Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Video Update: LiveWire Group Stock is a Strong Short
In today’s seven-minute video, I’ll explain why I think LiveWire Group, Inc. (LVWR) is a strong short candidate. The post Video Update: LiveWire Group Stock is a Strong Short appeared first on Stock Surge Daily.
Small Cap Stocks Set Up a Trading Range
One thing we know about the Russell 2000 (RTY) futures market is that it loves to consolidate. It tends to go through long periods of sideways action on the monthly and daily charts that often result in big moves up or down. Well, the RTY is in one of those consolidation ranges right now. And … The post Small Cap Stocks Set Up a Trading Range appeared first on Josh Daily Direction.
This Week’s Big Idea for Crude Oil Futures
I share my top trade setups whenever I have a big, new idea for the market… And to invite global comments, I provide the core chart and discussion on my TradingView page. After falling below its longer term up trend line briefly last week, the crude oil (CL) futures market is bouncing back in a big … The post This Week’s Big Idea for Crude Oil Futures appeared first on Josh Daily Direction.
How I Plan to Trade This Bear Market Rally
With a weekly gain of 5.73% at Tuesday’s close, the S&P 500 just had its best two-day rally since March of 2020. The post How I Plan to Trade This Bear Market Rally appeared first on Stock Surge Daily.
Finding Trading Patterns in S&P 500 Futures
Today, I want to share some of my insights on how to recognize market trading patterns. Being able to spot specific market patterns is crucial to knowing when to buy and/or sell a particular market. But how do we go about figuring out what the market is doing? Well, we rely on our time frame … The post Finding Trading Patterns in S&P 500 Futures appeared first on Josh Daily Direction.
Your Guide to the Double Top Pattern
Last week, we talked about the “double bottom” pattern and explained why we could be seeing one form in the S&P 500. With yesterday’s big gain in the broad market and with another big push by the bulls ahead of the open this morning, we’re hoping that the June lows continue to hold and that … The post Your Guide to the Double Top Pattern appeared first on Stock Surge Daily.
Bulls Fight Back, But Bearish Trend Remains
The bulls are fighting back against the bears as the new week begins… After closing below the June lows last Friday, the Nasdaq 100 (NQ) futures market is bouncing back today by 1.6%. Stocks are up across the board, but it’s important to remember that this market is still firmly in a down trend. Therefore, … The post Bulls Fight Back, But Bearish Trend Remains appeared first on Josh Daily Direction.
Watchlist Update: Looking for Low Risk Entry Points
Welcome to day 312 of the stock market bloodbath. After peaking last November, stocks have been heading down for all of 2022. Every time the doors of hope and optimism are opened, fear and selling slam them shut. The Nasdaq Composite is now down 33% from its highs, wiping out a third of the value … The post Watchlist Update: Looking for Low Risk Entry Points appeared first on Stock Surge Daily.
Candlestick Charts Don’t Have To Be Complicated
I often get questions from traders about how my time frame charts work. More specifically, they want to know how to read candlestick charts. And that’s an important question to ask since our entire trade setup centers around our charts! But many financial gurus don’t like to give away this information. Luckily for you, I’m … The post Candlestick Charts Don’t Have To Be Complicated appeared first on Josh Daily Direction.
The Bull Case for Crude Oil
Following an incredible run higher at the start of the year, the crude oil (CL) futures market is down hard over the last few months. And after breaking below its longer term up trend line this month, the market is right back to where it started the year. However, the market is still testing support … The post The Bull Case for Crude Oil appeared first on Josh Daily Direction.
Where’s the Best Place to Sell Stocks Short?
Stan Weinstein is one of the godfathers of technical analysis. His book, Secrets for Profiting in Bull and Bear Markets, is on my desk as I type this. It’s one of my favorites. Sam was a big proponent of stage analysis, which I have written about in length. As regular readers know, we buy in … The post Where’s the Best Place to Sell Stocks Short? appeared first on Stock Surge Daily.
Time to Sell the Rip in ES?
The S&P 500 (ES) futures market had a big win yesterday, gaining almost 2% to fend off the bears at the June lows. However, the daily time frame remains in a down channel, and we are still looking for selling ideas. If we see the current bounce continue towards the top of the channel, that’s … The post Time to Sell the Rip in ES? appeared first on Josh Daily Direction.
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