Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Hey, Ross here: To start the new trading week, let’s look at a sector that could be the leader for the next move upward. Chart of the Day The 2023 bull market has been powered by the artificial intelligence theme. Super Micro Computer, Palantir, Nvidia, and other big-name AI stocks have been the key driver […]
Hey friend, Let’s see how markets have been moving as we close out the trading week. The Daily Direction Note: Bad news around Apple, oil price increases, worries about more Fed rate hikes thanks to lower-than-expected jobless claims – they all worked in concert to weigh down on indexes. All short and medium-term directions have […]
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for September 8, 2023 More on NVDA and AAPL: The tech and chip war continues. In retaliation for the tough stance the US Commerce Secretary took against the Chinese Government during a recent visit and ongoing tension […]
Hey, Ross here: And before we head off for the weekend, let’s look at a chart that has been inversely correlated with the stock market’s performance this year. Chart of the Day This is the DXY – the U.S. Dollar Index. And as you can see, it has largely been inversely correlated to the stock […]
Hey friend, Let’s see how markets have been moving. The Daily Direction Note: Rising Treasury yields plus continued worries about a rise in crude oil prices pushed indexes downward yesterday. The Nasdaq is the only index that is preserving its upward short and medium-term directions – but barely so. The Daily Nugget Know which market […]
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 […]
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