Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Important things are happening with this trade!
Good morning, Traders! Today I’m focusing on light crude oil futures (CL), as the market has broken the down trendline, entered the buy zone, and is moving toward our up Fibonacci extension. Both the long-term and short-term directions are up, so this is a great time to watch the CL for buying opportunities! Remember that … The post Important things are happening with this trade! appeared first on Josh Daily Direction.
Why lower prices are so helpful
Good morning, Traders! The E-mini Russell 2000 (RTY) is giving us a bit of a bearish push as the market retraces to a lower price. But since the long-term direction is up, we can expect the market to U-turn and head back up toward the 2325.0 price point for our Fibonacci extension. That means we’ll have … The post Why lower prices are so helpful appeared first on Josh Daily Direction.
An opportunity for an excellent trade
Good morning, Traders! Today we’re back to following light crude oil futures (CL) as the market’s direction for both the long-term and short-term are up. The CL is pushing to a new high price of 82.69. we have a ways to go before we reach that up Fibonacci extension, so there’s plenty of opportunities in … The post An opportunity for an excellent trade appeared first on Josh Daily Direction.
My prediction was on target!
Good morning, Traders! Well, the Nasdaq 100 E-mini futures market (NQ) is now up for both the long-term and short-term directions, just as I predicted. If you missed my initial analysis of the NQ, be sure to check it out now! The market closed above resistance and is now headed for the 16072.5 up Fibonacci extension. … The post My prediction was on target! appeared first on Josh Daily Direction.
Don’t miss this buying opportunity
Good morning, Traders! The Nasdaq 100 E-mini futures market (NQ) is entering the buy zone and setting up to give us opportunities to enter the market! The market is now above resistance. So long as it stays that way, both the long-term and short-term directions for the NQ will remain up. We’ll see movement toward … The post Don’t miss this buying opportunity appeared first on Josh Daily Direction.
Are you tracking your trades correctly?
Good morning, Traders! I hope you enjoyed your weekend! As we prepare for another week of trading, I’d like to share some of my thoughts on how to apply a tried-and-true development strategy. This method, if used correctly, will aid in the growth of your trading account! While you won’t win every transaction, you can make sure … The post Are you tracking your trades correctly? appeared first on Josh Daily Direction.
A crash course in candlestick charts
Good Morning, Traders! With there being a lot of volatility developing in the market this week, I’ve decided 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 … The post A crash course in candlestick charts appeared first on Josh Daily Direction.
Don’t let the market waves intimidate you!
Good morning, Traders! I have my eyes on the Nasdaq 100 E-mini futures market (NQ) as it breaks the inner uptrend line. That means the market could be setting up for a short-term selloff. But the data also shows that the NQ is establishing a new level of support. If the market can stay above 14900, … The post Don’t let the market waves intimidate you! appeared first on Josh Daily Direction.
Should we prepare for a sell-off?
Good morning, Traders! An interesting change could be developing for the E-mini Russell 2000 (RTY). The market looks like it’s about to break the inner uptrend line and push into the sell zone. That means that while the long-term trend is up, the short-term direction is about to turn bearish. We’ll need a couple of … The post Should we prepare for a sell-off? appeared first on Josh Daily Direction.
We survived this major retracement
Good morning, Traders! We’re back looking at the Nasdaq 100 E-mini futures market (NQ), as the long-term and short-term directions are up! We hit a low of 14917.25 with a stop set to 14916.50. That means we survived the massive bearish retracement and can now focus on trading the NQ again. It will continue to … The post We survived this major retracement appeared first on Josh Daily Direction.
Understanding my key indicators
Good Morning, Traders! As you follow along with my Daily Direction newsletter, you’ll notice some key indicators along the right-hand column. These simple icons are there to give you a quick summary of what our featured futures market is doing for the day. The goal of Daily Direction is to give you the information you … The post Understanding my key indicators appeared first on Josh Daily Direction.
This market is almost at its limit
Good morning, Traders! Sometimes a market rises so much that we run out of buying opportunities. And that’s what’s about to happen with the S&P 500 E-mini Futures market (ES). The market is quickly approaching the monthly high price. Once the ES hits the price point of 4460.25, we can expect a bearish turn back … The post This market is almost at its limit appeared first on Josh Daily Direction.
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