Hey friend,
The latest CPI inflation report came in at consensus on certain timeframes and below consensus on others.
The market’s initial reaction has been sharply negative for most indexes (except the Nasdaq) – but we’ll have to see how it plays out over the next few days.
The Daily Direction
Note: Indexes closed mixed yesterday ahead of today’s inflation report. With the initial negative reaction to the inflation data, the Dow’s short-term direction flipped downward.
The Daily Nugget
Be very careful of market “forecasters”.
Too many forecasters don’t have actual skin in the game – so they can keep spouting off with no consequence.
You have the permabears who predict a market crash and recession twice a year…
The naive optimists who say the market can only keep going up…
And the empty suits who just say what they think the audience wants to hear.
Be very careful about listening to these “forecasters”.
More often than not, their information isn’t any better than just skimming the news headlines.
This is not to say there aren’t groups of traders out there with superior information.
Case in point – the corporate insiders legally trading their own company stock.
Think they know something about their own stock the rest of the market doesn’t?
That’s why following their trades can be such a powerful strategy.
Following these insiders could have allowed you to cash out with 30 – 40% profits even as the market sold off last month.
And September could be another chance at similar gains.
That’s why in just a bit at 3 p.m. Eastern this afternoon…
Head Trader Ross Givens is going LIVE for a masterclass that will show you exactly what you need to do to follow these insiders, including:
- What compels these insiders to buy…
- The warning signs you need to know when following the insiders…
- The most powerful – yet counterintuitive – insider buying signals there are
Those who attend will walk away with his complete playbook for using this insider strategy in their own trading – so don’t miss it.
If you haven’t done so already, click here to make sure you “lock in” your spot for Ross’ insider masterclass…
And he’ll see you in just a bit at 3 p.m. ET.
We’ll send you the login details before the masterclass begins. Don’t be late.
The Traders Agency Team
