Hey friend,
It’s a big week for jobs data – starting with the job openings numbers tomorrow.
But today, all we have on deck is some manufacturing activity data, which showed surprising growth.
That’s a good sign for the economy.
The Daily Direction
Note: Indexes closed lower to end last week but have been rebounding today – sending all index directions back into the green.
The Daily Nugget
It “feels” safer to buy at the top – but it usually isn’t.
Before the precious metals selloff last Friday…
There were lines of people in every major city queuing up to buy gold and silver.
This was at the absolute top of the precious metals mania…
Where we saw a parabolic rise in metals like silver…
Which, if you’ve read Head Trader Ross Givens’ newsletter this morning…
You know is actually one of the most dangerous types of price action.
And yet, so many people felt that because the prices had shot up so much…
That it was the “safest” time to buy.
That’s normal human psychology.
Prices going up means people are buying…
And if people are buying, it feels “safe” to join the crowd of buyers.
That’s herd mentality in action.
The reality is a lot more nuanced.
In general, you want to buy when there are other buyers.
But when there are too many buyers – especially those driven purely by FOMO…
Then it becomes a dangerous situation.
So, how do you identify when the environment is filled with the right kind of buyers?
Well, you’ll be able to find out tomorrow, Tuesday February 3 at 11 a.m. Eastern…
When Ross goes LIVE to demo his top strategy for identifying when the best kind of buyers are loading up…
So you can use their money for your profit.
This strategy could have landed you in trades like:
But as Ross will explain tomorrow, this could just be the start.
So click here to register for your free spot…
And Ross will see you Tuesday 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
