Hey friend,
The weekly jobless claims numbers came out this morning – and they showed jobless claims falling to the lowest level in four weeks.
Manufacturing and services PMI data also showed a nice rebound from last month.
The Daily Direction
Note: Indexes closed sharply lower yesterday and while they mostly opened a bit lower this morning as well, they’ve been moving up through the day. No change in any index directions.
The Daily Nugget
Learn the difference between being fickle and being flexible.
Flexibility is adjusting when the market gives you new information.
Fickleness is abandoning a plan at the first sign of discomfort.
The market rewards flexibility but punishes fickleness.
Right now, we’re seeing what is likely just a short pause amid a strong and sustained recovery.
Fickle traders are the ones who get spooked by the headlines and exit…
Getting “flushed out” and missing out on opportunities as a result.
Flexible traders know when to shift gears based on real data and price action.
The difference is subtle in description…
But huge in its impact on your bottom line.
If things shift, Head Trader Ross Givens will let you know.
In the meantime, treat this breather as an opportunity.
Here’s one stock you might want to consider paying attention to on the dip.
The Traders Agency Team
