Hey friend,
Weekly jobless claims came in below consensus, while retail sales data showed growth far above consensus.
This data indicates that fears of the impending recession were – as Ross Givens noted – largely overblown.
We’ll see how the market digests all these over the coming days.
The Daily Direction
Note: All indexes except the Russell 2000 closed higher again yesterday. The small-cap Russell 2000 gapped up this morning, sending both its short and medium-term directions back upward.
The Daily Nugget
By the time things become “certain” it’s too late.
The market is what is called a discounting mechanism.
It discounts future expectations, translating them into present prices.
This means the more “certain” things become, the more this certainty has already been priced in.
That’s why if you wait until it’s “certain” the bull market will resume – you’ll already have missed out on most of the gains to be had.
And that’s why tomorrow morning at 11 a.m. Eastern…
Head Trader Ross Givens is going LIVE for a masterclass showing how to follow a group of traders who can be almost dead-on certain that a stock they buy is going to go up…
The corporate insiders legally permitted to trade their own company stock.
One stock these insiders bought at the end of July – and one that Ross alerted his inner circle to follow – is now up over 60%.
And with the market recovery ramping up, this could just be the start.
So, if you haven’t yet, please click here to secure your seat for Ross’ LIVE insider masterclass tomorrow morning…
Where he’ll show you:
- How to access the database containing the records of all these insider trades…
- The subtle yet dangerous mistakes traders make when trying to follow these insiders…
- And the 3 counterintuitive insider buying signals you must know about.
Don’t wait for things to become “certain” – take action now.
Ross will see you at 11 a.m. ET tomorrow.
Watch out for the login info in your inbox before it begins.
The Traders Agency Team
