Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Was the 2023 Bull Market Fake News?
Hey, Ross here: Welcome to the start of October and the fourth quarter of the year. With nine full months behind us, it’s time to lift up the hood and look at what’s really happened in the 2023 “bull market”. Chart of the Day This chart says it all. The vast majority of the gains […]
Good Riddance (and Get Ready)
Hey, Ross here: Today is the last trading day for the month and the quarter. The third-quarter of the year has traditionally been a weak one for the markets, with September being even worse (check out the Chart of the Day). So all I have to say is – good riddance. Chart of the Day […]
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. […]
This Is What I’m Watching For
Hey, Ross here: After the market’s big down move yesterday, let’s start the day with yet another actionable short trade idea. Chart of the Day Dicks Sporting Goods (DKS) is toast. After a hideous earnings report, the stock fell 24% in a single day on its highest trading volume in over a year. This is […]
History Is On Our Side
Hey, Ross here: And as I mentioned yesterday, let’s start the day with a fast actionable trade idea – this time to the short side. Chart of the Day Applied Materials (AMAT) has been a strong performer this year, but the stock is showing signs of rolling over. After failing to find buyers at the […]
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 […]
How to Survive This Bumpy Ride
Hey, Ross here: Markets are still digesting the Fed’s latest decision – and based on yesterday’s price action, it looks like a case of indigestion. When trying to see where the market will go next, one important chart to pay attention to is the 10-year Treasury yield – which just “gapped up”. Chart of the […]
The “Prattling Powell” Opportunity
Hey, Ross here: As expected, the Fed held interest rates steady yesterday. But in the post-meeting press conference, the more Powell spoke, the more indexes slid. Par for the course for a lot of the stuff that comes out of his mouth. And that’s just not something I’m saying because I don’t like the guy […]
99% Chance of the Fed Staying Put Today?
Hey, Ross here: It’s the day everyone’s been waiting for. We’ll find out later whether Powell’s going to screw it up for everybody – but I’m actually kind of positive (you’ll see why later). With that in mind, let’s look at a stock that could be setting up for a sweet breakout. Chart of the […]
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 […]
Bright Spots Amid the Chop Fest
Hey, Ross here: Welcome to a new trading week. Whatever Powell decides on Wednesday will have a huge impact on where the market moves next. In the meantime, the chop fest continues – but there are still a few bright spots. Chart of the Day Friday’s selloff was a flight from growth, with many stocks […]
The New Direction Will be Clear Soon
Hey, Ross here: As you know, markets have been range-bound for quite some time now. But as the Chart of the Day shows – it could all be resolved very soon. Chart of the Day The S&P 500 looks to be forming a classic pennant pattern – characterized by falling resistance and rising support. And […]
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