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This is 99% of Trading Success
Hey friend, The weekly jobless claims data is now on the fifth straight week of declines – falling to its lowest level since April. Retail sales also beat expectations… While the increase in import...
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A Surprising Opportunity
Hey, Ross here: It may be the end of the week… But it’s just the beginning of earnings season. So let’s start the day by looking at a chart that shows how they’ve been performing versus expectations....
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The #1 Constant in All Markets
Hey friend, After yesterday’s positive retail sales surprise, we got consumer sentiment data this morning. This latest Consumer Sentiment Index also surprised to the upside, rising to a five-month high...
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What to Expect in the Next Pullback
Hey, Ross here: The major indexes had another good week last week. That said, I wouldn’t be surprised if we see a lower weekly close for this week. As the chart below shows, it seems due. Chart of the...
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How to Stop Emotional Trading
Hey friend, We got some leading economic indicators this morning. It was a slight negative reading – and also came in lower than expectations. The Daily Direction Note: Indexes closed flat or slightly...
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Underrated Sector Driving the Market
Hey, Ross here: Read the financial headlines and it’s all about tech stocks and more tech stocks. And sure, tech is a leading sector – both for the stock market and the economy. But it’s not the only...
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Do This When the Market Feels Choppy
Hey friend, Nothing much on the economic calendar today – just speeches from some Fed members. And it’ll be a light day tomorrow as well, with just existing home sales data being released. Let’s see...
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Textbook Breakout Setup
Hey, Ross here: Although the Nasdaq closed lower yesterday… The S&P 500 eked out a tiny gain to post another new all-time high. But under the surface, the story was a little different. Chart of the...
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You’ll Never Read This in the Headlines
Hey friend, Tomorrow we get the weekly jobless claims as well as a gauge of services and manufacturing activity. But overall, this week is a light one in terms of data releases. Next week – when the...
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The Earnings Overreaction Opportunity
Hey, Ross here: The market had a good day yesterday after Trump announced a trade deal had been reached with Japan. Today, let’s look at a chart that shows why one of the fundamental building blocks of...
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The Playbook for Exploiting Opportunities
Hey friend, We got the weekly jobless claims numbers this morning, which showed unemployment applications falling to a three-month low. We also got a gauge of manufacturing and services activity, which...
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Fooled by Bearishness
Hey, Ross here: Let’s start the day by looking at a chart that explains a so-called “bearish” signal. Chart of the Day This chart shows the percentage of companies experiencing net buying from the...
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Is It “Too Late” to Buy a Rising Stock?
Hey friend, The only big economic release this morning was existing home sales – which came in below expectations. Next week will be a big one – with the Fed meeting combined with major employment and...
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Bull Market Perception vs. Reality
Hey, Ross here: Welcome back to a new trading week. There’s a lot happening this week, with the Fed meeting, mega-cap earnings, as well as critical inflation and employment data. The good news is –...
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How Smart Traders Filter out Irrelevant Information
Hey friend, A lot of big releases this week – starting with consumer confidence tomorrow… But nothing on the calendar today. Let’s see how the markets have been moving. The Daily Direction Note:...
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The “Big Moves” Market
Hey, Ross here: There’s been a lot of people talking about the lack of volatility in the market recently. They’re gauging this by the VIX – which has indeed fallen to the lowest levels since February....
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The Contrarianism/Trend-Following Paradox
Hey friend, This morning we got preliminary data on the trade deficit – which was much smaller than expected. We also got consumer confidence data, which showed a slight rebound in July. Finally, we...
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The Money Keeps Pouring In
Hey, Ross here: There’s no shortage of news articles talking about how President Trump’s policies have turned the international community against America. And yet, as today’s chart shows… International...
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Stop Forecasting (Do This Instead)
Hey friend, This morning we got private sector employment data, which came in substantially ahead of estimates. We also got second-quarter GDP numbers – which showed a topline 3% growth, which was also...
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A Market That’s Still on the Offense
Hey, Ross here: As widely expected, the Fed held rates steady again yesterday. Interestingly, two Fed governors dissented – making it a split decision. As par for the course, markets dipped the more...
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