All three major indexes are down.
In fact, in my custom-built TrendPoint software I use to track the markets…
All three indexes are below 2 of the 3 trend points I use to determine the broad direction of markets.
Now, when the markets are bullish, these trend points act as points of support, pushing stocks and indexes higher.
But when the markets are bearish, as they are now, they become points of resistance, pushing prices down.
With this in mind, there’s a lot of overhead resistance on a lot of formerly high-flying tech stocks, like NVDA and AVGO.
And because I never like to trade against the market, I’m flipping my strategy.
The best part about being able to trade the market in two directions ISN’T the money I’m going to make.
It’s the fact that I can trade at all!
Because think about it: when you only know how to trade stocks going up, you get frozen out of a market like the one we’re in now.
By contrast, all I need to do is use take my same usual strategy and turn it “upside down”…
So I urge you: Discover how to use stocks as an asset to create income — no matter which way the market is going.
You’ll sleep better at night.
Check this out: Here’s one way I’m thriving in this market.
Trade well,
Jack Carter