Hey friend,
The weekly jobless claims data came in this morning…
And it was slightly higher than expected – 217,000 actual vs 210,000 expected.
Stocks opened higher as a result – just like how strong labor market data last Friday caused stocks to take a significant dip.
Remember, we’re in a counterintuitive market.
The Daily Direction
Note: All indexes closed sharply higher yesterday and opened higher this morning. For the tech-heavy Nasdaq – all directions have flipped back to the green.
The Daily Nugget
Information beats emotions.
Most traders allow their emotions to overrule the information (even if they don’t realize it).
One part of this is emotional control – which is a critical skill for traders…
But another big part is that they don’t know how to interpret the market’s information correctly – the other critical skill.
The good news is the two are interlinked.
Because once you learn how to interpret the market’s information correctly – and see the results for yourself…
You’ll naturally develop more confidence in trusting the information instead of your emotions…
Which will in turn make you better at emotional control.
It’s a virtuous cycle that will unlock a whole new level of trading for you.
The caveat? Not all information is created equal.
Certain types of information make for far superior trading decisions.
And that’s why tomorrow morning at 11 a.m. Eastern…
Head Trader Ross Givens is going LIVE for a training session on digging out the highest-fidelity information during earnings season…
The kind of information that could allow you to still do good while the market is doing bad…
And to do great while the market is doing good.
The method Ross will be showing tomorrow has generated gains like 287%… 527%… even 1,091% in both bull and bear markets.
But with bullish momentum set to rebound – right as earnings season starts – now is the time to take action.
Click here to secure your spot for Ross’ live training session…
And he’ll see you at 11 a.m. ET tomorrow morning.
The Traders Agency Team
