Hey friend,
It’s a new trading week.
Homebuilders’ confidence dropped today on tariff and housing cost concerns.
Let’s see how the indexes have been moving.
The Daily Direction
Note: Indexes closed slightly mixed to end last week, with the S&P 500 and the Russell 2000 flat, the Dow dipping slightly, and the Nasdaq rising. After this morning’s open, only the medium-term direction for the Russell 2000 remains downward.
The Daily Nugget
“Informed investors who understand price action are on the lookout for evidence of price shakeouts before they buy.”
~Mark Minervini
Understanding price action is understanding investor psychology.
Price shakeouts happen when investors start taking profits are a runup – causing a sideways consolidation to take place.
The price also often dips during this period.
But once this shakeout is over – the weak hands are gone…
Only the strong hands remain…
And new buyers willing to enter at higher prices come in – kicking off the next stage of the rally.
As Head Trader Ross Givens pointed out in his newsletter this morning…
That’s exactly what’s happening in the broader market right now…
Even as individual investors are at maximum pessimism.
This opens up a rare opportunity…
Because should the breakout happen…
You know these fickle investors will come rushing back in…
Becoming part of the fuel for the rally to accelerate.
You want to position yourself before that happens.
The “smart money” is already doing so.
That’s why later this evening at 4 p.m. Eastern (not 11 a.m. Eastern as mentioned in Ross’ newsletter this morning)
Ross is going LIVE to demo a powerful yet little-known technique for finding setups that can return hundreds-of-percent gains in a matter of days.
This technique allows you to position yourself alongside the Wall Street whales…
Allowing it to generate returns like 287%… 542%… even 806%, all within a matter of weeks – or even days.
It’s also perfect for traders with small accounts…
So if you haven’t yet, click here to guarantee your seat for Ross’ live demo…
And he’ll see you in a few hours at 4 p.m. ET.
The login details will be in your inbox soon.
The Traders Agency Team
