Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
MicroStrategy and the Four Stages of the Stock Cycle
MicroStrategy Inc. (MSTR) was one of the top success stories of the post-pandemic stock boom… But we’ve actually never talked about it here in Stock Surge Daily. Given how this story has developed, I have some thoughts on it I want to share with you. If you’re not familiar with the company, MicroStrategy Inc. is … The post MicroStrategy and the Four Stages of the Stock Cycle appeared first on Stock Surge Daily.
Watch These Levels When the Market Makes a Move
The markets have been consolidating in a tightening range over the past two weeks, as you can see highlighted on the chart below. This is very similar to what happened from mid-February to mid-March, which I’ve also highlighted on the chart. The S&P traded in a range of roughly 6% for nearly a full month … The post Watch These Levels When the Market Makes a Move appeared first on Stock Surge Daily.
How We’re Picking Winners & Losers in This Market
I wanted to take some time today to follow up on a few of the ideas I’ve presented to you recently. As you all know, the markets have been trading erratically over the past few weeks. The S&P 500 Index set a new year-to-date low on Friday, only to rally 1.9% on Monday. This has … The post How We’re Picking Winners & Losers in This Market appeared first on Stock Surge Daily.
What To Look for When the Markets Bottom Out
I’ve talked a lot about the four stages of the stock cycle, an idea originally pioneered by legendary trader Richard Wyckoff. The cycle is made up of four distinct stages that have been repeating themselves for more than 100 years. Stage 1: Consolidation Stage 2: Accumulation Stage 3: Distribution Stage 4: Capitulation While most stocks … The post What To Look for When the Markets Bottom Out appeared first on Stock Surge Daily.
Watchlist Update: No Big Surprises for Stocks
Surprise, surprise… Another down week for stocks. As I pointed out last week, the trend is unquestionably bearish. The markets continue to see sellers in control with high volume on the downside. As I write this update, the S&P 500 is trading within 2% of its 52-week low… Not a good sign for bulls. Inflation … The post Watchlist Update: No Big Surprises for Stocks appeared first on Stock Surge Daily.
Watchlist Week of May 23rd, 2022
SPX Corporation (Short Idea) SPX Corporation (SPXC) is a $2.2 billion infrastructure equipment company for the heating and air industry. Here’s how the chart is setting up… And here’s how the stock is setting up with my Stock Surge Indicator (SSI)… Surge score: 38/100 % Above 52-wk low: 13% Sales growth: +7% Return on Equity: … The post Watchlist Week of May 23rd, 2022 appeared first on Stock Surge Daily.
Is This Small-Cap Energy Stock on the Verge of a Breakout?
Well, that was a doozy… Stocks got clobbered again on Wednesday in one of the worst sessions in recent memory. This is what my index watchlist looked like an hour before the close… The Dow ultimately fell 3.6%, the S&P finished the day lower by 4% and the Nasdaq 100 dropped a whopping 5.1%. That’s … The post Is This Small-Cap Energy Stock on the Verge of a Breakout? appeared first on Stock Surge Daily.
When Shorting Stocks, Be the School Yard Bully
Yesterday, I talked about one particular area of the market where stocks are still getting bought… The shipping sector. So, yes, there are some bullish opportunities out there. But for the most part, I continue to see weakness across the board, and I’m maintaining my bearish stance. There are still a lot more short opportunities … The post When Shorting Stocks, Be the School Yard Bully appeared first on Stock Surge Daily.
Even in a Bear Market… These Stocks Are Shipping Strong Gains
I’ve given CNBC’s Jim Cramer a hard time for being more about entertainment than real investing advice. After all, the Mad Money host doesn’t have the best track record when it comes to big calls, as I detailed in a recent article. But there is one thing Cramer is right about… There is always a … The post Even in a Bear Market… These Stocks Are Shipping Strong Gains appeared first on Stock Surge Daily.
Was This the Final Straw for the Stock Market?
As goes Apple, so goes the market? This is a phrase you’ve probably heard before… Apple (AAPL) is the largest US company with a market cap of $2.4 trillion. And it’s the world’s second-largest company, just behind Saudi Arabian Oil Company. So, it would make sense that if Apple moves in a certain direction, the … The post Was This the Final Straw for the Stock Market? appeared first on Stock Surge Daily.
Watchlist Week of May 15th, 2022
Evercore Inc. (Short Idea) Evercore Inc. (EVR) was a market leader following the pandemic selloff of 2020. Shares climbed over 400% before peaking in October. Since then, EVR has reversed course. Here’s how the chart is setting up… And here’s how the stock is setting up with my Stock Surge Indicator (SSI)… Surge score: 37/100 … The post Watchlist Week of May 15th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: These Stocks Are Crumbling Under their Own Weight
Stocks saw more selling last week with each of the major indexes making new 52-week lows. As I pointed out in last week’s update, this was largely expected. Institutions were clearly reducing exposure, as evidenced by the increase in volume on the acceleration down. Given the violence of the recent selloff, I believe we are … The post Watchlist Update: These Stocks Are Crumbling Under their Own Weight appeared first on Stock Surge Daily.
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