Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Surprises on the Horizon
Analysts almost always cut earnings estimates as the year goes on. This year, they’re doing the opposite – and that could make the next surprises matter a lot more.
Tech Breakout Incoming?
What if the breakout already started… and most traders missed it because they were watching the wrong part of the market?
An Extremely Frustrating Market
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.
Move Before the Fed (+ a Winning Trade Idea)
Hey, Ross here: And let’s start today with an actionable trade idea that’s already bearing fruit. Chart of the Day Cardlytics Inc. (CDLX) had a spike just a few weeks ago that was over 25x the average volume. That rally led us to a resistance area that previously acted as a support level a few […]
This is What a Market Leader Looks Like
Hey, Ross here: Let today’s chart show you what a market leader looks like. Chart of the Day That’s the entire NASDAQ 100 jumping by 1% on the back of Nvidia’s latest earnings report. In case you haven’t heard, on a year-over-year basis, Nvidia reported: A 171% increase in revenue A 422% increase in net […]
Enough of This Nonsense
Hey, Ross here: And as the debt clown show in Washington continues, here’s a chart that shows why this is likely just a temporary anchor on the market. Chart of the Day The above chart – courtesy of the fine folks at All Star Charts – shows the relative performance of the S&P 500 compared […]
Ross’ Watchlist
Build-A-Bear Workshop (BBW) GNK Price Today by TradingView Build-A-Bear Workshop (BBW) is the Saint Louis-based company founded by the very impressive Maxine Clark who wanted to provide children and their paying parents with experiences from her youth and her love of Teddy Bears. The stores are now ubiquitous in malls around the US – offering … Continue reading “Ross’ Watchlist” The post Ross’ Watchlist appeared first on Stock Surge Daily.
Don’t Be Surprised If This Happens
Hey, Ross here: Welcome to a new trading week. Last week was another good one for the markets – which have been moving almost exactly like I said it would. It feels good to be right. Chart of the Day The markets are playing out as expected. But while the above chart is focused on […]
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 […]
How to Stop Being Average (Plus Another Pullback Opportunity)
Hey, Ross here: And here’s another fast actionable trade idea for you. Chart of the Day STMicroelectronics (STM) is one of the top semiconductor stocks in the industry. Last week it made new all-time highs. Then it pulled back in this week’s growth stock decline. There are several reasons I like this trade. First, look […]
Another Breakout Stock (And a Quick Warning)
Hey, Ross here: Let’s start with another actionable trade idea – followed by a quick warning. Chart of the Day 10x Genomics (TXG) is a biotech stock showing signs of a potential breakout move higher. After a nasty Stage 4 decline that saw shares fall 88% from their peak, TXG has carved out a bottom […]
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