Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Hey, Ross here: The market is playing out almost exactly as I said it would. And as today’s chart shows – investor sentiment is quickly following suit. Chart of the Day This is the level of bearish sentiment as surveyed by the American Association of Individual Investors (AAII) juxtaposed with the S&P 500. Bearish sentiment […]
Hey friend, A rebound in 10-year Treasury yields and disappointing results from tech giant Alphabet pressured markets downward yesterday. There is now one green holdout in the Daily Direction table – and even that may not last. The Daily Direction Note: All indexes closed negative yesterday, sending the S&P 500’s long-term direction back downward. The […]
Hey, Ross here: The S&P 500 just breached two key levels – let’s look at what that means for what’s to come. Chart of the Day The S&P 500 just pierced through its 200-day moving average AND the 4,200 mark, with the latter being a key psychological level that also served as strong resistance earlier […]
Hey friend, A bevy of strong corporate earnings helped lift the market yesterday – snapping its multi-day losing streak. And Treasury yields continued to pull back, another boon for the markets. So, let’s see if that caused any changes in the index directions. The Daily Direction Note: All indexes closed positive yesterday, sending the long-term […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for October 25, 2023 The Nasdaq has moved back above 13,000 which serves as major support and is a key psychological level. It has also formed a reverse head and shoulder pattern, which is very bullish. Moreover, […]
Hey, Ross here: Let’s look at a chart that shows just how divided the market has been this year – and how we can use that to our advantage. Chart of the Day Chart courtesy of @WillieDelwiche on Twitter This is a chart showing the difference between the number of stocks making new highs vs. […]
Hey friend, Treasury yields are continuing to retreat, corporate earnings are outperforming expectations, and market indexes are mixed. Let’s see how the markets have been moving. The Daily Direction Note: Most indexes – except the Nasdaq – closed lower yesterday. But it was far more muted compared to the previous few days. No change in […]
Hey, Ross here: Things are playing out as I expected – and today’s chart just shows one more reason why. Chart of the Day This is the S&P 500 falling – and still staying – below its 200-day moving average (red line on chart). The 200-day moving average is a critical level as it not […]
Hey friend, Treasury yields retreated slightly after briefly breaching the psychological 5% mark late last week. But all indexes still ended lower, posting weekly losses. Of course, Powell’s comments that current monetary policy was “not overly tight” didn’t help things. The Daily Direction Note: The move lower last Friday sent the long-term direction of the […]
Hey, Ross here: Welcome to a brand-new trading week. As today’s chart again shows, things have been playing out just as I predicted… So read on to see what’s likely to happen next. Chart of the Day If my prediction for what’s going to happen to the markets is correct – as it has been […]
Hey friend, Treasury yields are inching closer to breaching the 5% mark after Fed Chair Powell said the Fed would likely pause hikes in November… Before going on to say that he doesn’t believe that current monetary policy is too tight – implying rates would stay higher for longer while signaling possible rate hikes in […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for October 20, 2023 The 10-year Treasury yield briefly hit 5% late in the day Thursday, and this is kryptonite for the markets. The higher it goes up, the more the market will weaken. 5% is a […]
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