Stock Symbols

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows the U.S. 10-year Treasury yield, which has been reliably negatively correlated with stock prices for the past couple of years. When yields rise, stocks go down, and when yields fall, stocks go up. Since mid-April, Treasury yields have been in a downward channel pattern. This signals that – at least in the near term – we should still be aggressive with our trading. If this trend reverses, we should be more cautious. As I explain in the Insight of the Day, selective aggression is key.

Hey, it's Ross Givens here with the Chart of the Day. Today's first chart is an indication of market momentum based on the 125-day moving average, one of the indicators in CNN’s Fear and Greed Index. Personally, I prefer using the 50 and 200-day moving averages, but even with those benchmarks, there’s no denying the S&P 500 has strong momentum. The second chart shows the percent of stocks at 52-week highs compared to 52-week lows. Right now, there are about as many highs as lows, which is typically not a sign of strength. One indicator shows Extreme Greed, another Extreme Fear. No wonder traders are worried. I explain what I think in the Insight of the Day.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows how various sectors – as measured by their respective ETFs – performed over the second quarter. As you can see, the divergence is still very much in play. Over half of the sectors posted negative returns for the quarter, even though the S&P 500 was up over 4%. Only three sectors outperformed the broad S&P 500 index: tech, utilities, and communication services. This divergence is likely to continue. What does that mean for us traders? I explain in today's insight.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows the S&P 500 with Kolanovic’s previous predictions mapped out on the index. As you can clearly see, following his predictions would have been disastrous for your financial health. You would have bought in before big declines and sold before rapid surges, leading to severe underperformance. Don’t trust these Wall Street talking heads – use them instead.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows the S&P 500’s average monthly performance for the past 10 years. The S&P 500 has been up in July 90% of the time, with an average return of 3.1%. Is this a guarantee the market will go up in July? Of course not. But it does mean the odds are on our side. Make sure to take advantage of it.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows the S&P 500’s average monthly performance for the past 10 years. The S&P 500 has been up in July 90% of the time, with an average return of 3.1%. Is this a guarantee the market will go up in July? Of course not. But it does mean the odds are on our side. Make sure to take advantage of it.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows how the S&P 500 has moved on average during June for the past 73 years. As you can see, weakness in the second half of June is the norm, and 2024 is following the same pattern. The market typically starts moving upward again in July. This means that the remaining trading days of June – even if weak – are actually an opportunity for savvy traders.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows how NVDA has moved over the past five days. Despite yesterday’s nearly 7% recovery, the stock is still down 10% from its intraday peak last Thursday, wiping out about $350 billion in market value. I'm not predicting a crash, but I wouldn't be surprised if NVDA starts losing some of its dominance – and you shouldn’t be either. As I explain in the Insight of the Day, this might actually be a good thing.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows the Bloomberg US Treasury Index over the past year. Typically, US stocks and Treasuries move inversely, but for the past two years, they've been moving in tandem. Treasuries are recovering strongly and look ready to break past last year's peak resistance level. Traders are betting on rate cuts after the recent inflation data, despite Powell's statements. There's still plenty of opportunity left in this market.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows the Equal-Weight S&P 500 index – showing how the S&P 500 looks if every stock has equal weight, not by market cap. This cancels out the effect of dominant market leaders, providing a better gauge of market breadth. The chart shows a bullish wedge pattern forming, signaling a potential breakout higher. With the regular S&P 500 also rising, this rally appears to have real legs.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows how many of the 30 largest stocks in the S&P 500 now were already in the top 30 years ago. Rewinding just 10 years, only about half were in that league back then. While some market leaders stay dominant for a long time, many underestimate how fast leadership changes. To target emerging market leaders, we must ask the right questions. I explain more in the Insight of the Day.

Hey, it's Ross Givens here with the Chart of the Day. Today's chart shows how many of the 30 largest stocks in the S&P 500 now were already in the top 30 years ago. Rewinding just 10 years, only about half were in that league back then. While some market leaders stay dominant for a long time, many underestimate how fast leadership changes. To target emerging market leaders, we must ask the right questions. I explain more in the Insight of the Day.