Ross Givens
Chief Market Strategist
Ross Givens is a veteran trader with over 15 years of experience and a former VP at a major Wall Street investment bank. Specializing in small-cap stocks and momentum-driven plays, Ross identifies high-probability setups before they hit the mainstream. As Lead Strategist at Traders Agency, he has guided hundreds of successful trades and developed multiple flagship publications.
Watchlist Update: No Big Surprises for Stocks
Surprise, surprise… Another down week for stocks. As I pointed out last week, the trend is unquestionably bearish. The markets continue to see sellers in control with high volume on the downside. As I write this update, the S&P 500 is trading within 2% of its 52-week low… Not a good sign for bulls. Inflation … The post Watchlist Update: No Big Surprises for Stocks appeared first on Stock Surge Daily.
Watchlist Week of May 23rd, 2022
SPX Corporation (Short Idea) SPX Corporation (SPXC) is a $2.2 billion infrastructure equipment company for the heating and air industry. Here’s how the chart is setting up… And here’s how the stock is setting up with my Stock Surge Indicator (SSI)… Surge score: 38/100 % Above 52-wk low: 13% Sales growth: +7% Return on Equity: … The post Watchlist Week of May 23rd, 2022 appeared first on Stock Surge Daily.
Is This Small-Cap Energy Stock on the Verge of a Breakout?
Well, that was a doozy… Stocks got clobbered again on Wednesday in one of the worst sessions in recent memory. This is what my index watchlist looked like an hour before the close… The Dow ultimately fell 3.6%, the S&P finished the day lower by 4% and the Nasdaq 100 dropped a whopping 5.1%. That’s … The post Is This Small-Cap Energy Stock on the Verge of a Breakout? appeared first on Stock Surge Daily.
When Shorting Stocks, Be the School Yard Bully
Yesterday, I talked about one particular area of the market where stocks are still getting bought… The shipping sector. So, yes, there are some bullish opportunities out there. But for the most part, I continue to see weakness across the board, and I’m maintaining my bearish stance. There are still a lot more short opportunities … The post When Shorting Stocks, Be the School Yard Bully appeared first on Stock Surge Daily.
Even in a Bear Market… These Stocks Are Shipping Strong Gains
I’ve given CNBC’s Jim Cramer a hard time for being more about entertainment than real investing advice. After all, the Mad Money host doesn’t have the best track record when it comes to big calls, as I detailed in a recent article. But there is one thing Cramer is right about… There is always a … The post Even in a Bear Market… These Stocks Are Shipping Strong Gains appeared first on Stock Surge Daily.
Was This the Final Straw for the Stock Market?
As goes Apple, so goes the market? This is a phrase you’ve probably heard before… Apple (AAPL) is the largest US company with a market cap of $2.4 trillion. And it’s the world’s second-largest company, just behind Saudi Arabian Oil Company. So, it would make sense that if Apple moves in a certain direction, the … The post Was This the Final Straw for the Stock Market? appeared first on Stock Surge Daily.
Watchlist Week of May 15th, 2022
Evercore Inc. (Short Idea) Evercore Inc. (EVR) was a market leader following the pandemic selloff of 2020. Shares climbed over 400% before peaking in October. Since then, EVR has reversed course. Here’s how the chart is setting up… And here’s how the stock is setting up with my Stock Surge Indicator (SSI)… Surge score: 37/100 … The post Watchlist Week of May 15th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: These Stocks Are Crumbling Under their Own Weight
Stocks saw more selling last week with each of the major indexes making new 52-week lows. As I pointed out in last week’s update, this was largely expected. Institutions were clearly reducing exposure, as evidenced by the increase in volume on the acceleration down. Given the violence of the recent selloff, I believe we are … The post Watchlist Update: These Stocks Are Crumbling Under their Own Weight appeared first on Stock Surge Daily.
How We’ll Know the Worst is Behind Us
Yesterday, I talked about three technical reasons why there could be more selling in store for this market. One of them was the action in the S&P 500 Volatility Index (VIX), also known as the market’s “fear gauge.” Without getting into the details of how it is calculated, what you need to know is that … The post How We’ll Know the Worst is Behind Us appeared first on Stock Surge Daily.
Three Big Reasons Why The S&P 500 Could Fall Further
The S&P 500 (SPX) index has closed lower in each of the last five weeks. That figure is set to increase to six down weeks in a row if we don’t see a turnaround by Friday’s close. And it would have to be some turnaround… The index is down another 3.2% this week and breaking … The post Three Big Reasons Why The S&P 500 Could Fall Further appeared first on Stock Surge Daily.
How We Scored a Massive Return in Pegasystems Stock in Just 8 Days
Recently, I reminded you about the old Wall Street adage, “Don’t fight the Fed.” Well, with the Federal Reserve on the warpath to defeat inflation with tighter monetary policy, fighting the Fed would mean going long and buying stocks. So, we did just the opposite… In my premium trading service, Alpha Stocks, we decided to … The post How We Scored a Massive Return in Pegasystems Stock in Just 8 Days appeared first on Stock Surge Daily.
The BTC Bubble is Playing Out Exactly as I Said It Would
One year ago, I published a Stock Surge Daily article entitled “Beat the BTC Bubble.” I compared the rise in BTC to other notable bubbles in history and broke down the five stages every bubble has followed throughout history. I encourage you to review it as this phenomenon will undoubtedly continue for centuries to come. … The post The BTC Bubble is Playing Out Exactly as I Said It Would appeared first on Stock Surge Daily.
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