: Indexes closed higher yesterday and gapped up higher this morning as well – keeping all index directions in the green.
The Daily Nugget
Smart traders approach trading from first principles.
Elon Musk is famous for popularizing “first principles thinking”.
It means stripping everything down to its very foundations, and then going from there.
In SpaceX, for example…
He didn’t start by asking, “How much does a rocket cost?”
He asked, “What are the raw materials in a rocket actually worth?”
And once he realized the materials cost was only a fraction of the finished rocket price…
He saw that the “impossible” problem wasn’t physics…
It was cost assumptions.
Now, trading isn’t nearly as complex as building rockets…
But we can – and should – reduce it to first principles…
To its core foundation.
And what is that foundation?
Well, here’s one way to rephrase that…
What is it that makes a stock go up?
You can say it’s earnings, interest rates or whatever.
But that’s not the foundational layer.
The foundational layer – the first principle – is BUYERS.
Only BUYERS can make a stock go up.
That’s it.
Everything boils down to that.
And that means that, to find stocks that will go up…
Look for where the biggest BUYERS are moving to.
And tomorrow, Saturday May 23, at 11 a.m. Eastern…
Head Trader Ross Givens is going LIVE for a very special weekend session…
Where he’ll show you how to track the biggest buyers in the market into setups that have led to gains of 155% in 150 days…
212% in 165 days…
424% in less than six months…
And even 524% in 13 months.
If you haven’t been able to make our weekday sessions…
This is your chance.
So click here to secure your free seat for Ross’ special weekend session…
And he’ll see you Saturday morning at 11 a.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
