Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
How a False S&P 500 Breakout Turned into a Real Breakdown
In late May, I gave you several key support and resistance levels for the S&P 500 index that I continue to have my eyes on. At the time, the index was trading in a sideways consolidation channel around the 3,975 level. And I explained that when that range was broken, there would be either a … The post How a False S&P 500 Breakout Turned into a Real Breakdown appeared first on Stock Surge Daily.
Here’s What to Watch as We Wait for the Bottom
About a month ago, I wrote an article called, Three Big Reasons Why The S&P 500 Could Fall Further. We looked at the S&P 500 index alongside the S&P 500 Volatility Index (VIX) as well as market breadth. Putting all three together, it was clear to me that stocks were in for further selling at … The post Here’s What to Watch as We Wait for the Bottom appeared first on Stock Surge Daily.
Why the BTC Selloff Doesn’t Surprise Me One Bit
Last month, I published an article called, The BTC Bubble is Playing Out Exactly as I Said It Would. In it, I explained the five stages of the BTC bubble… Displacement Boom Euphoria Profit-Taking Panic And with the recent plunge throughout the digital currency markets, BTC is now firmly in the panic stage. If you … The post Why the BTC Selloff Doesn’t Surprise Me One Bit appeared first on Stock Surge Daily.
How Alpha Traders Are Handling This Wild Market
In our June 6 Watchlist Update, we asked if the market low was already in. At the time, the lows from May 20 were holding across the major indexes, and we saw a bullish follow-through day on May 26. By then, the market was about 7% off those lows, and it looked like the S&P … The post How Alpha Traders Are Handling This Wild Market appeared first on Stock Surge Daily.
Watchlist Week of June 13th, 2022
Grayscale Bitcoin Trust (Short Idea) The Grayscale Bitcoin Trust (GBTC) is an exchange traded fund that gives investors access to Bitcoin in the form of a security. It trades like a stock and can be bought in any traditional brokerage account, so you don’t have to go through a digital currency exchange to trade it. … The post Watchlist Week of June 13th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Stocks Break Down as CPI Heats Up
The market fell apart last week, with the Nasdaq 100 and S&P 500 each tumbling roughly 5%. This was the worst week for stocks since January. The catalyst? Inflation. Consumer Price Index (CPI) numbers showed another record level for inflation on Friday. The hope was that inflation had peaked and the May numbers would show … The post Watchlist Update: Stocks Break Down as CPI Heats Up appeared first on Stock Surge Daily.
Are Solar Stocks Ready to Shine Again?
We’ve been talking a lot lately about the energy markets… And for good reason. Crude oil futures are up 60% so far this year, and natural gas futures are up a whopping 134%. While I’m not happy about this as a consumer, it’s been great for traders like us looking to ride the wave of … The post Are Solar Stocks Ready to Shine Again? appeared first on Stock Surge Daily.
How We’re Stealth Trading in the Energy Markets
Last Friday, we talked a bit about the energy markets and how we had traded Permian Basin Royalty Trust (PBT) in my Alpha Stocks research service. As a reminder, subscribers had the chance to book a 21% gain in PBT shares in just over two weeks. Well, since then, the price of crude oil in … The post How We’re Stealth Trading in the Energy Markets appeared first on Stock Surge Daily.
Why the Cup and Handle is One of My Favorite Chart Patterns
It’s been a while since we’ve talked about price patterns… But given that one of this week’s Watchlist stocks is forming a “cup and handle” pattern, I wanted to take some time to review that pattern specifically. The cup and handle, sometimes called a “cup with handle,” is a well known but little understood price … The post Why the Cup and Handle is One of My Favorite Chart Patterns appeared first on Stock Surge Daily.
Is Your Exit Strategy Leaving Gains on the Table?
We’ve been on a roll over at my Alpha Stocks research service lately. Even with the action we’ve seen in the markets, we’ve been able to find winning trades. For example, I’ve written about our short trade in Pegasystems Inc. (PEGA) that took place back in May. That stock was stair-stepping its way lower with … The post Is Your Exit Strategy Leaving Gains on the Table? appeared first on Stock Surge Daily.
Watchlist Update: Is the Market Low Already In?
The lows that the S&P 500, Nasdaq 100 and Dow Jones all made on May 20 continue to hold. Since then, we’ve seen a valid follow-through day on May 26 and strong action that week. Last week, the indexes were largely unchanged. As I’m writing this on Friday morning, the S&P and Nasdaq are flat … The post Watchlist Update: Is the Market Low Already In? appeared first on Stock Surge Daily.
Watchlist Week of June 6th, 2022
Howmet Aerospace Inc. Howmet Aerospace Inc. (HWM) is a $15 billion specialty industrial company that engineers metal products for the aerospace and transportation industries across the globe. The company is a major supplier for Boeing (BA). Here’s how the chart is setting up… And here’s how the stock is setting up with my Stock Surge … The post Watchlist Week of June 6th, 2022 appeared first on Stock Surge Daily.
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