Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
The Easiest and Best Time to Sell
Hey friend, This “stop-start” rally took another pause yesterday… With the financial news blaming it on worries about a potential slowdown in consumer spending. But experienced traders know that pauses in rallies are perfectly normal – and even healthy. Now, let’s see how the markets have been moving. The Daily Direction Note: All indexes closed […]
History Is On Our Side
Hey, Ross here: This rally is following a classic stop-start pattern – and that can unnerve some people. So, let’s look at a chart which shows what we can expect till the end of the year based on historical precedent. Chart of the Day Chart courtesy of @RyanDetrick This is a chart showing the cumulative […]
Say No to Playing Favorites
Hey friend, After a big jump on Wednesday, markets closed slightly positive yesterday. This is normal – most big moves take time to digest. We’ve already seen this happen a few times in this recent rally – so this shouldn’t surprise you. The Daily Direction Note: All indexes closed flat or higher yesterday. No change […]
Impending Breakout Alert
Hey, Ross here: As the rally continues, let’s look at a chart that shows why small-cap stocks could be about to break out strongly… What needs to happen first – and why this matters for you. Chart of the Day This is the small-cap Russell 2000 index. Two head-and-shoulder patterns to notice here. The first […]
Use Surprise to Your Advantage
Hey friend, The market’s new direction after the latest inflation data seems clear. It’s going up fast – exactly as Ross Givens predicted weeks ago. So let’s see how that’s influencing the Daily Direction table below. The Daily Direction Note: All indexes closed sharply higher yesterday. But the standout was the Russell 2000, which jumped […]
This Rally is Blazing Hot
Hey, Ross here: With inflation coming in below expectations, the market is making a BIG move up… And as the Chart of the Day shows, it has fantastic implications for us. Chart of the Day Yesterday’s big upward move in the S&P 500 catapulted the index over the downward trendline of progressively lower highs – […]
How Trend Following Can Backfire
Hey friend, Inflation data just came in this morning – and the market is still processing how the Fed may react to it. The next few days will be crucial in determining the market’s next direction and the fate of this rally. The Daily Direction Note: Indexes closed largely flat yesterday in anticipation of this […]
The Truth About This Market Rally
Hey, Ross here: And as promised, let’s start the day with an actionable trading idea. Chart of the Day Palantir (PLTR) is an artificial intelligence company that made huge strides in the first half of the year. It has been consolidating for the last few months but is now breaking through its post-earnings pivot and […]
The Market and the Crowd (Not the Same!)
Hey friend, The market defied the naysayers last Friday to close out the week strong. The latest inflation data comes in tomorrow morning – and that will no doubt have a huge influence on where the markets head next. The Daily Direction Note: All indexes closed higher to end last week, with the Russell 2000’s […]
The Only Thing Better Than a Rally
Hey, Ross here: Welcome to a new trading week. The rally continues… But the only thing better than seeing the market rally is watching the bears lose money as their pessimism proves unfounded. Chart of the Day After a quick break, the market broke through resistance Friday and looks set to continue. I said last […]
It’s Only Human Nature
Hey friend, The “Fed speak” we talked about yesterday caused the rally to pause… And with inflation data on the menu for next Tuesday – next week is likely to determine whether this rally is sustainable or not. The Daily Direction Note: All indexes closed lower yesterday, with the Russell 2000’s short-term direction flipping back […]
Pick Your Targets Carefully
Hey, Ross here: The rally took a quick pause yesterday… So let’s explore what this could mean in the Chart of the Day. Chart of the Day The rally has hit the resistance point for both the S&P 500 (above) and the Nasdaq (below). One reason for this is Powell once again opening his big […]
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