Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Hey friend, Let’s see how the markets have been moving. The Daily Direction Note: As expected, the indexes continued to pull back yesterday. However, there were no changes in any index directions. The Daily Nugget Are you getting fooled by the trend? You’ve heard the sayings “the trend is your friend” and “don’t trade against […]
Hey friend, Welcome to the fourth quarter of 2023. Here’s what happened to the indexes during the third quarter: S&P 500 is down 3.6% NASDAQ is down 4.1% Dow Jones is down 2.6% Russell 2000 is down 5.5% The Daily Direction Note: With the exception of the NASDAQ, all indexes ended lower on the last […]
Hey friend, Let’s see how markets have been moving. The Daily Direction Note: The positive market momentum stayed strong, leading to all indexes closing positive yesterday – even as the Fed hiked rates and left the door open to future rate hikes. The Daily Nugget 99% of the time, it’s better to buy on strength […]
Good Morning, Daily Direction readers! If you’ve been following my trades, you’ll know that I rely heavily on timeframe charts while making futures trading judgments. Today, I want to teach you what indicators and setups I use when preparing my charts. I recognize that dealing with all of the data for trading might be difficult, but properly … The post How to Keep Your Timeframe Charts Simple appeared first on Josh Daily Direction.
Hey friend, Time to see how markets have been moving. The Daily Direction Note: Indexes continued their recovery yesterday, with all of them closing in the green. No changes in any directions compared to the day before. The Daily Nugget When you’re trading poorly you should TIGHTEN your stop losses – not loosen them. Many […]
Greetings, Daily Direction readers! Today, I’m going to give you a crash course in candlesticks and tick values so you can learn more about how I use my charts to find trading opportunities in the futures markets. I often get questions from traders about how my timeframe charts work. More specifically, they want to know how to … The post The Best Way to Deal With These Charts appeared first on Josh Daily Direction.
Hey friend, It’s a brand-new trading week. And the next big direction of the markets largely hinges on the Fed. In the meantime, let’s look at how markets have been moving. The Daily Direction Note: Tech stocks sold off to end last week – dragging the indexes down with them. All the short and medium-term […]
Hey friend, Let’s see how the markets have been moving. The Daily Direction Note: Indexes closed lower again yesterday after the latest Fed minutes showed officials still classifying inflation as a “significant” risk – raising fears of higher-for-longer interest rates. No change in any directions, however. The Daily Nugget Volatility is something to […]
It’s tough to uncover profitable opportunities in a market without a defined direction, which is why finding market patterns is one of the most crucial aspects in developing a good trading strategy. While markets differ, the facts that underpin market trends are universal. We’ll have the best chance of making a winning trade if we … The post Why Finding Market Direction is So Important appeared first on Josh Daily Direction.
Hey friend, So far the Santa Claus rally has not disappointed. Christmas may be over, but the Daily Direction remains a solid shade of green. And if things go right, it’ll stay that way for quite a while. The Daily Direction Note: All indexes closed higher yesterday – which was the official Day 2 of […]
Hey friend, Inflation data just came in this morning – and the market is still processing how the Fed may react to it. The next few days will be crucial in determining the market’s next direction and the fate of this rally. The Daily Direction Note: Indexes closed largely flat yesterday in anticipation of this […]
Good Morning, Traders! You’ll see several crucial indicators down the right-hand column if you’re following along with my Daily Direction newsletter. These simple symbols provide a brief overview of how our highlighted futures market is performing for the day. The goal of Daily Direction is to give you the information you need to make winning … The post Following the Ups and Downs of the Market appeared first on Josh Daily Direction.
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