Traders Daily Direction
Are the Bulls Coming Back to Technology Stocks?
Technology is historically one of the leaders in the market and one to keep an eye on for both market-leading trades as well as just confirming long trades in general. The Nasdaq 100 Index (NQ) is made up of large-cap technology stocks. As it moves, it can work to drive the whole market. And right … The post Are the Bulls Coming Back to Technology Stocks? appeared first on Josh Daily Direction.
Where We’re Seeing Potential in the ES
After a tough trading week for the big benchmark S&P 500 futures contract (ES), we’re seeing potential in the monthly chart patterns for a bullish move. Not all is in the clear, as the daily chart still shows some challenges that have to be overcome. But that’s why we continue to follow and research the … The post Where We’re Seeing Potential in the ES appeared first on Josh Daily Direction.
Is There More Upside to Crude Oil?
No resource is greater in need and shorter in supply than crude oil. And with the stock market still challenged, crude oil is also gaining trader appeal right now as a viable hedge. But the key to profitable trades is to be in at the right entry level as well as being ready to exit … The post Is There More Upside to Crude Oil? appeared first on Josh Daily Direction.
Nothing Crude About Big Oil Gains
With the stock market still challenged and other financial assets having their own ups and downs, crude oil is gaining trader appeal right now as a viable hedge. Oil continues to provide periodic gains both this year and last and potentially in the weeks and months to follow. But the key to profitable trades is … The post Nothing Crude About Big Oil Gains appeared first on Josh Daily Direction.
Is Gold Glittering or Tarnished?
With the stock market still challenged and other financial assets having their own ups and downs, gold is gaining trader appeal right now as a viable hedge. Gold continues to provide periodic gains both this year and last, and it is the subject of this week’s idea, which I’ve just published to my TradingView page. … The post Is Gold Glittering or Tarnished? appeared first on Josh Daily Direction.
Is the S&P Setting Up for a Bull or Bear Market?
The US stock market continues to gyrate day by day and week by week. And with the Federal Reserve Open Market Committee (FOMC) continuing to pursue actions that will reverse easier money over the coming months, look for more ups and downs in the market. But this doesn’t mean that the benchmark S&P 500 Index … The post Is the S&P Setting Up for a Bull or Bear Market? appeared first on Josh Daily Direction.
How We’re Setting Up to Capitalize on the Selloff
The US stock market is having plenty of challenges. Leading indexes have moved into bearish market conditions, with perhaps more to follow. And even if we get the recovery in some of the leading indexes, not all are set for a recovery right now before a potential further selloff. Small stocks as tracked by the … The post How We’re Setting Up to Capitalize on the Selloff appeared first on Josh Daily Direction.
Are Tech Stocks Done Or Not?
The stock market is having a very tough day. Bears appear to be running amok, and losses have been mounting in various sectors and indexes. This includes the technology-heavy Nasdaq 100 Index and the Nasdaq 100 Index futures contract (NQ). But while the index and the contract are down big today, it still may be … The post Are Tech Stocks Done Or Not? appeared first on Josh Daily Direction.
When All Else Goes South, Go With Gold
Today’s stock market was sent south with the inflation data from the Bureau of Labor Statistics (BLS) and its Consumer Price Index (CPI). The increase in monthly and annual data sent fears flying over inflation, and stocks were sold off again. And even as the University of Michigan Consumer Sentiment data was lower, it was … The post When All Else Goes South, Go With Gold appeared first on Josh Daily Direction.
What’s the Next Move for the S&P 500 Index?
The S&P 500 Index is the benchmark Index for countless investment funds and is the bogey that fund managers have to beat quarter by quarter and year by year. So, what is happening for this important index so far this year? And what does our research show for the direction and trading opportunities for this … The post What’s the Next Move for the S&P 500 Index? appeared first on Josh Daily Direction.
Why Small Stocks Mean Big Profit Potential
On any given trading day, it’s the big, well known stocks that grab the headlines. Be it news developments that drive stock prices or even the whole market for better or worse or just product news, big stocks get big attention. But for this year’s stock market performances, bigger isn’t necessarily better for price gain … The post Why Small Stocks Mean Big Profit Potential appeared first on Josh Daily Direction.
The Tech Path for Gains Reveals Itself
While the US stock markets are not completely and fully in a bull market, there are trails and paths for profits that I’m discovering right now. All it takes to get past the under and over brush of weeds is to hunker down and stick to my tried and true chart analysis to find these … The post The Tech Path for Gains Reveals Itself appeared first on Josh Daily Direction.
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