Let’s see how markets have been moving as we begin a brand-new trading week.
The Daily Direction
Note: Most indexes edged slightly higher Friday to end the week on a positive note – but it was still a down week overall. All eyes will be on the latest consumer inflation report which will be out before the market opens on Wednesday.
The Daily Nugget
Volume is the companion to price action that many traders miss.
Price action can point toward where the stock is going…
But volume tells you how long it could keep going in that direction.
If a stock is like a car, price action shows you which way the wheels are pointing…
While volume tells you how much fuel is left in the tank.
If you’re studying price action without looking at volume – you’re missing a big piece of the puzzle.
Price action and volume combined can tell you a LOT – such as when and where the big institutional money could be jumping in.
So, if you want to get in when they do – and potentially ride the wave from their splash to the top…
The Traders Agency Team