Hey Traders,
I never watch financial news. At least not on purpose.
But this morning the radio happened to be on and I heard “S&P futures are down on ….”
I didn’t even listen to the end. I think they said something about GDP.
Honestly, it didn’t matter what they said.
If you read yesterday’s newsletter, this was going to happen no matter what.
Sure, the talking heads always need to find something to blame the market’s movements on.
But I’ve told you before — the news doesn’t really matter.
When the market goes up or down, that’s already based on feelings the market already had…
It’s just looking for an excuse to act on those feelings.
So today the headlines were about GDP. Two weeks ago maybe it was tariffs.
Or maybe like I told you a couple of days ago… it’s not the news, it’s the market bouncing off the trendlines.
And as I told you yesterday, now that we’ve above the 20 day and below the 50 and 200 day trend lines, we can expect the market to keep bouncing between them.
So take a look at that chart above.
Every yellow arrow is another time the market ran face-first into one of those trendlines and got rejected.
Again and again. Like clockwork.
That’s not magic.
That’s momentum — and more importantly, structure.
It’s the same structure I follow every day.
The same structure that’s kept me from getting whiplashed by every headline, every talking head, and every “this time it’s different” rally.
If you’re still trying to trade without these guiderails, you’re just guessing.
But if you’ve been with me for a while?
You already know the market doesn’t move on the news.
It moves on the trend.
And right now, the trendlines are doing all the talking.
Trade well,
Jack Carter
P.S. Have you seen these three little-watched stocks that history says are due to pop in May?
