Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
How to Spot a Change in a Market’s Direction
Happy Friday, Daily Direction readers! We’re still following the gold futures market (GC) as both the long-term and short-term directions remain up, though the one-hour is showing signs of dropping below the bottom of the channel. We’ve followed the GC market all week as it gave us a good turnaround after dropping from a high price. Now, … The post How to Spot a Change in a Market’s Direction appeared first on Josh Daily Direction.
Are You Reading Your Charts Correctly?
Good morning, Traders! It’s Thursday, and that means it’s time for an in-depth look into a critical part of my trading strategy. 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 … The post Are You Reading Your Charts Correctly? appeared first on Josh Daily Direction.
When the Short-Term Direction Shifts Up, Here’s What to Do
Happy Wednesday, Daily Direction readers! It’s time to take a look at the gold futures market (GC) again as the short-term direction is now up!. We recently talked about how we were out of the GC thanks to the market hitting our limit. Now, the price has dropped toward the bottom of the channel and is … The post When the Short-Term Direction Shifts Up, Here’s What to Do appeared first on Josh Daily Direction.
Why Long and Short Term Directions Matter
Happy Tuesday, Daily Direction readers! Today we’re waiting for gold futures (GC) to give us a new entry, as we’ve hit our limits in the market. The long-term direction remains up for the GC, but the short-term direction is now considered down, meaning we’re following our timeframe charts and waiting for the market to get back … The post Why Long and Short Term Directions Matter appeared first on Josh Daily Direction.
Don’t Let Risk Knock You Out of the Market
It’s Monday, Daily Direction readers! That means it’s time to start another week of trading futures. One of the greatest ways to prepare for the trading week is to go over some of the crucial details that supports my strategy. One of the most common worries I hear from my students is the risk involved … The post Don’t Let Risk Knock You Out of the Market appeared first on Josh Daily Direction.
Which Way Should We Go With This Market?
It’s Friday, fellow traders! Today, we’re tracking the Nasdaq 100 E-mini (NQ). We’ve followed this market for the last few days, waiting for the NQ to move back into the buy zone and give us opportunities to buy the market. And based on the current timeframe analysis, the NQ is now at a high price within … The post Which Way Should We Go With This Market? appeared first on Josh Daily Direction.
Now’s the Time for You to Make This Trade
Happy Thursday, Daily Direction readers! Today we’re searching for opportunities to trade gold futures (GC)! We’re following our timeframe charts and looking for opportunities to buy the GC. The daily timeframe continues to move through the buy zone, indicating that the market is set to provide us long trade opportunities. The GC also broke the counter … The post Now’s the Time for You to Make This Trade appeared first on Josh Daily Direction.
Why This Trade is Pure Gold
Happy Tuesday, Daily Direction readers! Today we’re actively looking for opportunities to trade gold futures (GC)! Both the long-term and short-term directions are up for this market, meaning we’re following our timeframe charts and looking for opportunities to buy the GC. The daily timeframe is in an up Fibonacci extension, meaning the market is in a position … The post Why This Trade is Pure Gold appeared first on Josh Daily Direction.
We’re Closing Above the Trendline in This Market
It’s Monday, fellow traders! And that means it’s time to prep our strategy and jump into the futures market. Today, we’re tracking the Nasdaq 100 E-mini (NQ). We’ve followed this market for the last few days, waiting for the NQ to move back into the buy zone. And based on the current timeframe analysis, it looks … The post We’re Closing Above the Trendline in This Market appeared first on Josh Daily Direction.
It’s Almost Time to Jump into This Market
Happy Friday, Daily Direction followers! The Nasdaq 100 E-mini (NQ) is finally breaking into the buy zone! We’ve been out of the market for the past few days as we waited for it to leave the sell zone. Now that the NQ is very clearly trying to break into the buy zone, we can prepare our … The post It’s Almost Time to Jump into This Market appeared first on Josh Daily Direction.
We’re Close to Getting Back into This Market
Hello, Daily Direction readers! The Nasdaq 100 E-mini (NQ) is so close to turning up for the short-term direction. Right now, the long-term direction remains positive, but we’re waiting for the short-term market to break into the buy zone before we consider buying the NQ. It’s important to note that we won’t plan to take any … The post We’re Close to Getting Back into This Market appeared first on Josh Daily Direction.
Here’s the Latest for Light Crude Oil Futures
Good morning, Daily Direction readers! Today’s write-up is all about Light Crude Oil Futures (CL)! As the energy sector deals with issues around the world, we’ve seen the price of oil futures surge to new heights. But the CL recently hit a point of resistance, pushing the short-term direction down amid an overall long-term positive trend. … The post Here’s the Latest for Light Crude Oil Futures appeared first on Josh Daily Direction.
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