Not much on the economic calendar today – or the week. This is a week where a lot of the Fed members will be out giving speeches, given that they just met last week.
Nothing much on the economic calendar today, just some manufacturing and industrial data. Basically manufacturing came in relatively flat, while industrial production showed a modest increase on higher factory and mining output.
One of the hardest things to do as an investor is buying stocks on the way down. It feels exactly like catching a falling knife. You know you want to own the asset, but stepping in front of a relentless selloff usually means bleeding capital all the way to the bottom. Blindly guessing where a stock will find its floor is a losing strategy. You need to track exactly where institutional money previously agreed on the stock's value.
My number one breakout trading strategy follows a simple, repeatable pattern. It dictates exactly when a stock is ready to surge, and it removes the guesswork from your entries. Most traders sit through agonizing 20%, 30%, or even 40% drawdowns during choppy periods, blindly hoping their stock eventually goes up. That is a losing game. You only want to be in the market during the explosive growth phase — buying right as a stock is ripping higher.
Forget the Magnificent 7 – these 3 stocks are poised for HUGE moves in the next leg of the AI boom. Wall Street veteran Ross Givens just revealed the details…
The Two “Must Have” Ingredients for Successful Trading