| | | See What Other Traders are Missing | | | | There was an old trader who said, “to know what everyone knows is to know nothing.” What he meant was that you couldn’t win in the markets if you used the same indicators everyone else was using.
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While traders focus on the stock market, at least one of the tools they use was designed to track the economy. In the 1800s, Charles Dow created his stock market averages to gain insights into the ups and downs of the economy.
In this article, we look at how traders can replicate Dow’s quest for insights into the economy and describe tools that turn economic news into actionable trading information.
The article covers:
• The relationship between the stock market, the economy and economic data.
• How to extract information from economic data, beginning with the way the news is reported for important insights into how traders are likely to react.
• Details on which data reports could be useful, narrowing the list of hundreds of data series to a handful that can be tracked.
• How to track the data to see if it’s bullish or bearish for the stock market.
• What the most important economic data is telling us about the stock market right now.
And more.
Read it here...
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