Dear New Money Club Member,
Welcome back from a nice long weekend!
Markets are buzzing, and last week’s pullback is spilling into this shortened trading week.
Today’s weakness is a flush-out before buyers step back in and firm up prices. This is expected after the magnitude jump in the Nasdaq-100 and S&P 500, creating a pocket in price discovery.
Stocks are backtracking and filling that void, which is good. Our advantage is being nimble and picking our spots. And our New Money Monitor has picked up a few signals, but nothing that we need to act on today.
So, we’re going to avoid forcing any new trades today and practice discipline.
But no need to worry … we still have three trading days ahead of us, and tomorrow will provide us some great opportunities.
So, enjoy the rest of your Tuesday, and I’ll talk with you tomorrow with a new trade.
Sincerely,
Joshua M. Belanger
New Money Club