Treasury yields are inching closer to breaching the 5% mark after Fed Chair Powell said the Fed would likely pause hikes in November…
Before going on to say that he doesn’t believe that current monetary policy is too tight – implying rates would stay higher for longer while signaling possible rate hikes in the future.
The result was predictable – another down day in the markets.
The Daily Direction
Note: All indexes closed lower yesterday – but there was no change in any index directions. The long-term directions of both the S&P 500 and the Nasdaq are still comfortably positive.
The Daily Nugget
All serious traders have “target lists”.
A target list – or a watchlist – is a list of stocks with the most potential according to a specific strategy.
All serious traders have one, and it’s what allows them to act fast when opportunities appear.
Because the truth is, there are simply too many stocks out there to be focused on all of them.
You have to narrow your focus down – and that’s what target lists are for.
Of course, this means that which stocks end up on your target list (and why) is vitally important.
So, if you don’t have a way of getting the highest-percentage stocks on your target list (or worse – if you don’t have a target list at all)…
Then you should check this out now.
The Traders Agency Team