Hey friend,
The latest retail sales numbers came in this morning.
In a surprise move, they came in solidly ahead of expectations – 0.6% versus the expected 0.3%.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed higher yesterday. And while most indexes opened higher this morning as well, they’ve generally been trending down throughout the day. Still, no change in any index directions.
The Daily Nugget
Most traders are WAY too reactive.
As a trader, you want to be able to move fast.
But, most beginners take this the wrong way…
And instead of “moving quickly”, they end up being too reactive instead – which ends up costing them big.
What’s the difference?
Experienced traders know that, in many cases, the way the market reacts to big news is an overreaction.
Whether it’s a big earnings report or a Fed decision, they understand the psychology that typically results in these overreactions.
Most beginner traders don’t understand this subtlety.
So, when the market overreacts – they overreact too…
Which just makes the entire “overreaction” move even more drastic.
Smart traders don’t overreact.
Instead, they take advantage of the overreaction.
Tomorrow, after the Fed moves, we’ll likely see some sort of overreaction.
In fact, the market could actually dip as a result.
And that’s why tomorrow, Wednesday September 17, at 3 p.m. Eastern…
Head Trader Ross Givens is going LIVE for a special “post-Fed” briefing.
He’ll break down the Fed decision, Powell’s comments, and the immediate market reaction.
Most importantly, he’ll also show you how to tell where the “smart money” is positioning themselves post the Fed-decision…
So you can position yourself alongside them…
And take advantage of all the hasty overreacting traders.
This may be the most important Fed meeting all year…
So click here to reserve your seat for Ross’ live post-Fed briefing tomorrow…
And he’ll see you Wednesday afternoon at 3 p.m. ET.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
