Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Bear Trap Rally? It Doesn’t Matter
Hey, Ross here: The market rally I said would happen is picking up pace faster than I anticipated. Just look at the Chart of the Day. Chart of the Day This is the Nasdaq “gapping up” yesterday (aka opening at significantly higher price than the previous day’s closing price)… Catapulting it over the “neckline” formed […]
How to Evaluate Trading Strategies
Hey friend, Because Powell miraculously didn’t shut down the rally by opening his mouth – the markets are bouncing… Just as Ross Givens predicted. So let’s see how the markets have been moving after the latest Fed pause decision. The Daily Direction Note: All indexes closed higher yesterday after the Fed meeting. There was no […]
Confirmation of Stability (Market Update from Charles Green)
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for November 2, 2023 As I expected, the Fed leaves interest rates unchanged. This is the second consecutive pause. I believe the Fed is done raising the Fed Funds rate (the short-term interest rate). The 10-year Treasury […]
Next on the Market’s To-Do List
Hey, Ross here: As widely expected, the Fed held interest rates steady yesterday. Most surprisingly, Powell didn’t screw this beginning rally up – despite doing his best to keep the door open for future rate hikes. With that said, let’s look at a chart that explains what’s next on the market’s to-do list. Chart of […]
Markets Need Time for This
Hey friend, The markets rose again yesterday (despite 10-year Treasury yields rising again)… And Fed Chair Powell has just finished (or is about to finish) his post-FOMC press conference. So let’s see how markets have been moving. The Daily Direction Note: All indexes closed higher yesterday in anticipation of the conclusion of the Fed meeting. […]
What’s Happening Beneath the Surface
Hey, Ross here: The market has continued to bounce – just as I said… But what comes out of Powell’s big mouth later today will be key in determining where this bounce will be sustainable or not. In the meantime, check out an interesting chart that shows what’s going on “beneath the surface” of the […]
This is Your Only Job as a Trader
Hey friend, Just as Ross said it would, the market is bouncing from its highly-oversold conditions. So let’s see if that has caused any change in the index directions. The Daily Direction Note: Yesterday’s upward move in all indexes was not enough to shift any index directions – though the Nasdaq is on the verge […]
The Opportunity Window Just Opened
Hey, Ross here: As I said yesterday, with the market oversold, a market bounce is starting. And that’s an opportunity. Chart of the Day This chart shows the percentage of S&P 500 stocks trading above their 200-day moving average. As you can see, as of last Friday, that percentage was the lowest it has been […]
It’s All About Speed
Hey friend, It was a punishing week for the markets last week – as you can see from the solidly red Daily Direction table below. The Fed meets this week, and while they’re likely to pause rates, what Fed Chair Powell says in the post-meeting press conference will have a big impact on where the […]
There’s Money to be Made
Hey, Ross here: Welcome to a new trading week. Things have been playing out as I expect – but I now believe we have a buying opportunity. Chart of the Day Stocks finished lower with major indexes down roughly 2% for the week. The S&P 500 now trades below its 200-day moving average – a […]
Dangerous Trading Trap
Hey friend, Strong U.S. GDP numbers were not enough to lift the market’s mood – which was largely disappointed by Big Tech earnings. All indexes – but one – closed lower yesterday… So let’s see how the markets have been moving as we close out this trading week. The Daily Direction Note: Only the Russell […]
Opportunity Among Weakness (Market Update from Charles Green)
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for October 27, 2023 The Nasdaq failed to hold 13,000 in a big way, closing down over 500 points over the past two days. This is the third time in one week that the Nasdaq failed to […]
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