Update on Today’s Hot Money Trade

September 8, 2020

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 higher in the Nasdaq 100 and S&P 500 because it created a pocket in price discovery.

Stocks backtracking and filling that void, which is good.

Our advantage is being nimble and picking our spots.

The Hot 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, because we’ve still got three more days of trading 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.

Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%