On days like this, we must remain disciplined and only take trades that meet our criteria.
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The Nasdaq was down today… I don’t think this is “the end” of the tech trade. Just profit taking! A little rotation just sets up new opportunities for us to take advantage of.
Stocks were up again this morning after Trump went on Twitter to smooth things out, saying the China deal is still on the table. I didn’t think we’d be talking about trade war stuff this week, but here we are!
I’m not going to spend too much time on the “why”, I’m much more interested in the “how”. As in, how can we profit in this environment?
Yesterday’s action in the NASDAQ triggered a broad market breakout today. Pushing the whole market higher as well as our position on gold. Take action today if you haven’t already!
We’ll have to watch closely through the afternoon to see how things shape up...
In Sunrise Profits, Greg shares his thoughts on the quiet market day.