Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
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, Ross here: Markets are still digesting the Fed’s latest decision – and based on yesterday’s price action, it looks like a case of indigestion. When trying to see where the market will go next, one important chart to pay attention to is the 10-year Treasury yield – which just “gapped up”. Chart of the […]
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 […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for September 21, 2023 The Fed announced its interest rate decision yesterday. As I forecasted, it did not raise interest rates. In addition, as I anticipated, Powell stated interest rates will remain “higher (5.50%) for longer”. Most […]
Hey, Ross here: As expected, the Fed held interest rates steady yesterday. But in the post-meeting press conference, the more Powell spoke, the more indexes slid. Par for the course for a lot of the stuff that comes out of his mouth. And that’s just not something I’m saying because I don’t like the guy […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for September 20, 2023 The Fed makes its interest rate decision and statement at 2 p.m. Eastern today. It’s highly probable that Powell will do nothing today, except reiterate his position to keep Fed Funds short-term interest […]
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, Ross here: It’s the day everyone’s been waiting for. We’ll find out later whether Powell’s going to screw it up for everybody – but I’m actually kind of positive (you’ll see why later). With that in mind, let’s look at a stock that could be setting up for a sweet breakout. Chart of the […]
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, Ross here: As expected, it was a quiet session in the markets yesterday with most investors on a “wait and see” mode ahead of the Fed’s meeting, which starts today. And today’s chart – which I also shared last week – is a reminder that the new direction of the markets will likely soon […]
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, Ross here: Welcome to a new trading week. Whatever Powell decides on Wednesday will have a huge impact on where the market moves next. In the meantime, the chop fest continues – but there are still a few bright spots. Chart of the Day Friday’s selloff was a flight from growth, with many stocks […]
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