Hey friend,
We got the trade deficit numbers this morning, which came in at a near two-year low. The trade deficit with China, in particular, was the smallest in over 21 years.
A much-watched gauge of services activity came in above forecasts, showing steady growth in the US services sector.
Let’s see how markets have been moving.
The Daily Direction
Note: All indexes closed sharply higher yesterday – likely on increased expectations of a Fed rate cut. And while they opened higher this morning, they’ve been ticking lower throughout the day. No change in any index directions.
The Daily Nugget
When you can’t trust the headlines, trust your setups.
The headlines haven’t been much help lately.
One day, it’s talking about how the market is due for a correction.
The next, it’s talking about how the rally has just begun.
If you try to trade based on what the headlines are saying, you’ll get pulled in every direction – and usually at the worst possible time.
This is what happens when uncertainty is high.
The media has no clue what they’re saying…
But they need to say something.
So the result is a confusing mass of conflicting opinions and viewpoints.
This is normal…
But also deadly for the average trader.
That’s why now more than ever, you need to stay grounded…
And trust your setups instead of the headlines.
That’s why tomorrow, Wednesday August 6, at 11 a.m. Eastern…
Head Trader Ross Givens is going LIVE to show you his strategy that has created a staggering 1,988% open gain across 20 positions right now…
And reveal some of the top setups it’s pointing to right now.
So click here to save your seat for his free live training…
And he’ll see you Wednesday morning at 11 a.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
