Hello, 10-Minute Millionaires! I hope you’re having a great, relaxing weekend after a market week that’s been, admittedly, nuts!
After these wild, Fed-fueled, headline-driven drops and bounces, the question is where do we go from here and how do we profit?
Forgive the somewhat distracting interaction of my olive-green shirt with the green screen in today’s video, as we delve deep into some charts, examine some of my favorite support level data, and look at how deep the latest pullback was and how concerned we should be.
Spoiler alert: We’ve already seen a strong retrace, and that’s been especially good for our TSN calls in Stealth Profits Trader – my Stealth readers have seen the chance to close out three separate legs of this trade for 65%, 100%, and a whopping 204% — all between August 6 and August 8.
I’ve finished up my trip to Scotland, but I’m never done helping you understand the state of the markets. So I wanted to bring you this “D.R. Unfiltered” video I made right before the weekend.
A lot more has happened for the markets in just the past few days of August than the whole month of July. Even though the Fed cut on interest rates was expected last week, markets got scared that it might be the only interest rate cuts for the year. Boy have they reacted poorly. Even despite quick gains back from some of the losses, the markets overall are still experiencing unlikely lows.
Truly it comes down to one fact: the markets are the model of volatility, which is the exact opposite of the stability of the walls behind me. So we’re going to be very selective on our trades. We will adjust how we make our trade plays, so pay close attention to my future instructions this week. We’re still going to be bullish, but for more information check this video here.