Hey friend,
Later this afternoon, the Fed’s meeting minutes will be released.
Tomorrow morning, we’ll get the latest weekly jobless claims.
Both of these in tandem will likely influence expectations of how the Fed will act in its next meeting at the end of this month.
The Daily Direction
Note: Indexes closed mixed yesterday with the Russell up, the Dow down, and the S&P 500 and the Nasdaq essentially flat. However, no change in any index directions.
The Daily Nugget
Don’t get fixated on a stock’s “identity”.
Too often, traders assign a label to a particular stock…
And then hold on to that label long after it has become redundant.
They label one stock a leader… and another a laggard.
They call one a hot stock and the other one “dead money”.
Sure, these labels can be descriptive – and indeed often even useful.
But you cannot let yourself get attached to these labels of a stock’s identity.
Change is the only constant in the universe.
Similarly, rotation is a constant in the stock market.
And that means yesterday’s leaders could be tomorrow’s laggards…
While today’s leaders could be yesterday’s laggards.
The best traders understand these shifts are normal…
So they never let themselves get fixated on a stock’s identity.
They stay agile, fluid – ready to flow with the market’s tides.
As Head Trader Ross Givens shared this morning…
There’s a rotation happening in the market right now.
The data shows yesterday’s laggards are becoming today’s leaders…
And if you miss this shift, you’ll miss the opportunity.
That’s why in just a few hours at 3 p.m. Eastern later this afternoon…
Ross is going LIVE to demo his proven method for targeting these new leaders…
Focusing on the ones that could run 100% or more.
The last time such a rotation happened, this method spotted moves like 163% in seven weeks… 270% in 10 weeks… and even 148% in just 2 days.
And now, that window has opened up once again – so make sure you go after it.
Click here to lock in your spot for Ross’ live masterclass if you haven’t already…
And he’ll see you in a few hours at 3 p.m. ET.
The Traders Agency Team
