Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Support Levels Holding?
Hey, Ross here: Before we head off into the long Labor Day weekend, let’s look at a chart that adds to the evidence that we might see a second sustained rally soon. Chart of the Day The above chart shows the S&P 500’s August 2022 highs successfully acting as support in both June and August […]
What To Do When You’re Trading Poorly
Hey friend, Time to see how markets have been moving. The Daily Direction Note: Indexes continued their recovery yesterday, with all of them closing in the green. No changes in any directions compared to the day before. The Daily Nugget When you’re trading poorly you should TIGHTEN your stop losses – not loosen them. Many […]
No Defensiveness Detected
Hey, Ross here: And let’s look at an interesting chart that bodes well for another rally in tech. Chart of the Day (Chart courtesy of @allstarcharts) The above chart shows the ratio of the Consumer Staples Sector (SLP) vs the S&P 500. It’s made a new 52-week low, which means that – despite the positive […]
The Truth About “Patience” in Trading
Hey friend, Let’s see how markets have been moving as we enter the middle of the trading week. The Daily Direction Note: Weaker jobs data spurred a big upward move in all the indexes yesterday – flipping almost every direction into the green. Is this a sign of the next rally? The Daily Nugget Good […]
September Momentum (Market Update from Charles Green)
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for August 30, 2023 August is always a tough month for stocks – especially when combined with high short-term interest rates (Fed Funds Rate) and high long-term interest rates (Treasury yields). We saw a 10% correction on […]
Is It Over?
Hey, Ross here: And let’s start the day with a chart that bodes well for traders and investors alike. Chart of the Day That’s the Nasdaq breaking through both its 21-day and 50-day moving averages (yellow and green lines, respectively) yesterday. And it’s not alone, the S&P 500 and the Dow also did the same. […]
The 80/20 of Skilled Trading
Hey friend, Let’s see how markets have been moving. The Daily Direction Note: The “mini-comeback” that started last Friday resumed yesterday, with all indexes and most sectors closing in the green. Still, no change in any index directions except the Nasdaq’s short-term direction barely flipping positive. The Daily Nugget Trading is 20% prediction and 80% […]
This is What I Expect to See
Hey, Ross here: And let’s start the day with another actionable trading idea. Chart of the Day Talk about a fall from grace… After rallying 460% from May to August, the high-tech automotive finance company Upstart (UPST) fell 57% in a week! The stock was murdered – and the bloodbath is only worsening this week. […]
The Right Way to Sell
Hey friend, Welcome to a brand-new trading week. Let’s see how markets have been moving. The Daily Direction Note: All indexes staged a mini comeback last Friday to close higher. As a result both the S&P 500 and the Nasdaq managed to post a winning week – albeit barely. No change in any index directions, […]
Time to Go the Other Way?
Hey, Ross here: And let’s start a new trading week with an actionable trading idea – but on the short side instead (you’ll find out why in the Insight of the Day). Chart of the Day Apple has been a top performer all year. The uptrend has been a thing of beauty – steadily marching […]
Easy Rule of Thumb for Tough Markets
Hey friend, Let’s see how markets have been moving as we end the trading week. The Daily Direction Note: Despite Nvidia’s blockbuster earnings, the market rally fizzled out with the bears taking over. All indexes closed lower. The Daily Nugget “If you wake up thinking about a position, it’s too big.” Markets are in a […]
The 2 Most Important Things (Market Update from Charles Green)
Charles Green here, Senior Market Analyst here at Traders Agency. Here’s today Market Pulse 360. Market Pulse 360 for August 25, 2023 What happened yesterday?. The market was very strong in the morning on the heels of NVDA earnings, but then it rolled over and died. There were three converging factors: Profit-taking on a blockbuster […]
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