Hey friend,
The only thing on the economic calendar this morning was import price data.
It showed the biggest jump since 2022 – 1.3% versus the expected 0.7%.
The Daily Direction
Note: All indexes – with the exception of the Russell 2000 – closed lower yesterday. But they all opened higher this morning – sending the short-term direction for the Russell back upward.
The Daily Nugget
Outperformance requires zigging while others are zagging.
If you do what everybody else does, you’ll get what everybody else gets.
To outperform the market, you have to zig while others zag.
Now let’s be clear…
This does NOT mean reflexively doing the opposite of what everybody else is doing.
Because that would mean fighting powerful trends…
And likely result in you torpedoing your entire account instead.
Doing something different is not the same as doing the opposite.
That’s a critical distinction most beginners haven’t fully grasped yet.
But the pros understand this very well.
They know how to ride the trends – but in a way that still allows them to outperform.
And they know when and how to be contrarian.
That’s how they consistently outperform.
For example, Head Trader Ross Givens just identified one sector that’s been being dragged down by all this volatility…
And has now reached what he believes is a perfect buy point.
It’s the perfect contrarian trade – and Ross has identified two plays he thinks are the best for taking advantage of this.
The Traders Agency Team
