Hey friend,
Nothing on the economic calendar this morning.
This week though, we get the latest data on the Fed’s preferred inflation gauge – the PCE Index.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed higher yesterday to end last week but have been generally lower today (with the exception of the Dow, which has seen its short-term direction return to upward territory).
Check This Out
America just made a massive $2 trillion gamble. Here are 3 stocks that could profit.
The Daily Nugget
Pullbacks can be useful.
When everything is going up, a lot of stocks look good.
Some deserve it.
Others are just getting carried along with the market.
You usually get a better read once the selling starts.
After a few red days, some stocks crack quickly. Others give back most of their recent gains.
But every so often, you’ll find a stock that just refuses to come down much.
Maybe it holds its breakout.
Maybe buyers keep showing up around the same price.
Maybe the market has a lousy day and the stock barely moves.
Those are the names worth writing down.
The market has just put them through a little stress test, and they handled it better than most.
That doesn’t make them automatic buys.
But it does make your watchlist a lot easier to build.
So on the next ugly market day, don’t spend all your time looking at what got crushed.
Have a look at what didn’t.
You may learn more from the stocks holding their ground than the ones making all the noise.
The Traders Agency Team
