Hey friend,
Time to see how markets have been moving as we end the week.
The Daily Direction
Note: As expected, markets closed higher yesterday thanks to the debt deal easily passing Congress. Hopefully we can stop talking about all this debt drama by early next week.
The Daily Nugget
Switching time horizons can show you opportunities you didn’t notice before.
Most traders and investors let their time horizons constrain them.
If they’re a long-term investor, they only pay attention to long-term price movements.
If they’re a short-term trader – like most of us here – they only pay attention to short-term price movements.
But while this might make sense on the surface, it can actually cause you to overlook many opportunities.
For instance, even as a short-term trader, paying attention to the longer-term trend can tell you whether to generally go short or long.
You should still use the short-term charts to identify entry opportunities – but don’t limit yourself to them.
That’s how Ross Givens does it – using the larger trend to provide context, then diving into the shorter-term price movements to spot entries.
And as part of our extended Memorial Day Special (which we’re ending soon), you can get early access to all of Ross’ top opportunities for a full year for just $0.99.
No catch – just pure value. Take advantage of it while you still can.
The Traders Agency Team
P.S. If you want special trade prospects and potential market moves from Ross sent directly to your phone – so you don’t miss out on anything – just text the word ross to 74121.
