Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
The Only Thing That Matters
Hey friend, Time to see how markets have been moving as we enter the middle of the trading week. The Daily Direction Note: The will-they-or-won’t-they debt ceiling saga continues – this time sending markets to a negative close. The Daily Nugget It’s not about how often you win (or lose) – but how much you […]
The Debt Ceiling Opportunity Everyone’s Missing
Hey, Ross here: And here’s yet another actionable trade idea to kick off the trading day. Chart of the Day The LionsGate movie company looks very appealing here. The stock has already doubled this year, and it looks like it wants to run further. This was a $20 stock two years ago, so there is […]
Beware These So-Called Growth Stocks
Hey friend, Time to see how markets have been moving. The Daily Direction Note: Debt ceiling negotiations were in the spotlight once again, resulting in a mixed but overall positive close for the markets. No change in any index directions. The Daily Nugget “Beware of well-known companies that everyone regards as ‘official’ growth stocks.” The […]
This is Just the Beginning
Hey, Ross here: And let’s start the day with an actionable trade idea. Chart of the Day Pacific Biosciences of California (PACB) is another great looking compression pattern forming below the $12.50 area. Notice how the pullback area has gotten very tight and trading has been contained to a narrow range over the last three […]
Perpetual Confusion
Hey friend, Let’s see how markets have been moving as we start a new trading week. The Daily Direction Note: Despite the market whipsawing thanks to the “will they, won’t they” nature of the debt ceiling negotiations, it was a good week for the markets, with both the S&P 500 and NASDAQ Composite registering the […]
It’s Official – I’m Calling It
Hey, Ross here: And let’s start the trading week with more good news – the sign that a very real breakout in the S&P 500 is finally here. Chart of the Day At the end of last week, the S&P 500 made a new high for the year. If you’ve been paying attention to this […]
The Market is Sizzlin’
Hey friend, Time to see how markets have been moving. The Daily Direction Note: Another positive close yesterday as the markets believe the debt ceiling standoff would soon be resolved. The Dow Jones’ short-term direction flipped back upwards. The Daily Nugget Trading profits are never spread evenly – you must strike when the iron is […]
Retail Traders Missing Out on This
Hey, Ross here: And let’s end the trading week with a chart that gives us plenty of reason to be optimistic about the rest of the 2023 trading year. Chart of the Day This is the chart of the Nasdaq-100 – the 100 largest non-financial companies listed on the Nasdaq – going back one year. […]
Are You Relying Too Much on This?
Hey friend, Time to see how markets have been moving. The Daily Direction Note: Big up day for the markets yesterday, with the markets now optimistic on a US debt ceiling deal (flip-flop much?). Multiple index directions flipped upward. The Daily Nugget The trend is your friend – but don’t rely too much on him. […]
Market-Crushing Numbers
Hey, Ross here: And let’s start with a trading idea that’s already paying dividends – but could still have room to run. Chart of the Day Collectible company Funko (FNKO) took a beating in last year’s bear market. But the stock is quickly coming back to life. FNKO surged on earnings a couple weeks ago […]
How to Think About the News
Hey friend, Let’s see how markets have been moving. The Daily Direction Note: A generally lower close yesterday as worries increased about whether the debt ceiling standoff would be resolved in time. Only the NASDAQ closed higher – and several indexes’ directions flipped downward. The Daily Nugget The news is just data points – not […]
Is Your Identity Holding Back Your Trading?
Hey, Ross here: And here’s an interesting “ratio” chart (courtesy of All Star Charts) that cements my view that tech is where we should be looking for breakouts right now. Chart of the Day The chart above shows the ratio of the XLK – the Technology Select Sector SPDR Fund – to the S&P 500. […]
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