Hey friend,
Earlier this morning we got some manufacturing data, which showed an unexpected decline in manufacturing activity.
That’s just more justification for rate cuts.
Tomorrow, we’ll get the latest retail sales numbers as well.
But really, everyone’s watching the Fed this week.
The Daily Direction
Note: All indexes except the Nasdaq closed slightly lower to end last week. But they opened higher again this morning, and all index directions remain solidly upward.
The Daily Nugget
Don’t be afraid to buy a stock at new highs.
There are lots of traders sitting out right now because they feel the market is “overvalued”.
They’re waiting for the market to dip, so they can buy back in cheaper.
And while there’s nothing wrong with buying on pullbacks (in fact, it’s one of Ross’ top rules of thumbs in healthy markets)…
Most of these people sitting out because of “overvaluation” concerns…
Are unlikely to have the emotional discipline buy back in on a dip either.
Because remember, every dip or pullback comes with a “sky is falling” narrative…
And you need emotional strength to resist that.
Plus, there’s nothing wrong with buying a stock at new highs.
In fact, contrary to what most people think…
It’s actually much safer to buy a stock at new highs rather than going “bargain hunting”.
Because a stock that hits new highs has the wind at its back…
And that alone juices the odds in its favor.
Of course, the best time to buy a stock is before it hits new highs…
And that’s what Ross is going LIVE to show tomorrow, Tuesday September 16, at 11 a.m. Eastern…
He’ll reveal his powerful breakout indicator that has spotted triple-digit gains like 177% in 11 days… 353% in just 91 days… and even 148% in 2 days.
This indicator will allow you to target these stocks before they hit new highs…
And with the Fed about to make its move on Wednesday…
You want this indicator in your toolkit before then.
So click here to register for Ross’ live demo tomorrow…
And he’ll see you Tuesday at 11 a.m. ET sharp.
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
