Hey friend,
It was a negative week and a negative close for the markets to end last week.
But – the market has been extremely strong leading up to April. So, let’s see how that has affected the index directions.
The Daily Direction
Note: All indexes closed negative to end the week, sending more index directions downward. But the long-term index directions all still remain solidly upward – something to keep in mind.
The Daily Nugget
No one wants to take profits when the rally keeps going. But when the pullback hits – behavior changes.
When the rally is strong, no one wants to take profits because they feel they’re leaving money on the table.
But when the pullback hits, suddenly everyone wants to lock in their (now reduced) gains – which actually prolongs the pullback as a whole.
This is exactly why our Chief Trading Strategist Ross Givens advises you to be as disciplined with your profit taking as you are with your stop losses.
Stocks can never keep going straight up – and pullbacks are inevitable.
It’s not time to go to cash yet – far from it.
But it is time to be more disciplined and more discerning with your trades.
That’s why tomorrow morning at 11 a.m. Eastern…
Ross is going LIVE for a masterclass that will allow you to target a very special class of stocks…
Stocks that are ALSO being targeted by those who already know everything there is to know about said stocks.
With the market pulling back, this is how you still win.
So make sure you click here to secure your seat for Ross’ masterclass…
And we’ll send you the login details tomorrow morning.
Ross will see you at 11 a.m. ET tomorrow.
The Traders Agency Team
