Hey friend,
We got some manufacturing activity data from New York State this morning, which showed it jumping to the highest level in four years.
This was corroborated by industrial output data, which came in at a 14-month high.
Let’s see how markets have been moving.
The Daily Direction
Note: Indexes closed higher yesterday but reversed course today – giving back the gains of the past few days. Still, all index directions remain upward.
The Daily Nugget
Knowing is one thing – doing is another.
It’s one thing to “know” that we’re approaching a pullback…
One that is healthy, necessary – and full of opportunities.
But it’s quite another to actually take the right actions during said pullback…
When the headlines are all screaming about how the bull market is over…
When the numbers on your account seem to be going lower by the day.
Doing is always much harder than knowing.
That alone explains much of the difference between successful traders and unsuccessful ones.
It’s the same thing in almost any area in life.
Ultimately, we cannot take action on your behalf.
That will always be up to you.
But what we can do is give you all the tools and resources you need to make it easier and more comfortable to take the right actions.
And the more you see that the right actions create the outcomes you want…
The less difficult it will become to take the right actions…
Creating a virtuous cycle of success.
That’s our goal for everyone of you who follows us…
And that’s what we are working as hard as we can to achieve.
Enjoy the weekend.
The Traders Agency Team
