Traders Daily Direction
S&P 500 Index on the Verge of Another Drop?
We’ve been looking for a potential bullish turnaround in the benchmark S&P 500 (ES) futures market lately… But it is still trading within its longer term bearish trend. The market just got rejected at the long term down trend line and has broken the short term counter trend line bearish. Now, we’re just looking for … The post S&P 500 Index on the Verge of Another Drop? appeared first on Josh Daily Direction.
Two Paths for Small Cap Stocks
The small cap stocks as tracked by the Russell 2000 Index traded firmly into the buy zone over the past few weeks. However, it is now at risk of falling back into the sell zone… This sets up a decision whether to trade into a long position or look for selling ideas at the right … The post Two Paths for Small Cap Stocks appeared first on Josh Daily Direction.
Big Tech Set for Bullish Turn or Big Drop?
Big tech stocks continue to garner trader attention, particularly those in the primary Nasdaq 100 (NQ) futures index. Our research shows upside, but the market is currently right on the down trend line. If the trend line holds, there could be more upside in store. If not, a drop back to the up trend line … The post Big Tech Set for Bullish Turn or Big Drop? appeared first on Josh Daily Direction.
Crude Oil Trade Idea Moving Along As Planned
US crude oil is down hard today in both the crude oil futures contract market (CL) and cash market. However, our bullish trade idea from last week is still in play despite today’s bear move. We noted that the market was moving from a high price towards a low price near the down Fibonacci extension. … The post Crude Oil Trade Idea Moving Along As Planned appeared first on Josh Daily Direction.
Looking for an Entry in Crude Oil
US crude oil is one of the most crucial markets right now… It was in a big bullish market for a long while and traded to over $130 a barrel earlier this year. But since then, it has pulled back substantially. Will this continue and when might a good entry level be found? Let’s find … The post Looking for an Entry in Crude Oil appeared first on Josh Daily Direction.
What’s Next for BTC After Today’s Big Drop?
The digital currency market continues to grab trader and investor interest, despite the market price challenges of the day. We continue to follow the market for BTC via the BTC futures contract market (BTC) despite still being out of the market for now. But we can’t forget about this important market given the potential opportunities … The post What’s Next for BTC After Today’s Big Drop? appeared first on Josh Daily Direction.
Benchmark Index Still In a Long-Term Downtrend?
Stock markets continue to move between their sell and buy zones, which is creating opportunities for traders. But the mega benchmark S&P 500 Index and its futures contract (ES) is currently at a key level and waiting to either break down into the sell zone or break out into the buy zone. There has been … The post Benchmark Index Still In a Long-Term Downtrend? appeared first on Josh Daily Direction.
Turnaround Time for Small Cap Stocks?
Stocks are still somewhat unsettled, and performance has been mixed so far this week. But in particular, I’ve been watching the developments in small cap stocks, which have now broken out into the buy zone. The market to keep an eye on is the Russell 2000 Index futures contract (RTY). So, let’s check in on … The post Turnaround Time for Small Cap Stocks? appeared first on Josh Daily Direction.
Big Tech Breaking into the Buy Zone?
Stocks are still somewhat unsettled, and performance has been mixed so far this week. But technology is actually getting some renewed buying interest… In turn, the big tech market as tracked by the Nasdaq 100 Index futures (NQ) is now breaking into the buy zone. So, let’s check in on our current analysis on this … The post Big Tech Breaking into the Buy Zone? appeared first on Josh Daily Direction.
Checking In On The Crude Oil Market
The market for US crude oil futures (CL) has been gyrating quite a bit over the past days and weeks. That makes now a good time to check in on this market and see if we can find a direction. Today, the market is trading off by a good margin… And there could be further … The post Checking In On The Crude Oil Market appeared first on Josh Daily Direction.
Where Is BTC Headed Next?
The BTC futures contract (BTC) continues to garner plenty of attention from traders and investors alike. As such, it is ever more important that we continue to monitor the direction and the potential for the BTC index. The monthly chart remains in a long term up trend but is moving from a high price to … The post Where Is BTC Headed Next? appeared first on Josh Daily Direction.
Why We’re Watching the NQ for the Next New Trade Idea
The Nasdaq 100 Index (NQ) is the leading index for bigger tech stocks that we follow very closely. And this week, we are studying the index to try to find the next direction for the market. With NQ at the top of its down channel, it could break into the buy zone and continue further … The post Why We’re Watching the NQ for the Next New Trade Idea appeared first on Josh Daily Direction.
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