Markets are still trying to digest the “higher for longer” narrative – and it’s been painful.
Last week was the second-worst week for the S&P 500 this year, with all indexes closing lower.
The Daily Direction
Note: No change in any index directions despite the latest negative close. Both the S&P 500 and NASDAQ still have comfortable distance before their long-term direction would flip negative.
The Daily Nugget
Stubbornness is the biggest sin in trading.
If you’re stubborn, you can’t change your mind.
And if you can’t change your mind, that means you can’t adjust to the market.
And if you can’t adjust to the market, you’re going to fail at trading – period.
That’s why Ross Givens isn’t afraid of changing his views…
Because in trading, changing your views is just updating your perspective to match the market.
And that’s also why Ross is going short in the market for his Stealth Trades strategy right now – because that’s where he’s seeing the easiest opportunities appear.
So if you want to get in on those easy opportunities right now…
The Traders Agency Team