Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Hey friend, The third-quarter pullback took another pause yesterday. With just one more trading day to go until the fourth quarter – historically the strongest quarter of the year – everyone is looking to how the markets will move to get some insight on any new direction. The Daily Direction Note: All indexes closed higher […]
Hey friend, Oil prices, the dollar, and 10-year Treasury yield are surging. Yet, most indexes managed to close higher yesterday. Is this just a tiny bump in the road on the way further down – or the sign of a reversal? The Daily Direction Note: All indexes except the Dow closed higher yesterday. But such […]
Hey friend, The latest data on home sales and consumer confidence came through – and it didn’t help market sentiment at all. Add that to fears of yet another government shutdown, and you have yet another down day in the markets. The Daily Direction Note: All indexes closed sharply lower yesterday. The most concerning was […]
Hey friend, Could the post-Fed meeting decline be over? Or is this just a short breather before the decline resumes? Let’s see how markets have been moving. The Daily Direction Note: All indexes closed higher yesterday – but not by much. No change in any index directions. The Daily Nugget Institutional investors don’t see stocks […]
Hey friend, Markets are still trying to digest the “higher for longer” narrative – and it’s been painful. Last week was the second-worst week for the S&P 500 this year, with all indexes closing lower. The Daily Direction Note: No change in any index directions despite the latest negative close. Both the S&P 500 and […]
Hey friend, Markets continue to dip as they digest the Fed’s post-meeting comments and the spike in Treasury yields. Again, how it all plays out next week could determine where the next trend is. The Daily Direction Note: All indexes closed significantly lower yesterday – with many of them even “gapping down”. No change in […]
Hey friend, The direction of all the markets during the post-Fed meeting press conference was mostly just in one direction – downward. This is actually normal. What’s more important will be to see how we go from here in the next few days. The Daily Direction Note: Although all indexes closed lower yesterday, there was […]
Hey friend, Powell is just finishing up the post-Fed meeting press conference right as this newsletter is going out. We’ll show you what to do about it a bit later. But in the meantime – let’s see how markets have been moving in anticipation of the “big event”. The Daily Direction Note: Indexes closed slightly […]
Hey friend, The Fed is meeting as you read this… and markets have been quiet pending the outcome of their meeting tomorrow… Which is why – with one exception – today’s Daily Direction table looks exactly the same as yesterday’s. The Daily Direction Note: Most indexes barely budged yesterday – with the exception of the […]
Hey friend, It’s a brand-new trading week. And the next big direction of the markets largely hinges on the Fed. In the meantime, let’s look at how markets have been moving. The Daily Direction Note: Tech stocks sold off to end last week – dragging the indexes down with them. All the short and medium-term […]
Hey friend, Yesterday, Softbank’s chip designing company, ARM went public in the biggest IPO of 2023 – jumping 25% in a day and lifting the entire market along with it. So let’s see how markets have been moving in reaction to it. The Daily Direction Note: Thanks to ARM’s IPO, all index directions – with […]
Hey friend, Time to see how the markets have been moving. The Daily Direction Note: Indexes closed higher yesterday on positive expectations for tomorrow’s inflation data release. Both the S&p 500 and NASDAQ managed to flip their short and medium-term directions back upward. The Daily Nugget Skillful trading is all about understanding and interpreting supply-demand […]
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