Traders Daily Direction
A Critical Trading Correlation
Hey friend, Treasury yields retreated slightly after briefly breaching the psychological 5% mark late last week. But all indexes still ended lower, posting weekly losses. Of course, Powell’s comments that current monetary policy was “not overly tight” didn’t help things. The Daily Direction Note: The move lower last Friday sent the long-term direction of the […]
Do You Have a Target List?
Hey friend, Treasury yields are inching closer to breaching the 5% mark after Fed Chair Powell said the Fed would likely pause hikes in November… Before going on to say that he doesn’t believe that current monetary policy is too tight – implying rates would stay higher for longer while signaling possible rate hikes in […]
What Successful Trading Really Is
Hey friend, 10-year Treasury yields hit a new high yesterday, rising above the 4.9% mark. Combine this with continually increasing uncertainty in the Middle East and some weak earnings numbers – and you have a recipe for a down day in the markets. The Daily Direction Note: All indexes closed lower yesterday – causing multiple […]
Why Being Second is Better Than Being First
Hey friend, It was an interesting day in the markets yesterday. 10-year Treasury yields surged to new highs and retail sales growth came in far stronger than most economists expected. This led to a volatile intraday session – so let’s see how markets have been moving. The Daily Direction Note: The S&P 500 and the […]
Understand This to Make More Profits
Hey friend, With earnings season just starting, it’s an interesting time for the markets. Ross Givens calls it a “wildcard” – as earnings strength could move markets in unpredictable ways. With that said, let’s see how markets have been moving. The Daily Direction Note: With all indexes closing higher yesterday, the short-term direction for the […]
The Story of the Market
Hey friend, Welcome to a brand-new trading week. Both the S&P 500 and the Dow posted a weekly gain last week, while the Nasdaq and the Russell 2000 were down. The big banks have just kicked off the third-quarter earnings season – so expect that to create lots of opportunities we can take advantage of. […]
Get Perspective With This
Hey friend, With a hotter-than-expected inflation print yesterday amid a market bounce, let’s see how markets have been reacting as we close out the trading week. The Daily Direction Note: All indexes closed lower yesterday – but not as much as one would have expected considering the inflation print. The medium-term direction for the NASDAQ […]
A Hidden Trading Advantage
Hey friend, The market bounce is starting – and you can see that by looking at how much greener the table below is looking compared to just a week ago. The Daily Direction Note: Treasury yields and the dollar are once again pulling back, and the market is rising. The S&P 500’s short-term direction, the […]
Technical Bounces vs. Sustained Uptrends (Important Difference)
Hey friend, The government narrowly averted a shutdown, which probably gave stocks a little boost despite Treasury yields continuing to surge. How have markets been moving? In a word – mixed. The Daily Direction Note: The NASDAQ closed higher, the S&P 500 closed flat, while both the Dow and Russell 2000 index closed lower yesterday, […]
More Fear, More Opportunity?
Hey friend, Welcome to the fourth quarter of 2023. Here’s what happened to the indexes during the third quarter: S&P 500 is down 3.6% NASDAQ is down 4.1% Dow Jones is down 2.6% Russell 2000 is down 5.5% The Daily Direction Note: With the exception of the NASDAQ, all indexes ended lower on the last […]
Are You Falling for the Recency Bias Trap?
Hey friend, The third-quarter pullback took another pause yesterday. With just one more trading day to go until the fourth quarter – historically the strongest quarter of the year – everyone is looking to how the markets will move to get some insight on any new direction. The Daily Direction Note: All indexes closed higher […]
It’s Happened Before and It’s Happening Again
Hey friend, Oil prices, the dollar, and 10-year Treasury yield are surging. Yet, most indexes managed to close higher yesterday. Is this just a tiny bump in the road on the way further down – or the sign of a reversal? The Daily Direction Note: All indexes except the Dow closed higher yesterday. But such […]
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