Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for September 7, 2023 Why is the 10-year Treasury yield rising again? Cuckoo for Cocoa Puffs! As I have mentioned, the 10-year Treasury yield of above 4% is kryptonite for the market. After declining last week from […]
Hey, Ross here: Let’s look at a chart that perfectly encapsulates the kind of market we’re in right now. Chart of the Day (Chart courtesy of @allstarcharts) This chart sums up the state of the markets in a single word – range-bound. The rally in the first seven-and-a-half months was a historic one, and the […]
Hey friend, Time to see how markets have been moving. The Daily Direction Note: Crude oil prices jumped yesterday after Saudi Arabia and Russia extended supply cuts. This weighed on markets, with all indexes closing lower. The short and medium-term directions of the Dow Jones and the Russell 2000 flipped downward. The Daily Nugget The […]
Hey, Ross here: Let’s start the day with yet another actionable trading idea. Chart of the Day The second best sector over the last 30-days has been cybersecurity. Cybersecurity stock Vmware (VMW) is completing a 2-year cup and handle pattern that looks poised to breakout higher. Heavy buying volume, support at the 50-day moving average, […]
Hey friend, Let’s see how markets have been moving as we start a new (shortened) trading week. The Daily Direction Note: Bad news is good news again, and all indexes ended last week higher after a rise in unemployment numbers sparked hopes that the Fed will put a stop to its rate hiking cycle. All […]
Hey, Ross here: Hope you had a relaxing Labor Day weekend. Let’s jump right back into the trading week with another actionable trade idea.] This time, we’re going back to the long side. Chart of the Day Uranium, cybersecurity, oil & gas, biotechnology, and software stocks are currently the best performers. So, I want to […]
Hey friend, Let’s see how markets have been moving before we head off for the long weekend. The Daily Direction Note: Most indexes – except the Nasdaq – closed slightly lower yesterday. While the recovery helped trim losses, it was still a losing month for stocks. The Daily Nugget Stop losses are what allow you […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for September 1, 2023 Non-Farm Payroll numbers were released this morning showing an increase to 3.8%. This is what the Fed wants to see, which was the most sticky of inflation factors over the past year. This […]
Hey, Ross here: Before we head off into the long Labor Day weekend, let’s look at a chart that adds to the evidence that we might see a second sustained rally soon. Chart of the Day The above chart shows the S&P 500’s August 2022 highs successfully acting as support in both June and August […]
Hey friend, Time to see how markets have been moving. The Daily Direction Note: Indexes continued their recovery yesterday, with all of them closing in the green. No changes in any directions compared to the day before. The Daily Nugget When you’re trading poorly you should TIGHTEN your stop losses – not loosen them. Many […]
Hey, Ross here: And let’s look at an interesting chart that bodes well for another rally in tech. Chart of the Day (Chart courtesy of @allstarcharts) The above chart shows the ratio of the Consumer Staples Sector (SLP) vs the S&P 500. It’s made a new 52-week low, which means that – despite the positive […]
Hey friend, Let’s see how markets have been moving as we enter the middle of the trading week. The Daily Direction Note: Weaker jobs data spurred a big upward move in all the indexes yesterday – flipping almost every direction into the green. Is this a sign of the next rally? The Daily Nugget Good […]
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