{"id":21760,"date":"2024-05-01T07:30:27","date_gmt":"2024-05-01T11:30:27","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=21760"},"modified":"2024-05-01T07:30:27","modified_gmt":"2024-05-01T11:30:27","slug":"its-a-traders-world","status":"publish","type":"post","link":"https:\/\/stage.jeffclarktrader.com\/market-minute\/its-a-traders-world\/","title":{"rendered":"It\u2019s a Trader\u2019s World\u2026"},"content":{"rendered":"

Last week was pivotal for the markets…<\/p>\n

In fact, what happened last week could even set the tone for the remainder of the year.<\/p>\n

See, the market contended with two pieces of important economic data.<\/p>\n

The first piece of news came on Thursday, thanks to the release of gross domestic product data (GDP) for the first quarter.<\/p>\n

The result was hugely disappointing. GDP declined at a 1.4% annualized pace in Q1. This was well below the consensus expectation of a 1% gain.<\/p>\n

The second release of economic data was on Friday when the Fed’s key inflation gauge came in slightly hotter than expected.<\/p>\n

The core personal consumption expenditures (PCE) index rose 2.8% in March. Economists were expecting a rise of 2.7%.<\/p>\n

How did the market react to all this data? Well, the S&P 500 ended the week with a net gain of 2.67%.<\/p>\n

While that sounds impressive on the surface, it just means the market traded back to where it was on Monday, April 15.<\/p>\n

The bottom line here is that what markets hate above all else isn’t actually bad news…<\/p>\n

It hates uncertainty.<\/p>\n

A Trader’s Time to Shine<\/h2>\n

For example, if investors are confident the Fed has to keep rates at these higher levels for an extended time, they can price the market accordingly.<\/p>\n

But when the Fed says one thing one month… and then something else the following month, that’s a completely different story.<\/p>\n

Market participants will have a much harder time agreeing on what a “fair” price for the market should be.<\/p>\n

In such conditions, you can expect to see melt-ups quickly followed by minicrashes.<\/p>\n

For traditional buy-and-hold investors, this is a hellscape.<\/p>\n

But for traders, this is their time to shine.<\/p>\n

It’s very important to know when you have an advantage in the market.<\/p>\n

During a runaway bull market, it’s true that buy-and-hold will likely outperform many trading strategies.<\/p>\n

<\/p>\n

\n
\n

Free Trading Resources<\/strong><\/p>\n

Have you checked out Jeff’s free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career \u2013 at zero cost to you. Just click here<\/a> to check it out.<\/p>\n<\/p><\/div>\n<\/div>\n

<\/p>\n

But when the market trades in wide and volatile ranges, buy-and-hold will get you slaughtered.<\/p>\n

If you want to make real inroads with your trading this year, it’s essential you’re comfortable playing both sides of the market.<\/p>\n

You must know when it’s time to be long, but also when it’s time to play big moves to the downside.<\/p>\n

And if the market maintains its bearish reading on my mechanical scoring system<\/a>, we’re likely to have quite a few bearish setups to be showing you.<\/p>\n

Happy trading,<\/p>\n

\"Signature\"<\/p>\n

Imre Gams
Analyst, Market Minute <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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