It’s the last week of what has been a very choppy, sideways February for the broader markets. I don’t expect that to change this week. But when we “slice” the market a bit more, a different picture emerges.
It’s the last week of what has been a very choppy, sideways February for the broader markets. I don’t expect that to change this week. But when we “slice” the market a bit more, a different picture emerges.
The market today isn’t the same as the AI-driven bull market of 2023–2024 (or even 2025). As I’ve been saying, we’re seeing a massive rotation in a “dispersed” market. To top all that off – as today’s chart shows – uncertainty is also at all-time highs.
Yesterday I talked about the dispersion we’re seeing in the markets, about how we’re seeing a sharp rise in BOTH winners and losers. Today’s chart shows just how stark that theme really is.
The market chop continues but the Feb 5 low continues to hold as support. Still, don’t expect this bumpy ride to end anytime soon, especially not with this strange paradox happening right now.
Stocks have been slaughtered this year… The S&P 500 is still down over 22%, while the Nasdaq 100 is off nearly 35%. One strategy for avoiding this drawdown was to reduce overall exposure to the market. And that worked for a while. But a trader can’t sit on the sidelines forever. At some point, you … The post How Do You Know When a Stock is Done Falling? appeared first on Stock Surge Daily.
This morning, I am sharing a recent trade idea that was uncovered by my friend and expert trader Anthony Speciale. Anthony is one of the best traders I’ve ever met… While he has a sweet spot for the energy sector, he’s really just a technical trader when it comes down to it. That means he … The post How to Hit the Trading Apex appeared first on Stock Surge Daily.
The market is looking forward to this afternoon’s interest-rate decision from the Federal Reserve. Expectations are for another 0.75% rate hike, which would bring the target federal funds rate range to 3.75%-4%. As you can see in the chart above, that would be the highest level for fed funds since about 2008. You’ll also notice … The post Key Levels to Watch During Today’s Fed Meeting appeared first on Stock Surge Daily.
We’ve talked about a lot of different technical chart patterns over the past few months. We’ve covered a variety of bullish and bearish patterns as well as continuation and reversal patterns. Learning to identify technical trading patterns is a task that will pay dividends over time… But the individual candlesticks that form throughout each and … The post How We Derive Meaning from Market Candlesticks appeared first on Stock Surge Daily.
HealthEquity, Inc. (Long Idea) The health care sector has been strong all year, and HealthEquity, Inc. (HQY) is one stock I’ve been watching in particular. In the midst of a nasty bear market, HQY has managed to nearly double since the start of the year. The stock has formed a base over the last several … The post Watchlist Week of October 31st, 2022 appeared first on Stock Surge Daily.
The market’s ability to rally while the previous market leaders fall tells me we are likely near the bottom of this bear market. The post Watchlist Update: Finally, a Good Sign for Stocks appeared first on Stock Surge Daily.
If you have a gambler’s mentality, you’ve likely made a few “bets” on company earnings. After all, traders love earnings season. It’s when the biggest moves tend to happen. If a company reports sales and earnings that beat expectations, the stock can gap dramatically higher. The opposite is also true… If a company reports sales … The post Want a Simple Way to Reduce Risk During Earnings Season? appeared first on Stock Surge Daily.
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