Everyone has their eyes on what the Fed’s move will be tomorrow. In the meantime, here’s how the markets have been moving.
The Daily Direction
Note: Yesterday’s dip caused the long-term direction of the NASDAQ to flip negative again. But otherwise, everything else is still green.
The Daily Nugget
Pay attention to volume as well as price.
Everyone knows to pay attention to a stock’s price action. But what many traders – particularly beginners – tend to overlook is the stock’s volume.
Why is volume so important? The first is that it gives us important clues as to whether the institutional money is in the stock or not. And second is that it can tell us whether a breakout move – whether upward or downward – will be sustainable.
So, next time you’re analyzing a potential setup, make sure you pay attention to volume as well as price.
Now, if you prefer to have high-percentage setups handed to you on a silver platter? Then make sure you watch this. It’s a strategy that has an “inbuilt” advantage that most traders simply cannot replicate – potential insider information.
The Traders Agency Team
P.S. Ross’ LIVE presentation on his “turbocharged” MVP stock pattern today was a MAJOR success. Thousands of people signed up to attend.
But here’s the good news if you missed it – Ross has kindly agreed to make a replay available for those who couldn’t make it. But it won’t stay up for long, so make sure you click here to watch the replay while you still can.
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