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 October 18, 2023 Give credit where credit is due: the market has been fighting a good fight to stay above major support, despite a flurry of challenges: Ukraine – Russia war Israel – Hamas war Rising […]
Hey, Ross here: 10-year Treasury yields hit a new high yesterday. And yet, the market was largely flat. The most surprising thing? A nearly 3% gain in the beaten-down small-cap Russell 2000 Index… Which as the Chart of the Day shows, could be signaling a market bounce in the small-cap sector. Chart of the Day […]
Hey friend, With earnings season just starting, it’s an interesting time for the markets. Ross Givens calls it a “wildcard” – as earnings strength could move markets in unpredictable ways. With that said, let’s see how markets have been moving. The Daily Direction Note: With all indexes closing higher yesterday, the short-term direction for the […]
Hey, Ross here: And let’s look at some interesting price action that points to where the market could be heading in the short run. Chart of the Day The market defied the negative momentum we saw at the end of last week and rallied yesterday on the back of earnings optimism. Interestingly, yesterday’s close – […]
Hey friend, Welcome to a brand-new trading week. Both the S&P 500 and the Dow posted a weekly gain last week, while the Nasdaq and the Russell 2000 were down. The big banks have just kicked off the third-quarter earnings season – so expect that to create lots of opportunities we can take advantage of. […]
Hey, Ross here: Welcome to a new trading week. With the market bouncing – then falling again – people are wondering what’s going on. Well, as today’s chart explains, things are pretty much playing out exactly as I expected. Chart of the Day This is the Nasdaq moving exactly how I predicted a couple weeks […]
Hey friend, With a hotter-than-expected inflation print yesterday amid a market bounce, let’s see how markets have been reacting as we close out the trading week. The Daily Direction Note: All indexes closed lower yesterday – but not as much as one would have expected considering the inflation print. The medium-term direction for the NASDAQ […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for October 13, 2023 The month-over-month CPI (Consumer Price Index) reported at 0.4% vs. 0.3% yesterday, which was slightly higher than expected. This makes two months now that the CPI reported slightly higher than expected. This is […]
Hey, Ross here: Yes, the market bounce took a brief pause yesterday on the back of the slightly higher than expected inflation printout. But I believe the market bounce thesis still holds – and today’s chart explains why. Chart of the Day This is the Fear & Greed Index presented in chart form. And as […]
Hey friend, The market bounce is starting – and you can see that by looking at how much greener the table below is looking compared to just a week ago. The Daily Direction Note: Treasury yields and the dollar are once again pulling back, and the market is rising. The S&P 500’s short-term direction, the […]
Hey, Ross here: Let’s start the day with an interesting chart that shows an uncanny resemblance between the market movements of 2021 and this year. Chart of the Day Now, this certainly isn’t as predictive as the tried-and-tested chart patterns are – and 2021 was a different time than 2023 – but it’s still interesting. […]
Hey, Ross here: Let’s look at another chart that continues to support my thesis that a short-term market bounce is just beginning. Chart of the Day This is the U.S. Dollar Index about to break below support. While many “gurus” out there love to bandy about the “death of the dollar” narrative, the truth is […]
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