Hey friend,
As we close out the trading week, let’s see how markets have been moving.
The Daily Direction
Note: Regional bank contagion fears are roiling the markets again, sending them downwards. No change in directions from yesterday.
The Daily Nugget
When the market is falling, pay close attention to which stocks are not.
If all you do is read the news, you might end up getting the impression that stocks either go down or up – because they report the market as an aggregate.
But while it’s true that stocks are generally correlated with each other, it’s not always the case.
It’s perfectly natural for some stocks to go against the market’s tide – to rise even as the market falls.
These divergent stocks are the ones you want to pay close attention to, because they may be the new market leaders in the next leg up.
Here’s one way of spotting them.
The Traders Agency Team
P.S. Want special trade prospects and potential market moves from Ross sent directly to your phone so you don’t miss out on anything? Text the word ross to 74121 now.
