Hey friend,
The Fed minutes yesterday showed that all Fed members voted for the September rate hike.
The weekly jobless claims today came in at 197,000 – same as last week and slightly below the forecasted 200,000.
Let’s see how the markets have been moving.
The Daily Direction
Note: Indexes closed slightly lower yesterday and opened lower this morning as well – sending the long-term direction for the Russell 2000 downward.
The Daily Nugget
The market can move before the reason shows up.
In most situations, asking “why?” is a good habit.
In trading, it can sometimes make you late.
Traders like the market to happen in the right order:
News breaks.
The stock moves.
Then everyone understands why.
But markets don’t always cooperate.
Sometimes the trading changes before the explanation shows up.
A stock suddenly attracts unusual buying. Volume behaves differently. A trade appears that looks completely out of character.
And there’s no headline explaining it yet.
That doesn’t mean you ignore the “why.”
It means you shouldn’t require a perfect explanation before taking the market’s behavior seriously.
Because once the catalyst becomes obvious…
The stock may already be 10%, 20%, or 50% higher.
So yes, ask why.
Just remember that sometimes the market gives you the clue before it gives you the explanation.
The Traders Agency Team
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