Hey friend,
We got the latest durable goods orders data this morning.
And while the numbers showed a monthly drop, the decline was much less than expected.
This could indicate the economy is performing better than expected.
We also got the new consumer confidence data, which also showed a decline – but also declined less than expected.
All in, it’s pretty good news.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed lower yesterday and generally opened slightly lower today as well. Still, all index directions are still solidly in upward territory.
The Daily Nugget
Underrated trading superpower – knowing what everyone else believes.
It’s easy to know what you yourself believe.
And while it may also seem easy to know what other people believe – in reality, it’s far harder than most think.
Politicians are masters of this.
They can detect what people truly believe in – and then craft their messaging accordingly.
But what most people don’t realize is that the best traders are masters of this also – just in a different way.
They can look at a price chart and instantly grasp what the rest of the market believes.
And then, they can make their trades based on those beliefs.
It’s a trading superpower that most people don’t even know exists.
But if you can acquire even just a fraction of this power for yourself…
Your trading performance will improve.
Tomorrow afternoon at 3 p.m. Eastern…
Head Trader Ross Givens is hosting a LIVE briefing to give you a shortcut for acquiring this superpower?
By following a group of elite traders who are the experts at trading off others’ beliefs.
And with everybody waiting for Nvidia’s big earnings release after the bell tomorrow…
You want to be able to exploit what everybody else believes.
So click here to register for Ross’ live briefing on Wednesday, August 27…
And he’ll see you tomorrow afternoon at 3 p.m. ET sharp.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
