Hey, Ross here: And let’s look at a type of trade idea we haven’t seen in a while. Chart of the Day Hims & Hers Health (HIMS) is a potential short trade that could deliver a nice gain if the market pulls back. I am still focused on buying opportunities, but it never hurts to […]
Hey, Ross here: And let’s look at what the bond market may be telling us about what’s to come for stocks. Chart of the Day (Chart courtesy of @RyanDetrick) Not counting 2023, there have been 21 years where the S&P 500 was up 10% or more in the first half of the year. The combined […]
Hey, Ross here: And let’s start the day with an actionable trade idea that’s already bearing fruit. Chart of the Day Redfin (RDFN) is a powerful stock, but it also has a history of 15-20% pullbacks throughout its up moves. We bought RDFN in my Alpha Stocks service on June 27 when it broke out […]
Hey, Ross here: A brand-new trading week is here. So let’s look at an interesting chart that helps decipher what really went down in the markets last week. Chart of the Day The above chart – courtesy of Bloomberg’s Chief Equity Strategist – shows the 14-day Relative Strength Index (RSI) for the S&P 500. The […]
Hey, Ross here: And here’s an encouraging chart showing inflation may be slowing down much faster than expected. Chart of the Day That’s the US and China Producer Price Index (PPI), which is a measure of producer prices (in the same way the CPI measures consumer prices). As you can see, Chinese producer prices have […]
Hey, Ross here: We’re at the end of another trading week. And things are looking good. Chart of the Day That’s the chart of the Russell 2000 index, which essentially tracks the performance of US small-cap stocks. As you can see from the chart, it’s firmly broken out past its resistance level as it races […]
Hey, Ross here: Let’s start the day with an actionable trading idea. Chart of the Day Kyndryl Holdings (KD) is a stock pushing up against a big resistance level. The enterprise software company went public in late 2021 just in time to get murdered by last year’s bear market. But KD is now trying to […]
Hey, Ross here: And as we close out the week, let’s look at what’s really been dragging the market down. Chart of the Day That’s the KBW Regional Bank Index, which tracks the aggregate performance of 50 US regional banks. Since the beginning of March, it’s been almost a one-way trip down. First Republic Bank has now […]
Hey, Ross here: It’s the end of the week and markets keep pulling back – just as I predicted… Especially after Powell had to go open his big mouth again to say that the Fed “was not seeing evidence that monetary policy is too tight”. There’s a bright side to all this, which I’ll share […]
Hey, Ross here: And let’s look at a chart that shows why a bumpy ride to the top is not an anomaly – but the norm. Chart of the Day (Table courtesy of A Wealth of Common Sense) The table above shows a list of the years where the S&P 500 rose by at least […]
Hey, Ross here: Let’s start the day with yet another actionable trading idea. Chart of the Day The second best sector over the last 30-days has been cybersecurity. Cybersecurity stock Vmware (VMW) is completing a 2-year cup and handle pattern that looks poised to breakout higher. Heavy buying volume, support at the 50-day moving average, […]
Hey there, Trader Where should I buy a stock? How do I know if the price is too high? Is this the beginning of a move? Or the end of one? These are some of the hardest questions we face as traders. No one wants to be the jerk who bought the top. But nothing […]
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