Hey friend,
Welcome back to a new trading week.
The big data everyone’s going to be looking out for this week is inflation.
We got producer price data coming in tomorrow followed by consumer price data Wednesday.
These will all move the market. Let’s see how indexes have been moving.
The Daily Direction
Note: All indexes closed sharply lower to end last week. All short and medium-term directions are now downward – although long-term directions still remain upward. Will this change after this week?
The Daily Nugget
A lot of good trading is extremely counterintuitive.
So much of trading and how the markets work is counterintuitive.
Last Friday was a good example.
Excellent job data caused a terrible day in the markets…
Meaning terrible jobs data would have been an excellent day in the markets.
We also see this in individual stocks when good news comes out…
But the stock goes down instead (as it had already been priced in).
So this means that good trading strategies are by definition also counterintuitive…
Which is why it’s so difficult to “figure it out yourself” when it comes to trading.
The good news is that by following someone like Head Trader Ross Givens, what is counterintuitive will slowly start to become more intuitive…
And your mastery of the markets will keep increasing.
Also, tomorrow morning at 11 a.m. Eastern…
Ross is going LIVE for a strategy session to show you how to rise above the current market uncertainty…
And target gains of 2X, 4X, even 8X your money or more.
Click here to save your seat for Ross’ live strategy session tomorrow…
And learn how to position yourself before the big inflation data hits Wednesday.
Ross will see you tomorrow at 11 a.m. ET sharp.
The Traders Agency Team
