Traders Daily Direction
Your daily compass for market direction. Key levels, momentum shifts, and actionable setups before the bell rings.
650 posts published
Posts — Page 31
Small Stock Set to Sink?
The US stock market continues to vacillate up and down, with the start of today’s session showing some upside across the indexes. But one index that’s in an identified downtrend in a trading channel is the Russell 2000. This index tracks the smaller stocks in the US market, and we’ve found a lot of success … The post Small Stock Set to Sink? appeared first on Josh Daily Direction.
Trading the Big US Stock Index in the Sell Zone
The US stock market continues to vacillate between bull and bear moves… This comes as traders are going back and forth between thoughts of economic growth and recession. But from our technical analysis standpoint, the major index of the US market, the S&P 500 Index, is in the sell zone and providing potential opportunities for … The post Trading the Big US Stock Index in the Sell Zone appeared first on Josh Daily Direction.
Crude Oil Back in the Sell Zone?
US and global crude oil markets have been on a tear with some big gains. But this has changed recently as the US crude oil futures contracts (CL) has sold off into the sell zone. This doesn’t mean that the market is done, however, as there are always opportunities for both long and short trades. … The post Crude Oil Back in the Sell Zone? appeared first on Josh Daily Direction.
How We’re Looking at the Market for Gold
Gold has had plenty of great trading days and weeks. And it has also been providing a defensive alternative for stocks. But right now, we see that the market, while providing some appealing trading attributes, is not trading in the buy zone for the futures contract (GC). So, despite the allure of gold, we are … The post How We’re Looking at the Market for Gold appeared first on Josh Daily Direction.
Trading the Nasdaq 100 in the Sell Zone
Each and every week, I share what I see as one of my top trade ideas for the futures contracts markets. And to invite global comments, I provide the core chart and discussion on my TradingView page right here. The Nasdaq 100 (NQ) continues to provide trading opportunities both for shorter-term trades as well as … The post Trading the Nasdaq 100 in the Sell Zone appeared first on Josh Daily Direction.
Looking for Lower Prices in the Nasdaq 100
Technology stocks were the leaders for a long time until the market turned sour this year. Fear of recession has impacted the technology-laden Nasdaq 100 Index futures contract (NQ) particularly hard. But we are happy to look at some bearish trading ideas for the NQ, as there are certainly some downside profits to be made … The post Looking for Lower Prices in the Nasdaq 100 appeared first on Josh Daily Direction.
Are S&P 500 Futures Set Up for a Sell?
Stocks keep vacillating on thoughts of recession and growth. This is impacting trading in the major indexes, including for the S&P 500 futures index contract (ES). And while there may well be some upside for the index in the near term, there are also some downside profits to be made right now. Keep reading below … The post Are S&P 500 Futures Set Up for a Sell? appeared first on Josh Daily Direction.
Crude Oil Down But Not Out
The market for crude oil may have taken a pause, but it is far from out. In fact, there are plenty of opportunities that you need to be set up to capitalize on over the coming days and weeks. So, today, I want to share my take on the crude oil futures contract market (CL) … The post Crude Oil Down But Not Out appeared first on Josh Daily Direction.
How We’re Trading the Channel in RTY
Trading doesn’t mean committing to buying and holding through the market’s longer-term ups or downs. Instead, if we find a channel – either a bull or bear one – we can trade inside that channel on a short-term basis both on the up and down sides. Right now, we see a channel set up for … The post How We’re Trading the Channel in RTY appeared first on Josh Daily Direction.
Is BTC Still a Sell?
One market that continues to grab the attention of experienced traders and neophytes alike is the digital currency market. This is a market that is compelling for more and more folks who are seeking alternatives to traditional markets. But recently, this market, especially for BTC, has turned sour. And as such, we’ve been analyzing it … The post Is BTC Still a Sell? appeared first on Josh Daily Direction.
The Top Asset to Trade in This Market
One market that never really stops, even for a major US holiday like today, is the US futures contract market. And one of the top performers for today is crude oil and its futures contract (CL). It’s up big – really big – today, and I see more potential in this market. So, I’m taking … The post The Top Asset to Trade in This Market appeared first on Josh Daily Direction.
Let’s Look at the Gold Market
The market for gold is providing opportunities as the stock market has its challenges. The S&P 500 (ES) is down 2.6% this week, while the Nasdaq (NQ) is off closer to 5%. This is leading me to examine the opportunities in the gold futures contract (GC) market that I am sharing with you today. Read … The post Let’s Look at the Gold Market appeared first on Josh Daily Direction.
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