Hey friend,
The unemployment numbers just came in at 4.1%, with a higher than expected 254,000 jobs added last month – well ahead of expectations.
Markets opened sharply higher on this news, but we’ll have to see how it all plays out.
Expect the market to continue to digest this data into next week.
The Daily Direction
Note: All indexes closed flat or slightly lower yesterday. No change in any index directions.
The Daily Nugget
Buy on temporary weakness and sell into strength.
This is a powerful bull market strategy captured in just eight words.
Use temporary weakness as an entry opportunity…
Then when strength returns, sell into it and lock in your profits.
That’s how you turn a bull market into cold hard cash in your account.
And because even the strongest bull market never goes straight up, there will always be pockets of temporary weakness you can take advantage of.
With the election approaching, we’re going to see more and more of these pockets appear…
And that’s an opportunity to be exploited.
The key, of course, is being able to separate temporary weakness from actual weakness.
The difference lies in whether the “smart money” is in – or out – of that specific stock…
Because it’s their money that will send the stock surging.
The Traders Agency Team
