Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Caution Warranted?
Hey, Ross here: And let’s end the week with a chart that shows us why we should proceed with extra caution moving forward. Chart of the Day The NASDAQ 100 gapped up yesterday on the back of Nvidia’s blockbuster earnings. But it didn’t last, and the market sold off, with all indexes closing significantly lower. […]
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 […]
Proof It’s Not a Deflating Stock Bubble
Hey, Ross here: As you may know, I won’t be sharing any trade ideas this week as I’m still waiting to see how the market consolidates. It’s always better not to trade than to take bad trades. So, for today let’s look at a chart that lends credence to the fact that this new bull […]
Signs of the Next Surge (And a Lesson from Biotech)
Hey, Ross here: And let’s start the day with an interesting chart pointing toward Treasury yields coming down soon – which could be a boon for stocks. Chart of the Day (Chart courtesy of @allstarcharts) The 10-year US Treasury yield now stands at 4.34% – the highest since November of 2007. This means if you […]
This is Your Job as a Trader
Hey, Ross here: And let’s start the new trading week with a review of how the markets are going – and the signs I’m waiting for. Chart of the Day The market continued its sell-off last week with the major indexes falling by over 2% on continuous selling pressure. I commented last week that “leadership […]
How to Trade Like a Lion (Instead of a Sheep)
Hey, Ross here: And let’s look at what the bond market may be telling us about what’s to come for stocks. Chart of the Day (Chart courtesy of @RyanDetrick) Not counting 2023, there have been 21 years where the S&P 500 was up 10% or more in the first half of the year. The combined […]
A Necessary Pivot
Hey, Ross here: And let’s look at what the bond market may be telling us about what’s to come for stocks. Chart of the Day This is the chart for the 10-year US Treasury yields this year – which are now standing at the highest they’ve been in 15 years. On top of that, the […]
Short-Term Memories
Hey, Ross here: And let’s start the middle of the trading week with yet another actionable trade idea. Chart of the Day This is Grayscale’s Ethereum ETF, ETHE – and it is showing strength similar to Bitcoin. Notice how ETHE closed below the 21-day exponential moving average (yellow line on chart) on August 1st. It […]
No Clear Direction?
Hey, Ross here: And let’s start the day my favorite way – with an actionable trade idea. Chart of the Day Grayscale Bitcoin Trust (GBTC) is an exchange traded fund that tracks the movement of Bitcoin. It trades like a stock, so GBTC can be bought in any traditional brokerage account or IRA. You could […]
Retreating Leadership
Hey, Ross here: Welcome to the start of a new trading week. Let’s review what happened last week – and where I see the market going from here. Chart of the Day Leadership is retreating… As I often talk about, every bull market has a “theme” – a specific sector or group of stocks that […]
Adapt or Die
Hey, Ross here: And let’s end the trading week by looking at what it might take for the uptrend to continue. Chart of the Day Technology stocks – particularly big tech stocks – have led the 2023 market rally. The Nasdaq100 index is a good gauge of this particular class of stocks. And as you […]
A Bumpy Ride to the Top
Hey, Ross here: And let’s look at a chart that shows why a bumpy ride to the top is not an anomaly – but the norm. Chart of the Day (Table courtesy of A Wealth of Common Sense) The table above shows a list of the years where the S&P 500 rose by at least […]
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