Traders Daily Direction
Forecasting Fails (Do This Instead)
Hey friend, Let’s see how markets have been moving as we close out the trading week. The Daily Direction Note: A largely negative close yesterday due to renewed fears surrounding the regional banking crisis and a few negative earnings reports. No change in any directions, however. The Daily Nugget Be a translator – not a […]
Is Your Stomach Sabotaging Your Trading?
Hey friend, Here’s how markets have been moving as we enter the middle of the week. The Daily Direction Note: A mixed close for markets – with no changes in any index directions. The Daily Nugget “Everyone has the brainpower to make money in stocks. Not everyone has the stomach.” ~Peter Lynch This is especially […]
Dangerous Unknowns
Hey friend, Let’s see how markets have been moving. The Daily Direction Note: Expectations for cooling inflation and the start of the second-quarter earnings season lead to an upward close yesterday – sending all index directions back into the green. The Daily Nugget It’s the things we don’t know we don’t know that are dangerous. […]
How Many Traders are Listening to This?
Hey friend, Here’s how markets have been moving as we begin a new trading week. The Daily Direction Note: A weak retail sales report offset enthusiasm from a stronger-than-expected start to earnings season – leading to a mixed close for the markets. No changes in direction except for the short-term direction of the Russell 2000 […]
It’s Only Human Nature
Hey friend, The “Fed speak” we talked about yesterday caused the rally to pause… And with inflation data on the menu for next Tuesday – next week is likely to determine whether this rally is sustainable or not. The Daily Direction Note: All indexes closed lower yesterday, with the Russell 2000’s short-term direction flipping back […]
Focus – or Fail
Hey friend, Let’s see how markets have been moving as we start a new trading week. The Daily Direction Note: Comments by certain Fed officials caused the narrative that the rate hiking cycle was over to waver – sending stocks to a lower close last week. No change in any directions. The Daily Nugget An […]
Charting Your Way to Better Trades
Good Morning, Daily Direction readers! It’s Thursday, so that means it’s time for another look at a critical component of my futures trading strategy. If you’ve been following my trades, you’ll know that I base my futures trading decisions mainly on timeframe charts. Today, I want to teach you what indicators and setups I use when … The post Charting Your Way to Better Trades appeared first on Josh Daily Direction.
Did you miss my latest video?
Good Morning, Traders! We’re back to business after a much-needed holiday weekend! The markets are open, and it’s time to look at how the futures markets will move this week. I recently sent out a video I made just for you, my loyal readers. In it, I discuss the biggest futures markets and what we … The post Did you miss my latest video? appeared first on Josh Daily Direction.
Do You Have This “Rule”?
Hey friend, Yesterday, Softbank’s chip designing company, ARM went public in the biggest IPO of 2023 – jumping 25% in a day and lifting the entire market along with it. So let’s see how markets have been moving in reaction to it. The Daily Direction Note: Thanks to ARM’s IPO, all index directions – with […]
Can You Read the Market’s Rhythm?
Hey friend, Let’s see how the markets have been moving after the long weekend. The Daily Direction Note: Markets pulled back on Friday last week, but it was still the best weekly performance for the S&P 500 and NASDAQ since March. It was also the S&P 500’s fifth positive week in a row, while the […]
Useless Trading Edges
Hey friend, Let’s see how markets have been moving. The Daily Direction Note: A slightly negative close yesterday as markets await key inflation data. No change in any direction except the Dow’s short-term direction flipping negative. The Daily Nugget An edge without execution is useless. Having an edge as a trader is crucial. You know […]
The 2 Most Dangerous Words in Trading
Hey friend, Markets continue to dip as they digest the Fed’s post-meeting comments and the spike in Treasury yields. Again, how it all plays out next week could determine where the next trend is. The Daily Direction Note: All indexes closed significantly lower yesterday – with many of them even “gapping down”. No change in […]
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