Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
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 Path of Least Resistance
Hey, Ross here: Welcome to a brand-new trading week. Before we dive deeper into what’s going on in the stock markets, let’s look at a chart that illuminates just what an anomaly the era of low interest rates truly was. Chart of the Day The days of 3% mortgages are over. And we may never […]
Defiant Momentum
Hey, Ross here: And let’s start a brand-new trading week with an actionable trade idea. Chart of the Day On Holding (ONON), the popular athletic shoemaker, has been a favorite of mine since the beginning of the year. Hot retail brands have been some of the biggest success stories in the stock market, so I […]
What the Dollar is Saying About the Stock Market
Hey, Ross here: And before we head off for the weekend, let’s look at a chart that has been inversely correlated with the stock market’s performance this year. Chart of the Day This is the DXY – the U.S. Dollar Index. And as you can see, it has largely been inversely correlated to the stock […]
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 […]
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 […]
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 […]
Agility Amid Uncertainty
Hey, Ross here: And here’s an actionable trade idea to start your day. Chart of the Day On Holdings (ONON), the maker of OnCloud tennis shoes, is one of the hottest stocks in the market right now. It went public in 2021, just in time to get hammered in the bull market. But shares have […]
No Defensiveness Detected
Hey, Ross here: And let’s look at an interesting chart that bodes well for another rally in tech. Chart of the Day (Chart courtesy of @allstarcharts) The above chart shows the ratio of the Consumer Staples Sector (SLP) vs the S&P 500. It’s made a new 52-week low, which means that – despite the positive […]
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. […]
Is Sentiment About to Flip?
Hey, Ross here: The market is still “stuck” – though we’re just a hair’s breadth away from the July highs. So in the meantime, let’s look at an actionable trade idea to start the day. Chart of the Day Trex Company Inc (TREX) looks buyable here as it breaks through the pivot at $69. TREX […]
Don’t Blame Fitch
Hey, Ross here: And let’s look at a chart that examines yesterday’s pullback beyond just blaming it on Fitch downgrading America’s credit rating. Chart of the Day (Chart courtesy of @murphycharts on Twitter) When markets are on the verge of breaking through a resistance level, it’s natural to see pullbacks along the way. These pullbacks […]
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