Hey friend,
We got the usual weekly jobless claims this morning, which showed a marginal increase from last week – but came in right in line with expectations.
Other than that, it’s just a whole host of Fed speeches later this evening.
The situation in Iran looks further from being resolved – weighing on markets today.
The Daily Direction
Note: All indexes closed higher yesterday but all opened lower this morning.
The Daily Nugget
There are many ways for peering under the surface of the market.
As the saying goes, there’s more than one way to skin a cat.
One of the things Head Trader Ross Givens preaches the most is to always look under the surface of the market…
Not only because it gives you a clearer picture of what’s really going on…
But because it’s what allows you to find the biggest opportunities.
And the thing is, there are many ways to “take a peek beneath the hood”, metaphorically speaking.
One of Ross’ favorite ways is to look at leading sectors…
And then use price action to zero in on the strongest performers.
This is a battle-tested, proven method.
But when the market is trending downward…
And you want to look for stocks that could be “bottoming out” instead…
A better strategy is to follow the footsteps of the corporate insiders…
High-level execs like CEOs and directors actively trading their own stock.
But – and here’s a big but…
Most insider activity is just noise, not signal.
If you want to follow insider activity to profit from the market, you need to understand the right kind of insider buying to follow.
Head Trader Ross Givens will share something more on that tomorrow morning – so don’t miss it.
But for now, if you want to see a stock with 50% upside that has similar “insider” characteristics…
The Traders Agency Team
