Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Contrarian Gains
Hey, Ross here: Let’s kick off the middle of the trading week with yet another actionable trading idea. Chart of the Day This is Cardlytics (CDLX) carving out a bottom over a period of 6-12 months, breaking through resistance (white horizontal line on chart) on high volume, and then doubling in short order. CDLX is […]
Ideal Positioning
Hey, Ross here: Let’s start the day with an actionable trading idea. Chart of the Day Kyndryl Holdings (KD) is a stock pushing up against a big resistance level. The enterprise software company went public in late 2021 just in time to get murdered by last year’s bear market. But KD is now trying to […]
Is This Sector the New King?
Hey, Ross here: To start the new trading week, let’s look at a sector that could be the leader for the next move upward. Chart of the Day The 2023 bull market has been powered by the artificial intelligence theme. Super Micro Computer, Palantir, Nvidia, and other big-name AI stocks have been the key driver […]
What the Dollar is Saying About the Stock Market
Hey, Ross here: And before we head off for the weekend, let’s look at a chart that has been inversely correlated with the stock market’s performance this year. Chart of the Day This is the DXY – the U.S. Dollar Index. And as you can see, it has largely been inversely correlated to the stock […]
Range-Bound
Hey, Ross here: Let’s look at a chart that perfectly encapsulates the kind of market we’re in right now. Chart of the Day (Chart courtesy of @allstarcharts) This chart sums up the state of the markets in a single word – range-bound. The rally in the first seven-and-a-half months was a historic one, and the […]
7 Words for Successful Trading
Hey, Ross here: Let’s start the day with yet another actionable trading idea. Chart of the Day The second best sector over the last 30-days has been cybersecurity. Cybersecurity stock Vmware (VMW) is completing a 2-year cup and handle pattern that looks poised to breakout higher. Heavy buying volume, support at the 50-day moving average, […]
Back to the Long Side
Hey, Ross here: Hope you had a relaxing Labor Day weekend. Let’s jump right back into the trading week with another actionable trade idea.] This time, we’re going back to the long side. Chart of the Day Uranium, cybersecurity, oil & gas, biotechnology, and software stocks are currently the best performers. So, I want to […]
Support Levels Holding?
Hey, Ross here: Before we head off into the long Labor Day weekend, let’s look at a chart that adds to the evidence that we might see a second sustained rally soon. Chart of the Day The above chart shows the S&P 500’s August 2022 highs successfully acting as support in both June and August […]
No Defensiveness Detected
Hey, Ross here: And let’s look at an interesting chart that bodes well for another rally in tech. Chart of the Day (Chart courtesy of @allstarcharts) The above chart shows the ratio of the Consumer Staples Sector (SLP) vs the S&P 500. It’s made a new 52-week low, which means that – despite the positive […]
Is It Over?
Hey, Ross here: And let’s start the day with a chart that bodes well for traders and investors alike. Chart of the Day That’s the Nasdaq breaking through both its 21-day and 50-day moving averages (yellow and green lines, respectively) yesterday. And it’s not alone, the S&P 500 and the Dow also did the same. […]
This is What I Expect to See
Hey, Ross here: And let’s start the day with another actionable trading idea. Chart of the Day Talk about a fall from grace… After rallying 460% from May to August, the high-tech automotive finance company Upstart (UPST) fell 57% in a week! The stock was murdered – and the bloodbath is only worsening this week. […]
Time to Go the Other Way?
Hey, Ross here: And let’s start a new trading week with an actionable trading idea – but on the short side instead (you’ll find out why in the Insight of the Day). Chart of the Day Apple has been a top performer all year. The uptrend has been a thing of beauty – steadily marching […]
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