Hey friend,
Nothing on the economic calendar for today.
On Thursday though, we’ll get the PCE Index – the Fed’s favorite inflation gauge.
Given how the Iran war has already caused prices to spike…
And how some Fed members are already talking about hiking rates instead of cutting them…
And Thursday could be a big market-moving day.
The Daily Direction
Note: All indexes closed higher to end last week. And although they opened slightly lower this morning, all index directions remain comfortably upward.
The Daily Nugget
There’s always another breakout.
In the past couple weeks, the market has staged yet another V-shaped recovery…
A phenomenon that’s become increasingly common these past few years.
And because these V-shaped recoveries hit so fast, it’s natural that a lot of people end up missing out on them.
Then, they end up beating themselves about it…
Making themselves emotional – and which then leads to subpar trading.
So the mindset you need to have is this…
There’s always another breakout.
Remember, regardless of what the doomers say, the stock market tends to go up over time.
And that means, there will always be another breakout.
Focus on that.
Don’t let yourself go “on tilt” (in poker terms) just because you missed a breakout.
Especially because, even with the V-shaped recovery complete, and the market back at all-time highs…
There are still many breakouts we can target.
That’s what we want to be focusing on.
The Traders Agency Team
