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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.
It’s got to be maddening to be an “S&P 500 only” index investor right now: the S&P has been stuck near its late-October highs, yet we’ve had a nearly unbroken run of net new highs with hundreds of stocks hitting fresh peaks, and about two-thirds of S&P 500 names outperforming the index. That’s rotation—mega-cap tech has cooled off and pulled the cap-weighted benchmark sideways, even while the “average” stock across large-, mid-, and small-caps keeps pushing higher. The key distinction is to not confuse the “stock market” with the “market of stocks”: the index is driven by a few giants, but the real opportunity is often in the broader list of stocks quietly making new highs underneath.
It’s Ross Givens here, with Chart of the Day. Entering 2024 with the wind at our backs. As history echoes this year’s double-digit market surge in the final two months, optimism prevails. Brace for a January and first-quarter boom, setting the stage for a promising year ahead. In my journey to navigate these gains, join me in unlocking the potential for a prosperous 2024. Together, let’s seize the opportunities ahead and make the most of the abundant gains on the horizon.
It’s Ross Givens here, with Chart of the Day. From November’s onset to yesterday’s close, the Russell 2000 surged an impressive 24.3%, marking its fourth-largest two-month gain in half a century. Amidst this rally, I see untapped potential for small-caps. With declining interest rates driving increased capital expenditures and a potential resurgence in consumer demand due to falling mortgage rates and inflation, the small-cap momentum might just be starting. But don’t expect a one-way trajectory – join me in today’s Insight to discover why I’m cautious about blindly riding the small-cap wave.
It’s Ross Givens here, with Chart of the Day. Unravel the crucial distinction between market leaders and industry leaders with me. While some 2023 market leaders align with industry dominance, others don’t. The perilous confusion between the two could be costly. Big Tech giants were both in 2023, yet maintaining their market leadership is uncertain. As 2024 approaches, I observe traders clinging to outdated leaders, unaware that small-cap stocks are poised for prominence. Join me in positioning for success with a live masterclass at 4 p.m. Eastern. Discover how historical traders thrived, ensuring your actions now set the stage for a stellar 2024. Save your seat here for a prosperous future. Clear your schedule and anticipate login details in your inbox. See you soon.
It’s Ross Givens here, with Chart of the Day. Dive into the pulse of the market with me as we decode the chart revealing over 80% of stocks soaring above their short and medium-term averages. A robust bull market scenario unfolds, with almost 65% of stocks positioned confidently above their 200-day moving average. In this exclusive sneak peek, I unveil the strategy that echoes market vitality: buy on pullbacks, not sell. Uncover the rationale behind this approach as we dissect the recent pivotal moment in the market – the sharp downturn on Wednesday. Stay ahead in the game with these insights.
Hey, Ross here: I gotta hand it to Powell – he didn’t screw it up for us for traders for once. In fact, he actually managed to do the opposite. Chart of the Day The Dow is now at an all-time high. The S&P 500 is less than 2% of its all-time high and has […]
Hey, Ross here: With market sentiment quickly becoming more and more bullish, some have started to wonder whether stocks can keep going up. Where will the money come from? Today’s chart answers that question. Chart of the Day This is the total amount of assets parked in money market funds – also known as “money […]
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