Hey friend,
Nothing on the economic calendar today.
The big release is this Thursday, when the PCE Index – the Fed’s favorite inflation gauge – comes out.
The Daily Direction
Note: All indexes closed higher last Thursday but have been much more mixed this morning. Still, all index directions remain upward.
The Daily Nugget
Skilled traders know how to hold more than one market view at once.
Good trading requires judgment.
And judgment gets a lot better when you’re able to look at the market from more than one angle.
Most traders struggle with that.
They pick a view… then cling to it.
Bullish. Bearish.
Cautious. Aggressive.
Once they land on a perspective, they start filtering everything through it – even when the market is giving them evidence that does not fully fit.
Skilled traders do something different.
They are not trying to prove their opinion right.
They are trying to make good decisions in the market that actually exists.
That means they can hold two ideas in their head at the same time, even when those ideas seem to compete with each other.
Right now, one view says the rally could be stretched.
Another view says the bull market still has plenty of strength.
Both can be true.
The indexes can look shaky…
While certain individual stocks are still setting up beautifully.
The broad rally can look tired…
While specific names continue breaking out with real momentum behind them.
That is the kind of market we are in now.
And it is exactly why a broad, one-size-fits-all opinion can be so dangerous.
You do not want to rely on a strategy that needs the entire market to move in one direction.
You want a strategy that can identify the individual stocks with their own fuel behind them.
That’s why Head Trader Ross Givens will be sharing a highly controversial – yet devastatingly effective – stock picking strategy with you tomorrow morning.
So keep an eye out for that.
In the meantime, here are the details on the CEO betting his fortune on one stock?
The Traders Agency Team
