Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
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 […]
Incredibly Powerful Trading Edge
Hey friend, This week is light on the economic data… And heavy on “Fed speak” – aka talks by various Fed officials, any of which could potentially move the markets. With that said, let’s see how markets have been moving. The Daily Direction Note: There’s no doubt the speed of the rally has slowed down, […]
Blinded by Popularity
Hey, Ross here: The rally continues, with the S&P 500 and the Nasdaq on the way to literal record-breaking win streaks. So in today’s chart, let’s look at the next level for the S&P 500 – a level the Nasdaq has just passed. Chart of the Day This is the S&P 500 trying to fill […]
A Guaranteed Recipe for Trading Frustration
Hey friend, The speed of the market rally has slowed down compared to last week. But make no mistake, it’s still happening – and you can see that by the amount of green on the table below. The Daily Direction Note: Yesterday’s market movements were largely a repeat of Monday’s. All indexes – except the […]
Big Mistake Traders Make in a Rally
Hey, Ross here: The S&P 500 and the Nasdaq are now in their longest win streak since November 2021 – two whole years ago. This rally has legs – and the Chart of the Day only adds to that proposition. Chart of the Day This is the S&P 500 with the number of net new […]
This is Why Trading Can be Difficult
Hey friend, The market rally continues… And you can see that by looking at the sea of green in The Daily Direction table below. The Daily Direction Note: All indexes – except the Russell 2000 – closed higher yesterday. No change in any index directions. The Daily Nugget A lot of successful trading is counterintuitive. […]
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