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 29
Why We’re Watching the NQ for the Next New Trade Idea
The Nasdaq 100 Index (NQ) is the leading index for bigger tech stocks that we follow very closely. And this week, we are studying the index to try to find the next direction for the market. With NQ at the top of its down channel, it could break into the buy zone and continue further … The post Why We’re Watching the NQ for the Next New Trade Idea appeared first on Josh Daily Direction.
S&P 500 Index Still in the Sell Zone
The S&P 500 Index futures contract (ES) is the big, definitive index that guides trades far and wide. It has been on the ascent recently, especially over the past few days with the better than expected inflation data. But it is still in the sell zone, which we want and need to investigate. So, let’s … The post S&P 500 Index Still in the Sell Zone appeared first on Josh Daily Direction.
Small Caps Back to Buy?
Small cap stocks can be seen as the engine of the economy. They are on the front line of products, production and sales. So, if they are getting positive attention, it is a good sign that the economy may well be setting up for the next gear for growth. The Russell 2000 Index (RTY) is … The post Small Caps Back to Buy? appeared first on Josh Daily Direction.
Is It Time to Sell Tech Stocks?
Technology stocks continue to vacillate in the market with lower trading in a down trend. And while on any given day we can get a bounce back up, the chart for the Nasdaq 100 Index (NQ) futures contract is showing lower lows and lower highs. Furthermore, the market is now stalling out at the underside … The post Is It Time to Sell Tech Stocks? appeared first on Josh Daily Direction.
Smart Traders Go Short for a Big Gain
Beyond the futures markets, I run a series of stock trading services with the help of my team here at Traders Agency. One of the services is called Smart Money Alerts, and it seeks to capitalize on my technical analysis of the stock market as well as individual specific stocks. One of those stocks, Pfizer … The post Smart Traders Go Short for a Big Gain appeared first on Josh Daily Direction.
Buyers or Sellers Taking Control of the Russell 2000?
Is the small cap stock index in the Russell 2000 Index (RTY) setting up for selling or buying? There are signs setting up on both sides… And they could lead to either bullish or bearish trade opportunities. So, let’s look at the RTY today and see whether the sellers or buyers are taking control of … The post Buyers or Sellers Taking Control of the Russell 2000? appeared first on Josh Daily Direction.
Nasdaq 100 in the Sell Zone?
Today, the market may be setting up sell trades as the jobs data is suggesting good news is potentially bad news. This is particularly the case for the tech-laden Nasdaq 100 Index futures contract (NQ). So, let’s look at the NQ and stay up to date on how things are transpiring and setting up. We … The post Nasdaq 100 in the Sell Zone? appeared first on Josh Daily Direction.
Where is the S&P 500 Heading Next?
Every trader is eyeing the big benchmark stock index for guidance on the direction of the overall market. After all, the companies that make up the S&P 500 index futures market (ES) include many of the world’s leading businesses. The index has made a bullish move lately, but there are some key levels we need … The post Where is the S&P 500 Heading Next? appeared first on Josh Daily Direction.
BTC Ready or Not for a Trade?
Recently, the market for BTC has been garnering new and renewed attention. And that has many looking at the potential trading opportunities… While we’re still out of the market for BTC, it could be setting up for a potentially big drop ahead. So, let’s look at the BTC futures contract market (BTC) and stay up … The post BTC Ready or Not for a Trade? appeared first on Josh Daily Direction.
Small Cap Woes Unless Bulls Take Control
The stock market continues to fluctuate on a day by day basis… This includes the smaller cap stocks of the Russell 2000 Index (RTY) futures market, which is the subject of my latest TradingView idea. The market is currently at an area of strong resistance, which could push the RTY lower again. But the bulls … The post Small Cap Woes Unless Bulls Take Control appeared first on Josh Daily Direction.
What’s Tech Been Up To Lately?
It’s been a while since we last looked at the technology-heavy Nasdaq 100 Index (NQ) futures market. The long term market direction remains to the upside, but the shorter term time frames are pointing lower. There is currently a short term up trend line on the daily time frame, which if broken could lead to … The post What’s Tech Been Up To Lately? appeared first on Josh Daily Direction.
Checking in On Crude Oil
A lot of developments are underway in the US crude oil futures (CL) market right now… After breaking below its up trend line in early July, the market is now moving higher again. The CL was up over 4% on Friday and is prepared to test the underside of that up trend line. So, today, … The post Checking in On Crude Oil appeared first on Josh Daily Direction.
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