Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Hey, Ross here: Hope y’all had a great Memorial Day weekend. It may be a shortened trading week this week, but that doesn’t mean there aren’t just as many juicy opportunities for us to target. I’ll share those starting tomorrow, but first – let’s look at a chart that gives us a small reason to […]
Hey, Ross here: As we close out the trading week, let’s look at a chart that reminds us of just what’s possible when we get things right. Chart of the Day The chart above shows NVIDIA spiking by 25% and adding about $200 billion of market value in a single day thanks to blowout forward […]
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 […]
Hey, Ross here: And here’s yet another actionable trade idea to kick off the trading day. Chart of the Day The LionsGate movie company looks very appealing here. The stock has already doubled this year, and it looks like it wants to run further. This was a $20 stock two years ago, so there is […]
Hey, Ross here: And let’s start the day with an actionable trade idea. Chart of the Day Pacific Biosciences of California (PACB) is another great looking compression pattern forming below the $12.50 area. Notice how the pullback area has gotten very tight and trading has been contained to a narrow range over the last three […]
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 […]
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. […]
Hey, Ross here: And let’s start with a trading idea that’s already paying dividends – but could still have room to run. Chart of the Day Collectible company Funko (FNKO) took a beating in last year’s bear market. But the stock is quickly coming back to life. FNKO surged on earnings a couple weeks ago […]
Hey, Ross here: And here’s an interesting “ratio” chart (courtesy of All Star Charts) that cements my view that tech is where we should be looking for breakouts right now. Chart of the Day The chart above shows the ratio of the XLK – the Technology Select Sector SPDR Fund – to the S&P 500. […]
Hey, Ross here: And let’s start off with yet another actionable trade idea. Chart of the Day Biotech stocks can make huge moves, and this one is no exception. TGTX more than doubled in a month and is showing no signs of slowing down. Slower-trending, blue chip stocks tend to ride their 50-day moving average […]
Hey, Ross here: And before I announce what the fear-mongering mainstream media won’t, here’s an actionable trade idea to start your week. Chart of the Day Datadog (DDOG) is trying to put an end to what has been a vicious Stage 4 downtrend. The stock fell 68% in last year’s bear market but is now […]
Hey, Ross here: And here’s an encouraging chart showing inflation may be slowing down much faster than expected. Chart of the Day That’s the US and China Producer Price Index (PPI), which is a measure of producer prices (in the same way the CPI measures consumer prices). As you can see, Chinese producer prices have […]
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