Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
As traders, it’s important to remember that we cannot control the market. The market has a mind of its own, and it’s never going to do exactly what we expect it to. The only thing we can really do is go with the flow of what we’re seeing and react to it as best as …
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Today, we’re going to continue our ongoing chart pattern series with a pattern we’d all like to see take place in the broad market… Yes, I’m talking about a bottoming pattern that could tell us when the market will finally turn back to the upside. Of course, there are no guarantees in technical analysis or …
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Yesterday, the Federal Reserve raised its target rate range by another 0.75%… This was the third rate hike of this magnitude this year, and it looks like rates will continue to rise until inflation is under control. This tightening of monetary policy is hitting the markets hard again this week, and that’s keeping the S&P …
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As regular readers know, higher interest rates are bad for stocks, but excessive inflation is also not good for the economy or the markets.
The post Why Today’s Fed Announcement is So Important appeared first on Stock Surge Daily.
….Today, we’re looking at the S&P 500 Index (ES). We are looking at the potential for further downside. So let’s take a look at the S&P 500 Index futures contracts… Looking at S&P 500 Futures Contracts Here’s how the chart is shaping up and how we see the market… The ES daily time frame is …
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Forget the Magnificent 7 – these 3 stocks are poised for HUGE moves in the next leg of the AI boom. Wall Street veteran Ross Givens just revealed the details…
The S&P 500 (SPX) Standard and Poor’s 500 is a freely weighted portfolio measurement index of 500 of the biggest bond firms in the US. It is one of the most often used stock indexes.
The S&P 500 index is a capitalization-weighted index and 27,5% of the market capitalization of the index is made up of the top ten stocks. Apple Inc., Microsoft, Amazon.com, Facebook, Alphabet Inc. (class A & C), Tesla, Inc., Berkshire Hathaway, JPMorgan Chase & Co., and Johnson & Johnson were among the ten most important firms inside the index in terms of weighting. See S&P 500 firms for a list of components of the index.
Time to Sell the Rip in ES?
The S&P 500 (ES) futures market had a big win yesterday, gaining almost 2% to fend off the bears at the June lows. However, the daily time frame remains in a down channel, and we are still looking for selling ideas. If we see the current bounce continue towards the top of the channel, that’s …
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