Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Hey friend, Let’s see how the markets have been moving. The Daily Direction Note: Indexes closed lower again yesterday after the latest Fed minutes showed officials still classifying inflation as a “significant” risk – raising fears of higher-for-longer interest rates. No change in any directions, however. The Daily Nugget Volatility is something to […]
Hey, Ross here: The major indexes had another good week last week. That said, I wouldn’t be surprised if we see a lower weekly close for this week. As the...
Hey, Ross here: In the past couple of weeks, I’ve shown you evidence of contrarian buying signals you should be paying attention to. The odds say the market...
Hey, Ross here: And here’s a chart that shows just why the current market rally is so exciting. Chart of the Day The chart above is for the Equal Weight S&P 500 ETF, which is an ETF that tracks the S&P 500 IF every company on there had equal weight – instead of being weighted […]
Hey, Ross here: Let’s start the day by looking at a sector that has flipped from underperformer – to top performer. Chart of the Day This is XLV – an ETF that...
It’s tough to uncover profitable opportunities in a market without a defined direction, which is why finding market patterns is one of the most crucial aspects in developing a good trading strategy. While markets differ, the facts that underpin market trends are universal. We’ll have the best chance of making a winning trade if we … The post Why Finding Market Direction is So Important appeared first on Josh Daily Direction.
Hey, Ross here: US markets were closed yesterday for President’s Day – so welcome back. Let’s do something a little different… A quick succession of four...
The latest Core PCE data came in just below consensus, signaling that the Fed may continue focusing on economic growth rather than battling inflation. Markets initially reacted with gains but pulled back as the day progressed. Wall Street legend Bob Farrell once said, “A bubble is a bull market in...
Hey friend, Ross here. After last week's subdued market response to the CPI report, many might overlook the subtle, yet steady gains we're seeing. Here’s the thing about the market: it moves at two speeds—gradually, then suddenly. That sudden leap is where many traders find themselves off-guard...
Hey, Ross here: It may be the end of the week… But it’s just the beginning of earnings season. So let’s start the day by looking at a chart that shows how...
Hey, Ross here: The rally continues, with the S&P 500 and the Nasdaq on the way to literal record-breaking win streaks. So in today’s chart, let’s look at the next level for the S&P 500 – a level the Nasdaq has just passed. Chart of the Day This is the S&P 500 trying to fill […]
Hey, Ross here: As you may know, I won’t be sharing any trade ideas this week as I’m still waiting to see how the market consolidates. It’s always better not to trade than to take bad trades. So, for today let’s look at a chart that lends credence to the fact that this new bull […]
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