Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Hey, Ross here: And here’s a chart that shows just why the current market rally is so exciting. Chart of the Day The chart above is for the Equal Weight S&P 500 ETF, which is an ETF that tracks the S&P 500 IF every company on there had equal weight – instead of being weighted […]
Hey friend, Time to see how markets have been moving as we start a new, bright trading week. The Daily Direction Note: What a strong close last week – as you can see, all indexes are now firmly in the uptrend. We can thank the debt deal and a comforting jobs report for that. The […]
Hey, Ross here: A new trading week is upon us – and I can feel it’s going to be a good one. I explain why below. Chart of the Day The market has finally broken above the level that we can see it has reacted off of multiple times in the past year. Everytime we […]
Hey friend, Time to see how markets have been moving as we end the week. The Daily Direction Note: As expected, markets closed higher yesterday thanks to the debt deal easily passing Congress. Hopefully we can stop talking about all this debt drama by early next week. The Daily Nugget Switching time horizons can show […]
Hey, Ross here: It’s not just the trading week that’s behind us, but the month of May and the second quarter of 2023 to boot. With that in mind, let’s look at some evidence to counter the still-pervasive bear market narrative. Chart of the Day The above is a simple line chart of the S&P […]
Hey friend, Time to see how markets have been moving. The Daily Direction Note: Markets closed down yesterday on worries that the debt ceiling deal would get stalled at Congress. Well, the opposite happened – so let’s see how things shake out today. The Daily Nugget In trading, the real mistake happens when you refuse […]
Hey, Ross here: And let’s start Thursday with another fast and actionable trade idea. Chart of the Day InterDigital (IDCC) is another high-flier taking a pause to digest its recent surge. Investors loved the most recent earnings report and drove the stock up 28% in a week. The run happened on good volume with nice […]
Hey friend, And as we enter a new (though shortened) trading week, let’s see how markets have been moving. The Daily Direction Note: A mixed but largely flat close for the markets yesterday as investors grappled with whether the debt deal would be able to pass a divided Congress. No change in any index directions. […]
Hey, Ross here: And let’s start off Wednesday with a trade idea that’s already bearing fruit. Chart of the Day Micron (MU) is a semiconductor stock riding some of the momentum from last week’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of […]
Hey friend, And as we enter a new (though shortened) trading week, let’s see how markets have been moving. The Daily Direction Note: It was a positive close for the markets last week thanks to blowout earnings from NVIDIA plus the politicians inching closer to a debt deal. The Daily Nugget If you buy them […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for May 30, 2023 There have been 3 breakouts since October 2022. Despite the naysayers gloom and doom forecast, the market continues to conquer one resistance level after another, despite the noise that prevails. A new breakout […]
Hey, Ross here: Hope y’all had a great Memorial Day weekend. It may be a shortened trading week this week, but that doesn’t mean there aren’t just as many juicy opportunities for us to target. I’ll share those starting tomorrow, but first – let’s look at a chart that gives us a small reason to […]
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