Hey friend,
The weekly jobless claims data came in this morning, with the numbers being exactly the same as last week.
We also got US retail sales, which showed a tiny 0.1% rise – but still in line with expectations.
Finally, we also received the latest Producer Price Index data – which showed an unexpected fall, supporting the narrative that inflation is rapidly cooling.
The Daily Direction
Note: Indexes closed mixed yesterday and opened lower this morning. But their movements throughout the day has been mixed. No change in any index directions.
The Daily Nugget
Don’t overthink a strong tape.
In a powerful market, the urge to overanalyze can do more harm than good.
You start wondering if it’s gone too far.
You wait for a pullback that doesn’t come.
You spot cracks that aren’t there.
Meanwhile, the market just keeps moving.
When price action is strong and broad participation is backing it up, hesitation is the risk – not momentum.
It’s not about being reckless.
It’s about recognizing when the wind is at your back and trading accordingly.
Keep your process disciplined (as always)…
But don’t let second-guessing sideline you during one of the market’s better stretches.
Make sure you take full advantage of it instead.
Tomorrow, May 16, at 11 a.m. Eastern…
Head Trader Ross Givens is going LIVE to demo his top strategy for finding the explosive breakouts that are still happening in this rally.
You could have used this strategy to bank gains like 51% in 15 days… 77% in three weeks… and even 87% in just 24 hours.
But as Ross said, there’s still plenty of room to run…
Meaning gains like these could just be the start.
He and his team are already monitoring several high-potential setups that look ready to blast off…
And Ross will be revealing all the details tomorrow.
So click book your slot for Ross’ live session…
And he’ll see you tomorrow morning at 11 a.m. ET.
The Traders Agency Team
