Hey friend,
We got the big job opening numbers this morning.
It came in at 7.3 million – in line with expectations but slightly below last month’s 7.4 million.
We also got some manufacturing data, which came in slightly ahead of expectations – but in line with last month’s figures.
Tomorrow, we will get the private jobs numbers.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed lower yesterday and opened lower today as well – sending the short-term directions for the S&P 500 and the Nasdaq downward.
Check This Out
The Fed just sent a HUGE warning to investors. Click here to watch it before it’s too late.
The Daily Nugget
Sometimes paying more gives you the better trade.
Traders naturally want the lowest possible entry.
If you’ve been watching a stock at $47 and your breakout level is $50, it can be tempting to buy early.
After all, why pay $50 when you could have bought it three dollars cheaper?
Because at $47, the stock hasn’t done what you’re waiting for yet.
It may still roll over.
The pattern may fall apart.
And with the broader market still pulling back, there’s even more reason to make the stock prove itself.
If your setup calls for a break above $50, paying $51 after that happens can actually be the better trade.
You paid a little more.
But you also got something for that extra money:
More information.
Buyers proved they were strong enough to push through the level that had been holding the stock back.
So don’t get hung up on getting the cheapest price.
The goal is to get the price that gives you the trade you actually wanted.
Sometimes that means paying a little more and taking a lot less guesswork.
The Traders Agency Team
