Traders Daily Direction
How Do You View Volatility? (Important)
Hey friend, The latest data on home sales and consumer confidence came through – and it didn’t help market sentiment at all. Add that to fears of yet another government shutdown, and you have yet another down day in the markets. The Daily Direction Note: All indexes closed sharply lower yesterday. The most concerning was […]
Can You Take The Institutional View?
Hey friend, Could the post-Fed meeting decline be over? Or is this just a short breather before the decline resumes? Let’s see how markets have been moving. The Daily Direction Note: All indexes closed higher yesterday – but not by much. No change in any index directions. The Daily Nugget Institutional investors don’t see stocks […]
The Biggest Sin in Trading
Hey friend, Markets are still trying to digest the “higher for longer” narrative – and it’s been painful. Last week was the second-worst week for the S&P 500 this year, with all indexes closing lower. The Daily Direction Note: No change in any index directions despite the latest negative close. Both the S&P 500 and […]
The 2 Most Dangerous Words in Trading
Hey friend, Markets continue to dip as they digest the Fed’s post-meeting comments and the spike in Treasury yields. Again, how it all plays out next week could determine where the next trend is. The Daily Direction Note: All indexes closed significantly lower yesterday – with many of them even “gapping down”. No change in […]
Your Reaction Determines Your Success
Hey friend, The direction of all the markets during the post-Fed meeting press conference was mostly just in one direction – downward. This is actually normal. What’s more important will be to see how we go from here in the next few days. The Daily Direction Note: Although all indexes closed lower yesterday, there was […]
Brace for Impact
Hey friend, Powell is just finishing up the post-Fed meeting press conference right as this newsletter is going out. We’ll show you what to do about it a bit later. But in the meantime – let’s see how markets have been moving in anticipation of the “big event”. The Daily Direction Note: Indexes closed slightly […]
Should You Be An Optimistic Trader?
Hey friend, The Fed is meeting as you read this… and markets have been quiet pending the outcome of their meeting tomorrow… Which is why – with one exception – today’s Daily Direction table looks exactly the same as yesterday’s. The Daily Direction Note: Most indexes barely budged yesterday – with the exception of the […]
The Truth About Trading vs Office Jobs
Hey friend, It’s a brand-new trading week. And the next big direction of the markets largely hinges on the Fed. In the meantime, let’s look at how markets have been moving. The Daily Direction Note: Tech stocks sold off to end last week – dragging the indexes down with them. All the short and medium-term […]
Do You Have This “Rule”?
Hey friend, Yesterday, Softbank’s chip designing company, ARM went public in the biggest IPO of 2023 – jumping 25% in a day and lifting the entire market along with it. So let’s see how markets have been moving in reaction to it. The Daily Direction Note: Thanks to ARM’s IPO, all index directions – with […]
All Trading Comes Down to Understanding This
Hey friend, Time to see how the markets have been moving. The Daily Direction Note: Indexes closed higher yesterday on positive expectations for tomorrow’s inflation data release. Both the S&p 500 and NASDAQ managed to flip their short and medium-term directions back upward. The Daily Nugget Skillful trading is all about understanding and interpreting supply-demand […]
Price Action is Useless Without This
Hey friend, Let’s see how markets have been moving as we begin a brand-new trading week. The Daily Direction Note: Most indexes edged slightly higher Friday to end the week on a positive note – but it was still a down week overall. All eyes will be on the latest consumer inflation report which will […]
Unlearning False Beliefs
Hey friend, Let’s see how markets have been moving as we close out the trading week. The Daily Direction Note: Bad news around Apple, oil price increases, worries about more Fed rate hikes thanks to lower-than-expected jobless claims – they all worked in concert to weigh down on indexes. All short and medium-term directions have […]
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