Quote of The Day “A man will lie with his tongue, but never with his wallet... Follow the money to the truth son.”
― Grandfather of The Trader
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My grandfather was a wise [not educated mind you] man who taught me many things... One of the biggest lessons is contained in the quote above.
Truth told, that's probably why I became a price action trader. I suspect had he ever had the opportunity he would have done the same.
The talking heads, investment advisors, fund managers and gurus can say all manner of things about the future direction of the market... but the only thing worth listening to is the whisper of the money flowing through the market... as evidenced by price action. |
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How To Use TAOST Daily Wrap [Video] I should have added done and added this a long time... oh well... sue me. |
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Share... Friends don't let friends trade without TAOST
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Index, ETF and Select Single Stock Performance |
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A Few Headlines Of The Day - Overnight index performances: Hong Kong -1.58%; German DAX -1.89%
- Bond market once again flashing recession signal via inverted yield curve... 3 Month Yield topped 10 Year by most since Financial Crisis
- Strong labor market boosts US consumer confidence... and makes Fed even more wary about inflation...
- Nissan and Renault discussing a remerger... could impact global auto industry... maybe
- Mueller spoke declined to clear 45... essentially told the world he's a criminal
- Weekly mortgage apps dropped 3.3% as spring house hunting draws to a close
- UBER flexing says it will kick low rated riders off the app [stock still can't hold above it's opening trade price of $42]
- ANF - Former retail darling Abercrombie & Fitch closing flagship stores
- Sports Illustrated sold... again...
- AAPL - Chinese ban could HALVE companies phone sales in the country...
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TAOST ES Power Zones & POIs Today |
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| 15m Chart - If you look closely at the Daily and 120m charts you'll see the support zone levels that literally turned the ES back to the upside today. We discussed it in the room right before the end of the session... I came back and took advantage of it... |
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| 120m Chart -- There's that 2764.50 (the bottom of the support zone)... |
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| Daily Chart -- And there's 2767.25... the top of the support zone that turned the ES. |
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Basic Index ETF Performance SPYIt's not surprising that price couldn't drive through the horizontal support level. |
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TAOST Stalk Stock Service Now [NOW]This is a large cap $46bn... That's looking to get larger... |
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As always, make up your own mind and, more important, minimize your risk no matter what you do.
KIS,
The Trader
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P.S. Was this email forwarded to you? Get your own free ticket to the $ party here.
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