Stock Surge Daily
Bear Trap Rally? It Doesn’t Matter
Hey, Ross here: The market rally I said would happen is picking up pace faster than I anticipated. Just look at the Chart of the Day. Chart of the Day This is the Nasdaq “gapping up” yesterday (aka opening at significantly higher price than the previous day’s closing price)… Catapulting it over the “neckline” formed […]
Next on the Market’s To-Do List
Hey, Ross here: As widely expected, the Fed held interest rates steady yesterday. Most surprisingly, Powell didn’t screw this beginning rally up – despite doing his best to keep the door open for future rate hikes. With that said, let’s look at a chart that explains what’s next on the market’s to-do list. Chart of […]
What’s Happening Beneath the Surface
Hey, Ross here: The market has continued to bounce – just as I said… But what comes out of Powell’s big mouth later today will be key in determining where this bounce will be sustainable or not. In the meantime, check out an interesting chart that shows what’s going on “beneath the surface” of the […]
The Opportunity Window Just Opened
Hey, Ross here: As I said yesterday, with the market oversold, a market bounce is starting. And that’s an opportunity. Chart of the Day This chart shows the percentage of S&P 500 stocks trading above their 200-day moving average. As you can see, as of last Friday, that percentage was the lowest it has been […]
There’s Money to be Made
Hey, Ross here: Welcome to a new trading week. Things have been playing out as I expect – but I now believe we have a buying opportunity. Chart of the Day Stocks finished lower with major indexes down roughly 2% for the week. The S&P 500 now trades below its 200-day moving average – a […]
Don’t Forget About This
Hey, Ross here: The market is playing out almost exactly as I said it would. And as today’s chart shows – investor sentiment is quickly following suit. Chart of the Day This is the level of bearish sentiment as surveyed by the American Association of Individual Investors (AAII) juxtaposed with the S&P 500. Bearish sentiment […]
The Ideal Buying Window
Hey, Ross here: The S&P 500 just breached two key levels – let’s look at what that means for what’s to come. Chart of the Day The S&P 500 just pierced through its 200-day moving average AND the 4,200 mark, with the latter being a key psychological level that also served as strong resistance earlier […]
You Don’t Have to Wait
Hey, Ross here: Let’s look at a chart that shows just how divided the market has been this year – and how we can use that to our advantage. Chart of the Day Chart courtesy of @WillieDelwiche on Twitter This is a chart showing the difference between the number of stocks making new highs vs. […]
Follow the Leader
Hey, Ross here: Things are playing out as I expected – and today’s chart just shows one more reason why. Chart of the Day This is the S&P 500 falling – and still staying – below its 200-day moving average (red line on chart). The 200-day moving average is a critical level as it not […]
What’s Going to Happen Next
Hey, Ross here: Welcome to a brand-new trading week. As today’s chart again shows, things have been playing out just as I predicted… So read on to see what’s likely to happen next. Chart of the Day If my prediction for what’s going to happen to the markets is correct – as it has been […]
From Volatility to Opportunity
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 […]
Good News Amid the Final Leg Down
Hey, Ross here: One of the best ways to gauge the health of the market is by looking at the market leaders. And the undisputed market leader of 2023 – Nvidia – is showing that the final leg down for the market may soon be here. Chart of the Day This is NVDA forming what […]
Stop watching.
Start winning.
50,000+ traders get our daily brief before the market opens.
You're subscribed!
Check your inbox.
Free. No spam. Unsubscribe anytime.
