Hey friend,
Powell’s comments on there being “no hurry to cut interest rates” dampened market sentiment somewhat – even as weekly jobless claims numbers dropped to the lowest levels since May.
Let’s see how the indexes have been moving.
The Daily Direction
Note: Indexes closed broadly lower again yesterday. But still, all their directions remain upward.
The Daily Nugget
The nature of the clickbait media keeps us “trapped” in the short-term.
The media is all about recency – what’s new, what happened an hour, a minute ago.
That extends to the markets as well.
Most of the things they talk about are all in the very short term.
Now, don’t get us wrong.
We’re traders, not long-term investors.
But still, our time horizon – and our resulting focus – must extend longer than just the immediate term.
That’s what will allow us to use other traders “tunnel vision” on the short-term to our advantage.
For instance, although it may not feel like it right now…
The market pulling back is actually a prime positioning opportunity for savvy traders.
And if you want to take advantage of it…
The Traders Agency Team
