Hey friend,
The only big economic data we got today was industrial production, which came in significantly ahead of expectations at 0.4% growth (versus 0.1% expected).
As a reminder, stock markets are closed on Monday for MLK Day, so this newsletter – as well as Ross’ – will resume Tuesday.
The Daily Direction
Note: All indexes closed slightly lower yesterday and opened largely higher today, but with all index directions remaining upward.
The Daily Nugget
Smart traders love it when markets are “noisy”.
As a trader, you don’t want noise – you want signal.
But if everyone else in the market is also looking for that signal…
That means the harder that signal is to find – the more valuable it is.
That’s why smart traders love a noisy market.
The noisier the market, the harder it is to find that signal
Which means those who do have the ability to spot it can book bigger returns.
Noisy markets are more than just emotionally uncomfortable…
They can actually cause many traders to make subpar decisions that can cost them money.
But at the same time…
They’re also the kind of markets that also bring the most opportunity for those who can keep a cool head and uncover the signal.
We can equip you with the tools to find the signal so you can always be ahead of the herd…
And we can give you the best market analysis to make it easier to keep a cool head.
But ultimately only you can execute the trades.
So before you head out for the weekend, just remember…
When the market is noisy and it feels uncomfortable, just tell yourself one thing…
Good.
Enjoy the weekend.
The Traders Agency Team
