
There’s the moment before you crack the code… And the moment after.
For some traders, today is that moment. Click to see how.
Good morning:
We woke up to a bout of volatility this morning… markets keep chopping around as we make sense of bank earnings and repositioning in the bond markets.
With roughly 55% of stocks under their 50-day moving average… now is the time to be very cautious. Futures are red across the board, and capital still hasn’t returned to the market.
Our pressure gauge is sitting around minus 40, the same as yesterday. The FNGD remains above its 20-day moving average, indicating that the bears still have control of momentum.
This is the kind of setup where we start to preach our six rules of negative momentum.
Keep your cash handy, take profits quickly, and avoid getting too committed to any position. I’ll give you those rules this morning…
At 8:45… I’ll explain what’s going on here… and why you need to start playing aggressive defense in these markets.
We’ll give you a copy of our daily cheat sheet - called The Runner - at 9 am.
Plus, we’ll walk you through each sector to provide some insights into how to approach equities right now…
Now’s the time to be active… get in the room with us… and get the trades.
See you soon,
Garrett Baldwin