Hey friend,
The official employment report came in this morning.
It showed non-farm payrolls rising by 57,000 in June, and the unemployment rate falling slightly to 4.2%.
While the drop in the unemployment rate was above expectations…
The job additions were far below expectations – with economists forecasting nearly double that.
Let’s see how the markets have been moving.
The Daily Direction
Note: Indexes closed mixed to end last week and opened mixed this morning as well. However, all index directions remain upward.
The Daily Nugget
Leadership changes before the crowd notices.
Markets don’t usually announce when leadership is changing.
There’s no bell.
No headline.
No clean handoff from one sector to another.
At first, it just looks like noise.
One hot group stops acting right.
Another group quietly starts holding up better.
A few stocks start breaking out while the old leaders chop around.
Most traders miss it because they’re still staring at what worked last month.
That’s how they get trapped.
They keep buying the old leader, thinking it’s just a normal dip…
When in reality, money has already started moving somewhere else.
That’s why traders need to learn the difference between a pause and a rotation.
A pause can be an opportunity.
A real leadership change is a warning.
And the only way to tell the difference is to watch where money is actually flowing.
That’s what Ross and his team go LIVE to show every week…
When they break down the market in real time as part of the Black Ops Trading Club.
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The Traders Agency Team