Traders Daily Direction
Traders Who Wait for This are Too Late
Traders either act too soon or too late. In a rebound there’s a very fine line to walk. And today’s issue reveals clues on how to walk it.
Are You Truly Prepared to Profit From This Uncertain Market?
Hey friend, Here’s how markets have been moving. The Daily Direction Note: Another positive close for the markets – but no change to any index directions. The Daily Nugget Always be prepared for sudden changes in market direction. Markets are fickle – especially when there’s been no clear trend (like now). And what that means […]
Markets Need Time for This
Hey friend, The markets rose again yesterday (despite 10-year Treasury yields rising again)… And Fed Chair Powell has just finished (or is about to finish) his post-FOMC press conference. So let’s see how markets have been moving. The Daily Direction Note: All indexes closed higher yesterday in anticipation of the conclusion of the Fed meeting. […]
Move Fast or Lose Out
Hey friend, Let’s see how the markets have been moving as we wait for the Fed’s rate hike decision later today. The Daily Direction Note: Yet another solidly green close yesterday, with all index directions firmly in the green. All eyes now turn to the Fed’s rate hike decision, which will be released at 2 […]
Do you have the right data to trade?
Good morning, Traders! It’s been an exciting week of trading. Now’s the time to sit down an go over some of the fundamentals of the market! Trading can be a lucrative profession. Traders and brokers move millions of dollars in liquidity every day. Along with stocks and currency, futures contracts are among the most popular … The post Do you have the right data to trade? appeared first on Josh Daily Direction.
Smart Money Footprints
Hey friend, A rebound in 10-year Treasury yields and disappointing results from tech giant Alphabet pressured markets downward yesterday. There is now one green holdout in the Daily Direction table – and even that may not last. The Daily Direction Note: All indexes closed negative yesterday, sending the S&P 500’s long-term direction back downward. The […]
Bull Trap? Don’t Care
Hey friend, Let’s see how the markets have been moving after the Fed’s decision yesterday. The Daily Direction Note: A mixed close yesterday, with the S&P 500 and NASDAQ rising slightly but the Dow and the Russell 2000 falling. All directions remain solidly in the green, though. The Daily Nugget Bull traps matter to long-term […]
Don’t Let THIS Consume Your Trading
Hey friend, Let’s start the new trading week by looking at how markets have been moving. The Daily Direction Note: Markets closed the week strong – flipping almost all index directions back upward. The Daily Nugget Worry less about the indexes and focus more on stocks that meet your trading criteria. This may be a […]
Volatile vs. Choppy Markets (Not What You Think)
Hey friend, Here’s how markets have been moving as we close out the week. The Daily Direction Note: Markets rose after dovish comments by a Fed official and buyers stepping in at key support levels. The long-term direction of the NASDAQ flipped back into positive territory. The Daily Nugget A choppy market isn’t just a […]
Be Happy About the Market’s “Irrationality”
Hey friend, Let’s see how markets have been moving as we close out the trading week. The Daily Direction Note: A mixed close for the markets yesterday, and as the above table shows – the contrast between which indexes are performing well (and which are not) is starkly clear. The Daily Nugget The market can […]
Up, up, and away!
Good morning, Traders! Both the long-term and short-term directions for the Nasdaq futures market (NQ) are up! The daily timeframe is pushing bullish with an uptrend toward the 14895.5 price point. In the one-hour timeframe, the market is still making higher highs and higher lows as buyers remain in control. I’m still really happy with how … The post Up, up, and away! appeared first on Josh Daily Direction.
Is This Pullback Upsetting Your Stomach?
Hey friend, Here’s how the markets have been moving. The Daily Direction Note: The pullback in the markets accelerated as Powell told Congress that further rate hikes this year were “likely”. Yet, all the index directions are still firmly in the green. The Daily Nugget If minor pullbacks upset your stomach – you know what […]
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