Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
The latest Core PCE data came in just below consensus, signaling that the Fed may continue focusing on economic growth rather than battling inflation. Markets initially reacted with gains but pulled back as the day progressed. Wall Street legend Bob Farrell once said, “A bubble is a bull market in...
Hey, Ross here: Welcome to a new trading week. My advice? Prepare for a pullback. Chart of the Day I’m writing this before the market opens. And right now, S&P...
Hey friend, Let’s see how markets have been moving as we enter the middle of the trading week. The Daily Direction Note: Stocks notched another upward close yesterday, with the market clearly having positive expectations for inflation. The Daily Nugget It’s often more important to pay attention to the leading stocks rather than the broader […]
Hey, Ross here: Markets may have closed higher yesterday – but it was a very volatile session. In that vein, let’s make sure we stay prepared for any possible declines by looking at an actionable short trade idea. Chart of the Day America’s favorite drug dealer, Pfizer (PFE), has been steadily declining since the start […]
Hey friend—Ross here. We were supposed to get the official jobs report today, but the shutdown pushed it back. No worries—I’m still tracking fresh signals: services data landed about as expected, and major indexes keep pressing higher across short-, medium-, and long-term trends. In today’s note, I...
It’s Ross Givens here, with Chart of the Day. Entering 2024 with the wind at our backs. As history echoes this year's double-digit market surge in the final two months, optimism prevails. Brace for a January and first-quarter boom, setting the stage for a promising year ahead. In my journey to...
Hey friend, Let’s see how markets have been moving as we start a brand-new trading week. The Daily Direction Note: Mixed jobs data on Friday again stoked rate hike fears, sending markets to a negative weekly close. Nevertheless, there was no change in any index directions. The Daily Nugget Understand the difference between process and […]
Hey friend, We got the weekly jobless claims numbers this morning, which showed a dip from last week and came in below expectations. Also, the contraction in...
Hey, Ross here: And here’s a chart highlighting the market indecision caused by the Fed yesterday. Chart of the Day The Fed paused hikes as expected yesterday. But it was also more hawkish than expected in its statement, hinting that it might hike rates two more times this year. This has created a bit of […]
Hey, Ross here: As of last Friday’s close, the Nasdaq is down 22.7%, while the S&P 500 is down 17.5%. In short, the Nasdaq is already in a bear market… And I...
The latest Core PCE data came in just below consensus, signaling that the Fed may continue focusing on economic growth rather than battling inflation. Markets initially reacted with gains but pulled back as the day progressed. Wall Street legend Bob Farrell once said, “A bubble is a bull market in...
Hey, Ross here: The Fed is widely expected to cut rates tomorrow. That may or may not result in a big market surge (I’ll explain later). But in the leadup to...
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