It’s like Groundhog Day!
This week will sound much like the last few weeks.
Yet another choppy week means we still have to be patient, but this is exactly where the money is made.
Because we know exactly what we’re looking for, we can focus on “Trading What We See” … and right now what we see is a bit of a mess!
But times like this inevitably lead to great setups in the coming weeks, so stay patient and keep doing the homework. This is how the great investors and traders make their money.
To that end I cannot emphasise how important it is to stick to my rules. These rules keep you out of trouble, especially during choppy times like this. And they make you money on a consistent basis with our high probability setups.
The curious thing is that in the earnings season just past, a big majority of S&P stocks beat analysts’ estimates, and aggregate earnings growth was unchanged after the expectations were for minus 3%.
So my instinct is that what we’re experiencing right now will ultimately lead to a flood of great setups in the next couple of months.
So again … do the homework and be patient so you’re ready when the real fun starts up again!
