Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Hey friend, Time to see how the markets have been moving. The Daily Direction Note: The pullback continues, with more index directions flipping negative. A strong retail sales report stoked fears that interest rates would remain higher for longer. But as today’s Daily Nugget shows – it’s worth keeping in mind that it’s all relative. […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for August 16, 2023 Lots of negative economic news coming out of China recently – from it cutting rates in a last ditch effort to stimulate the economy, announcing it will no longer publish youth unemployment rates, […]
Hey, Ross here: And let’s start the middle of the trading week with yet another actionable trade idea. Chart of the Day This is Grayscale’s Ethereum ETF, ETHE – and it is showing strength similar to Bitcoin. Notice how ETHE closed below the 21-day exponential moving average (yellow line on chart) on August 1st. It […]
Hey friend, Time to see how the markets have been moving. The Daily Direction Note: Indexes closed higher yesterday with tech stocks mounting a surprising comeback. No change in any directions, however. The Daily Nugget Successful traders have both conviction and flexibility. Successful traders have conviction in their strategies, but they also know when to […]
Hey, Ross here: And let’s start the day my favorite way – with an actionable trade idea. Chart of the Day Grayscale Bitcoin Trust (GBTC) is an exchange traded fund that tracks the movement of Bitcoin. It trades like a stock, so GBTC can be bought in any traditional brokerage account or IRA. You could […]
Hey friend, Let’s see how markets have been moving as we start a new trading week. The Daily Direction Note: A slightly negative close for the markets last week on signs of higher wholesale inflation – but not enough to shift any directions. The Daily Nugget Different time horizons require different strategies. This might seem […]
Hey, Ross here: Welcome to the start of a new trading week. Let’s review what happened last week – and where I see the market going from here. Chart of the Day Leadership is retreating… As I often talk about, every bull market has a “theme” – a specific sector or group of stocks that […]
Hey friend, Time to see how the markets have been moving as we close out the trading week. The Daily Direction Note: Markets closed largely flat on the back of yesterday’s inflation data. No change in any index directions. The Daily Nugget Tighter markets, tighter stops. Let’s keep this short and sweet. When the market […]
Hey, Ross here: And let’s end the trading week by looking at what it might take for the uptrend to continue. Chart of the Day Technology stocks – particularly big tech stocks – have led the 2023 market rally. The Nasdaq100 index is a good gauge of this particular class of stocks. And as you […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for August 10, 2023 The NASDAQ hit a 10% correction from highs (15,000) yesterday, meeting the technical definition of a correction (down to 13,500). Hence, the correction is nearly over or over already. There was a big […]
Hey friend, Time to see how the markets have been moving. The Daily Direction Note: Markets continued to pull back, with the Nasdaq’s medium-term direction now also flipping negative. That said, the index is still standing at the same level as it did one month ago. The Daily Nugget Use position sizing to manage risk […]
Hey, Ross here: And let’s look at a chart that shows why a bumpy ride to the top is not an anomaly – but the norm. Chart of the Day (Table courtesy of A Wealth of Common Sense) The table above shows a list of the years where the S&P 500 rose by at least […]
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