Hey friend,
No big economic data releases today – just a bunch of speeches by Fed members.
Tomorrow we get the usual weekly jobless claims…
But on top of that we get US retail sales, which will help give us another gauge of consumer sentiment…
As well as the latest Producer Price Index data – which could further confirm the cooling inflation narrative.
The Daily Direction
Note: Indexes closed mixed yesterday and opened mixed this morning as well. The long-term direction for the Dow fell back into downward territory.
The Daily Nugget
Strong momentum demands participation.
There’s still a lot of fear in the air.
But the kind of momentum we’ve been seeing lately?
It demands participation.
It doesn’t matter if you’re a “contrarian trader”…
It doesn’t matter if you think the market is still “overheated”.
When a strong trend like this emerges, you never want to go with it.
If it falters and stalls, you can always get out…
There’s no rule you have to stay in.
But in the meantime, if you’re sitting on the sidelines in the middle of this kind of momentum…
All you’re doing is missing out.
This kind of momentum demands participation…
And with the right guidance, you could do even better than the surging market.
So stay alert… stay ready…
And most importantly – stay open to receiving the right guidance.
The Traders Agency Team
