Traders Daily Direction
Gold In The Buy Zone
We’ve been working on the gold market over the past week, including our discussion in yesterday’s edition of this update. We now see that gold is now in the buy zone and providing potential opportunities for trades now for the glittering metal. Today, let’s take at the recent trading pattern setups for gold and how … The post Gold In The Buy Zone appeared first on Josh Daily Direction.
How We’re Still Finding Opportunities at the Right Levels
The stock market continues to show signs of resilience and optimism. On any given day, the leading indexes will experience buying sending traders into profitable trades, including for the core US benchmark S&P 500 Index. In fact, even this morning, the S&P showed some nice gains for a period of time both in the cash … The post How We’re Still Finding Opportunities at the Right Levels appeared first on Josh Daily Direction.
Here’s the Rundown on BTC
The digital currency markets continue to be as volatile as the leading stock market indexes over the past weeks. This is providing challenges for researching and analyzing both direction as well as levels for entry. There are definitely plenty of opportunities for trading digital currencies, especially the leading currency in BTC. In addition, by tracking … The post Here’s the Rundown on BTC appeared first on Josh Daily Direction.
Go Small for Bigger Gains
The stock market is having another big risk-off trading day… This follows the prior day’s enthusiasm stemming from the series of excellent economic data and news, particularly for consumer spending and retail sales. But even today, there are trades setting up for stocks that are bargains now with underpinnings of future positive business successes. Specifically, … The post Go Small for Bigger Gains appeared first on Josh Daily Direction.
Let’s Go For the Gold
The stock market has experienced plenty of downs lately with a few ups along the way, such as for this morning. But with plenty of concerns held by stock traders right now, looking at alternative assets for trading gain opportunities just makes a lot more sense right now. Gold is one of those alternative assets … The post Let’s Go For the Gold appeared first on Josh Daily Direction.
A Big, Bold Forecast for the Nasdaq 100 Market
Big technology stocks have been a major driver for the US stock market returns over the past some years. And these stocks have also been a major source of asset gathering by mega asset managers, both in ETFs as well as for general investment funds. This also includes many major hedge funds that are active … The post A Big, Bold Forecast for the Nasdaq 100 Market appeared first on Josh Daily Direction.
The General of the EV Market
General Motors Company (GM) is spending a reported billions on developing electric vehicles (EVs) that will counter Tesla Motors (TSLA) as well as other EV companies. The market is hot for EVs, and this may well set up trading opportunities for long trades in the leaders in EVs including for GM. This has led us to … The post The General of the EV Market appeared first on Josh Daily Direction.
Food… Glorious Food for More Stock Gains
There has been an ongoing comparison between Cisco Systems Inc (CSCO) and Sysco Corporation (SYY). While spelled completely differently and in different industries, they provide a “ying and yang” between technology and food. This makes both of these two stocks barometers for the market sectors and the economy. Tech is losing, with Cisco down in … The post Food… Glorious Food for More Stock Gains appeared first on Josh Daily Direction.
A Top Trade Idea for this Week
The stock markets are getting more challenging to find long trades right now. But they still can be found for safer opportunities in the right indexes, index futures contracts as well as individual stocks of successful companies. This week, after some additional days of research, analysis and deliberation, we have a long trade idea for … The post A Top Trade Idea for this Week appeared first on Josh Daily Direction.
Checking In on BTC & ETH After Yesterday’s Big Drop
Digital currencies have had some tough trading days and weeks for a while. With the correlation running strong with US stocks, particularly higher-charged tech stocks, digital currencies have been mostly trading into the red. However, there may well be some upside trading levels for the leading currencies that we follow via futures contracts in BTC … The post Checking In on BTC & ETH After Yesterday’s Big Drop appeared first on Josh Daily Direction.
This is the Key Level We’re Watching in the ETH Market
Last week, we talked about the digital currency markets, which were experiencing similar troubles to those of the overall stock market. At the time, we said that the ETH futures (ETH) market was in an up channel on the daily time frame, with the market moving from the top of the channel towards the bottom … The post This is the Key Level We’re Watching in the ETH Market appeared first on Josh Daily Direction.
Zooming Out for a Better View of the Market
This week has certainly been a scary one for most bullish investors. Markets rallied into the Federal Reserve meeting on Wednesday, only to fall back to their recent lows earlier today. Just when it looked like things were looking up again for stocks, Mr. Market’s attitude turned sour. But today, I want to take a … The post Zooming Out for a Better View of the Market appeared first on Josh Daily Direction.
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