Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
There’s Money to be Made
Hey, Ross here: Welcome to a new trading week. Things have been playing out as I expect – but I now believe we have a buying opportunity. Chart of the Day Stocks finished lower with major indexes down roughly 2% for the week. The S&P 500 now trades below its 200-day moving average – a […]
Just a Case of “Rates Indigestion”
Welcome to the start of a new week. Markets may still be pulling back – but I still see many opportunities that could be up for the taking. Chart of the Day Above is a weekly chart of Alpha Metallurgical Resources’s (AMR) stock. It has been forming a base for almost a year, and the […]
Why You Shouldn’t be a Bull or a Bear (+ Another Trade Idea)
Hey, Ross here: Here’s an actionable trading idea for you. Chart of the Day Certara (CERT) just finished an exciting March. The medical software company surged 15% to start the month after reporting a solid beat on earnings for the quarter. It jumped again on March 16 when Dow Jones announced the stock would be […]
The Only Thing Better Than a Rally
Hey, Ross here: Welcome to a new trading week. The rally continues… But the only thing better than seeing the market rally is watching the bears lose money as their pessimism proves unfounded. Chart of the Day After a quick break, the market broke through resistance Friday and looks set to continue. I said last […]
The “Spotlight” Technique for Finding Opportunities
Hey, Ross here: Let’s welcome Wednesday with yet another actionable trade idea. Chart of the Day International Game Technology (IGT) just made new 52-week highs. After a shakeout move in mid-March, the stock completed a textbook cup-with-handle pattern and broke out through resistance at $27. The 200-day moving average has turned up, and all other […]
The Fed “Rate Cut” Rally Has Already Begun
Hey, Ross here: I gotta hand it to Powell – he didn’t screw it up for us for traders for once. In fact, he actually managed to do the opposite. Chart of the Day The Dow is now at an all-time high. The S&P 500 is less than 2% of its all-time high and has […]
Does It Really Matter What’s Next?
Hey, Ross here: As expected, it was a quiet session in the markets yesterday with most investors on a “wait and see” mode ahead of the Fed’s meeting, which starts today. And today’s chart – which I also shared last week – is a reminder that the new direction of the markets will likely soon […]
Surprises Create Opportunities
Hey, Ross here: And let’s start the day with yet another actionable trade idea. Chart of the Day Datadog (DDOG) is another AI name that has come back to life in a big way. After falling 68% in last year’s bear market, the stock has surged 58% in just the last two months. The shallow […]
The Truth About Easy Opportunities
Hey, Ross here: And let’s start the day with a chart showing why everything is fine despite all the worry about yesterday’s market drop. Chart of the Day I shared this chart of the S&P 500 last week – but it’s worth looking at the updated one again. As you can see, despite the drop […]
Will This Trigger a Market Bounce?
Hey, Ross here: After a punishing pullback that’s about to enter its third month, the S&P 500 is now back where it was in early June. But yesterday’s price action could herald a market bounce – the Chart of the Day explains why. Chart of the Day This is a chart of the S&P 500. […]
Overbought? I don’t think so
Hey, Ross here: And as we close out a great trading week, let’s look at a chart that dispels the notion that the market is now overbought. Chart of the Day What you see above is the equal-weighted S&P 500 ETF, which is the S&P 500 if every stock is treated as if they have […]
How to Time This Market Bounce
Hey, Ross here: Let’s look at another chart that continues to support my thesis that a short-term market bounce is just beginning. Chart of the Day This is the U.S. Dollar Index about to break below support. While many “gurus” out there love to bandy about the “death of the dollar” narrative, the truth is […]
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