Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Is Crude Oil Set for More Downside?
US crude oil (CL) futures peaked at over $120 a barrel just over a month ago. Since then, it has dropped nearly 23% and fallen back into the sell zone. At this point, it looks like CL is set for another potential move, and we need to analyze it for the right direction. So, let’s … The post Is Crude Oil Set for More Downside? appeared first on Josh Daily Direction.
Small Fry Stocks Soar to The Limit
The small fry stocks of the Russell 2000 (RTY) futures market have been on a tear lately… As a result, this market hit the limit we were monitoring for the last two weeks for a move of over 800 ticks. Now that the limit has been hit, however, we need a new game plan for … The post Small Fry Stocks Soar to The Limit appeared first on Josh Daily Direction.
What’s Going On With BTC This Week?
Digital currencies have been hit just like stocks this year… In fact, the leading BTC futures (BTC) market dropped as much as 73% from November 2021 to June 2022. The market has started to bounce back, however, and it has started to cross above its down trend line. But that doesn’t mean it’s giving the … The post What’s Going On With BTC This Week? appeared first on Josh Daily Direction.
Crude Oil Still In the Sell Zone?
Following a big run at the start of the year, the crude oil (CL) futures market has pulled back below $100 again in recent weeks. And during this pullback, the market has seen plenty of bearish trading days and big daily losses. However, the market had a big up-day yesterday and is well off of … The post Crude Oil Still In the Sell Zone? appeared first on Josh Daily Direction.
Trading Tech in a Down Trend
Big tech stocks, as tracked by the Nasdaq 100 Index futures contract (NQ), were in the driver’s seat for the US stock market for last year’s rally. But this year, the big tech index has been a big leader to the downside. So, let’s dive in and take a further look at the market for … The post Trading Tech in a Down Trend appeared first on Josh Daily Direction.
Let’s Review the Outlook for BTC
The market for the largest digital currency has been in disarray over the past few months. Ups and downs on both a daily and weekly basis continue to flummox traders. So, let’s dive in and take a further look at the market for the BTC futures contract (BTC). We want to see what this market … The post Let’s Review the Outlook for BTC appeared first on Josh Daily Direction.
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.
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