Hey friend,
We got some preliminary consumer sentiment data from the University of Michigan.
It showed consumer sentiment continuing to deteriorate as households grew more pessimistic about current conditions.
Let’s see how the markets have been moving.
The Daily Direction
Note: Indexes closed slightly lower again yesterday but have been moving higher today – sending the long-term direction for the Russell 2000 back upward.
The Daily Nugget
Choppy markets reward selectivity – not prediction.
When the market gets choppy, traders often spend too much time trying to call the next move.
Is this bounce real?
Is the selloff over?
Are we about to break out again?
That can turn into a lot of guessing without much edge.
You don’t need to predict every turn.
You need to wait for the setups where the odds actually look good.
In a messy market, that usually means being more selective.
Fewer trades.
Cleaner entries.
Stronger confirmation.
And being perfectly comfortable passing on something that looks only “okay.”
The market will give you plenty of movement.
That doesn’t mean every move deserves your money.
When conditions are choppy, the edge often comes from waiting longer and demanding more before you act.
The Traders Agency Team
P.S. Don’t forget that every Monday at 9 a.m. Eastern, Head Trader Ross Givens goes LIVE on his YouTube channel to break down the markets in real time and highlight overlooked opportunities.
It’s completely free so make sure you don’t miss the next one.
Use this link to join next Monday at 9 a.m. ET.
Have a good weekend.
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