Oil prices, the dollar, and 10-year Treasury yield are surging. Yet, most indexes managed to close higher yesterday.
Is this just a tiny bump in the road on the way further down – or the sign of a reversal?
The Daily Direction
Note: All indexes except the Dow closed higher yesterday. But such a minor move was not enough to effect any change in any of the index directions.
The Daily Nugget
Nothing new ever occurs in the business of speculating or investing in securities and commodities.
The above is a quote from legendary trader Jesse Livermore, a self-taught trader who at one point was one of the wealthiest men in the world.
It was true then, and it’s still true now.
The tickers change, the business models change, and the technology changes.
But the ebb and flow of the market remains the same as it ever was.
Because human nature doesn’t change.
So if you feel what’s happening in the markets now is “new” – realize that it actually isn’t.
The good news is that it gives us a tested “playbook” for navigating nearly every market situation.
That’s why tomorrow at 12 p.m. Eastern, Ross Givens is going LIVE to show you his tested playbook for today’s markets.
And he’ll explain everything then.
The Traders Agency Team