Traders Daily Direction
My Big Idea to Kick Off this Trading Week
Each and every week, I share what I see as one of my top trade ideas for the futures contacts markets. And to invite global comments, I provide the core chart and discussion on my TradingView page right here. Gold continues to provide trading opportunities both for shorter-term trades as well as for longer-term position … The post My Big Idea to Kick Off this Trading Week appeared first on Josh Daily Direction.
Checking in on My Tech Trade Idea
As May was wrapping up and June was getting underway, technology stocks provided some great trading opportunities. From May 24 through last Friday, the tech-laden Nasdaq 100 Index futures contract (NQ) has returned over 6.8%, well outpacing the more general stock indexes such as the S&P 500 Index futures contract (ES) for the same time … The post Checking in on My Tech Trade Idea appeared first on Josh Daily Direction.
Finding Bigger Gains from Smaller Stocks
Sometimes, traders can actually find bigger gain opportunities from smaller stocks in the US market. Smaller stocks tend to be focused on US customers and market segments, which insulates them from currencies, including the stronger US dollar, as well as global economic challenges, as the US is currently setting up to be one of the … The post Finding Bigger Gains from Smaller Stocks appeared first on Josh Daily Direction.
My Golden Trade Idea is Ready to Hit
Gold got my attention this week as the currency and other markets set up conditions that are more favorable for the shiny yellow metal. Add in the ongoing volatility in the stock markets, and traders have been further getting in line with my reasoning for higher gold prices. I recently presented the trade idea for … The post My Golden Trade Idea is Ready to Hit appeared first on Josh Daily Direction.
This Week’s Trade Idea for the S&P 500
The stock market was showing some positive signs as the month of May came to a close, including a positive performance for the S&P 500 Index futures contract (ES). Then, as June commenced, the ES set up as a buy trade idea. To kick off the new trading month, I’m sharing my thoughts on the … The post This Week’s Trade Idea for the S&P 500 appeared first on Josh Daily Direction.
A Short-Term Setup in the NQ
With the old adage of “Sell in May and go away” as a backdrop, today the market is setting up some trading ideas in the buy zone. This includes the technology-focused Nasdaq 100 Index futures contract (NQ). Here’s how I see this index and its contract shaping up for a positive trade idea today. The … The post A Short-Term Setup in the NQ appeared first on Josh Daily Direction.
How Market Candlesticks Measure Traders’ Emotions
With the markets closed on Monday for Memorial Day, this provides a great opportunity to take a step back and review how charting works to identify trading opportunities as well as to know when a chart shows when a trade shouldn’t be made. Today, I’m going to give you a prime primer course in candlesticks … The post How Market Candlesticks Measure Traders’ Emotions appeared first on Josh Daily Direction.
How I Use TradingView to Chart the Futures Markets
If you’ve been following my trading strategy, you’ll know that I rely heavily on timeframe charts to make futures trading judgments. So today, I want to teach you about the indicators and setups I use when preparing my charts. Dealing with all of the data for trading might be difficult, but properly setting up my … The post How I Use TradingView to Chart the Futures Markets appeared first on Josh Daily Direction.
A Big Longer Term Idea for the S&P
There are different views that can be taken on the stock and other markets. On any day, there are intraday and daily trading ideas for short term gains. But there can also be longer-term ideas that may not be ready to trade now but are worth keeping an eye on to see if and how … The post A Big Longer Term Idea for the S&P appeared first on Josh 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.
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