Traders Daily Direction
Follow the Anomalies
We got some major private sector employment numbers this morning. They showed the private sector adding 63,000 jobs for the month – significantly ahead of the expected 48,000.
How to Win in the Fog of War
The only thing on the economic calendar this morning was the usual weekly jobless claims. They showed a marginal increase from last week, coming in slightly ahead of expectations. Nothing major there.
How to Not Become an Irrational Trader
We got some manufacturing data this morning, which showed continued slight growth that came in a bit ahead of expectations. But the biggest news is the escalating situation in the Middle East.
What Traders Miss About “Certainty”
The only thing on the economic calendar this morning was the usual weekly jobless claims. They showed a marginal increase from last week, coming in slightly ahead of expectations. Nothing major there.
Look for This Before Buying
Nothing on the economic calendar today – just a bunch of Fed speeches. Let’s see how markets have been moving.
Skilled Traders Need to Get Used to This
We got more consumer confidence data this morning and despite so much doom-and-gloom talk, it came in significantly stronger than expected. Let’s see how markets have been moving.
You Must Understand This Before Trading
The latest data on the Fed’s preferred inflation gauge – the PCE index – came out this morning. The annual numbers came in at 3% annually – in line with expectations – but a clear sign that inflation is still trending very much above target.
This Won’t Help You Make Money
The latest data on the Fed’s preferred inflation gauge – the PCE index – came out this morning. The annual numbers came in at 3% annually – in line with expectations – but a clear sign that inflation is still trending very much above target.
There’s No Opportunity Without This
Nothing major on the economic front today. However, the minutes of the Fed’s latest monetary policy meeting will be released in a couple hours…
The Market’s True Mechanism (Most Don’t Get This)
Nothing major on the economic front today. However, the minutes of the Fed’s latest monetary policy meeting will be released in a couple hours…
Counterintuitive Sign of a Roaring Market
Hey friend, It’s the last day markets are open for 2023. The price action looks unimpressive compared to some of the big up days we’ve seen in the past couple months. Nonetheless, we’re still in the middle of a rally – and 2024 looks like it’ll be off to a great start. The Daily Direction […]
This is the Trading “Sweet Spot”
Hey friend, Does the Santa Claus rally seem impressive, given how much stocks have already risen over the past couple of months? Not really. Does the fact that this Santa Claus rally – “unimpressive” though it is – bode well for what’s to come in 2024? Almost certainly. So enjoy this “unimpressive” rally, and look […]
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