Hey friend,
Nvidia is dragging down the tech sector – but we’re still seeing gains in other areas.
With this being the last trading day of August, the question is – will see the traditional September seasonal weakness?
The Daily Direction
Note: Both the Dow and the Russell 2000 closed higher, while the S&P 500 closed flat and the Nasdaq closed lower – dragged down by Nvidia. No change in any index directions.
The Daily Nugget
Paying attention to too many market narratives is deadly for your trading account.
Can the Fed pull off the soft landing?
How much will they cut next month?
Will we see market weakness next month – and if so, will that be seasonal or a symptom of something deeper?
Financial markets and the economy are full of endless narratives – many completely opposed to each other.
Allow yourself to fall down that narrative rabbit hole…
And you may find yourself trapped in permanent indecision – which is death for a trading account…
The good news is – you can let the “smart money” decide for you.
Because by following the secretive trades of the institutional investors, you can potentially use their money to ride big stock moves to the top.
Ross Givens developed a complete strategy for doing so after years in the heart of Wall Street…
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The Traders Agency Team
