Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
The “Fed Indecision” Opportunity
Hey, Ross here: And here’s a chart highlighting the market indecision caused by the Fed yesterday. Chart of the Day The Fed paused hikes as expected yesterday. But it was also more hawkish than expected in its statement, hinting that it might hike rates two more times this year. This has created a bit of […]
Get Ready for the Brakes to Come Off
Hey, Ross here: Welcome to another edition of Stock Surge Daily. Here’s an actionable trade idea to start your day. Chart of the Day Hims & Hers Health (HIMS) is another high growth name. Sales have nearly doubled in each of the last four quarters and losses are steadily declining. Much like ONON, HIMS stock […]
Why The 4,300 Mark Was So Critical
Hey, Ross here: The S&P 500 just closed at a new 52-week high – past the 4,300 resistance level. I like what I’m seeing in the markets. So let’s start the day with an actionable trade idea. Chart of the Day UBS analysts doubled down on its bullish view on OnCloud’s (ONON) stock last Friday. […]
If Only You Had Done This…
Hey, Ross here: Welcome to the start of another trading week. I’m going to open it with a saying that I believe everybody on earth loves to say – I told you so. Chart of the Day I have been pounding the table since March that this is a new bull market. Week after week […]
Exploit the Small-Cap Breakout
Hey, Ross here: We’re at the end of another trading week. And things are looking good. Chart of the Day That’s the chart of the Russell 2000 index, which essentially tracks the performance of US small-cap stocks. As you can see from the chart, it’s firmly broken out past its resistance level as it races […]
Flushing Out the Bears
Hey, Ross here: And let’s start the day with another high potential trade idea. Chart of the Day Kingsoft Cloud Holdings (KC) provides services such as cloud storage and cloud computation services. It is the web cloud service of China, so to speak. The company has recently had a nice run in price where it […]
Overcorrection Opportunities (Plus a Profitable Trade Idea)
Hey, Ross here: And let’s begin the day with a trade idea that’s already profitable with strong legs remaining. Chart of the Day Aaron’s Holding Company (AAN) saw a tightening in a wedge formation after making a higher low and holding above our long term 200-day moving average. This is a sign of sellers and […]
This is Why I’m Excited…
Hey, Ross here: And here’s a chart that shows just why the current market rally is so exciting. Chart of the Day The chart above is for the Equal Weight S&P 500 ETF, which is an ETF that tracks the S&P 500 IF every company on there had equal weight – instead of being weighted […]
Breakouts… Breakouts Everywhere
Hey, Ross here: A new trading week is upon us – and I can feel it’s going to be a good one. I explain why below. Chart of the Day The market has finally broken above the level that we can see it has reacted off of multiple times in the past year. Everytime we […]
The Market’s “Profit Formula” is Now Clear
Hey, Ross here: It’s not just the trading week that’s behind us, but the month of May and the second quarter of 2023 to boot. With that in mind, let’s look at some evidence to counter the still-pervasive bear market narrative. Chart of the Day The above is a simple line chart of the S&P […]
What Did I Tell You? (And Another Breakout Opportunity)
Hey, Ross here: And let’s start Thursday with another fast and actionable trade idea. Chart of the Day InterDigital (IDCC) is another high-flier taking a pause to digest its recent surge. Investors loved the most recent earnings report and drove the stock up 28% in a week. The run happened on good volume with nice […]
Act Before This Happens (Plus a Breakout Stock)
Hey, Ross here: And let’s start off Wednesday with a trade idea that’s already bearing fruit. Chart of the Day Micron (MU) is a semiconductor stock riding some of the momentum from last week’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of […]
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