Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
RTY Leads as Large Cap Stocks Drop
On Tuesday afternoon, Alphabet (GOOGL) and Microsoft (MSFT) reported their latest earnings figures. While the market was looking forward to these reports and bidding stocks higher over the past few days, the numbers weren’t as strong as analysts had hoped for. As a result, both stocks are down by over 5% today and weighing on … The post RTY Leads as Large Cap Stocks Drop appeared first on Josh Daily Direction.
What a Falling US Dollar Means for BTC
Last week, I told you I have been seeing some signs that should lead lower prices for BTC… The biggest headwind, in my view, is still the strong US dollar. That is one of the main reasons BTC has been so weak this year. Investors from around the world have been seeking out the safety … The post What a Falling US Dollar Means for BTC appeared first on Stock Surge Daily.
Is a Nasdaq 100 U-Turn Ahead?
Markets are up for the third day in a row and showing another big rally this afternoon. The tech-heavy Nasdaq 100 (NQ) futures market is up 1.8% today alone and up almost 12% from the recent low. Investors are looking ahead to important earnings reports from mega-cap technology companies like Microsoft (MSFT), Meta Platforms (META), … The post Is a Nasdaq 100 U-Turn Ahead? appeared first on Josh Daily Direction.
Simplifying the Symmetrical Triangle Pattern
Today, we’re going to talk about the “Symmetrical Triangle” pattern. Just like a regular channel, the symmetrical triangle is a consolidation pattern. The biggest difference between the two is that while a channel typically has two near-parallel boundaries, the symmetrical triangle pattern is defined by a descending resistance level and an ascending support level. When … The post Simplifying the Symmetrical Triangle Pattern appeared first on Stock Surge Daily.
BTC Bounces, But This Bear Market Isn’t Over
Digital currency futures rallied this past Friday, following the gains in the major US stocks indexes. But while the stock and futures markets shut down for the weekend, the traditional digital currency markets kept gaining. BTC gained fractionally on Saturday and then rallied another 2.9% on Sunday. That led to a higher open for BTC … The post BTC Bounces, But This Bear Market Isn’t Over appeared first on Josh Daily Direction.
Watchlist Update: Energy Stocks Ready for a Breakout?
It’s still too early to say whether the market has bottomed. But if you’re looking for stocks to buy, the energy group looks the best. The post Watchlist Update: Energy Stocks Ready for a Breakout? appeared first on Stock Surge Daily.
Path of Least Resistance Still Lower
The market has been especially volatile since the release of the latest consumer price index (CPI) number last week. The S&P 500 and Nasdaq 100 both hit new 52-week lows last Thursday immediately after the announcement, only to rally into the end of the day. And once again, I heard many folks proclaiming that the … The post Path of Least Resistance Still Lower appeared first on Stock Surge Daily.
This Week’s Idea: Looking for Longs in Crude Oil
I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on my TradingView page. The crude oil (CL) futures market has pulled back from its recent highs, but it has found some potential support at its longer … The post This Week’s Idea: Looking for Longs in Crude Oil appeared first on Josh Daily Direction.
How to See the Apex System in Action
Today, I’m going to share a recent trade idea from my friend and colleague Anthony Speciale. Anthony is one of the best traders I’ve ever met… And he’s recently developed an incredible system that allows him to determine the ideal entry, stop and target points for any asset. He call it his Apex Profit Window… … The post How to See the Apex System in Action appeared first on Stock Surge Daily.
ES Futures Break Into the Sell Zone
The S&P 500 (ES) futures market is off to a strong start for the week, trading higher by 3.5% in just a matter of days. However, there are now multiple levels of resistance looming overhead. The general trend of the market is still bearish, and the monthly time frame remains in a short term down … The post ES Futures Break Into the Sell Zone appeared first on Josh Daily Direction.
Three Reasons Why BTC is Heading Much Lower
Regular readers know that I’m not a BTC believer… At least, not yet. First off, BTC is way too easy to lose. I don’t want my money stashed away on some hard drive that could get stolen or thrown out with the trash. Second, BTC is not the safe haven investment it was advertised as. … The post Three Reasons Why BTC is Heading Much Lower appeared first on Stock Surge Daily.
Nasdaq 100 Hits Overhead Resistance
Stocks in the US have been on a wild ride since Thursday morning’s CPI release. The Nasdaq 100 (NQ) gained 2.2% that day, followed by a 3.1% decline on Friday and a 3.4% rally yesterday. Needless to say, the market has been volatile. But with today’s initial rise bringing the NQ up to down trending … The post Nasdaq 100 Hits Overhead Resistance appeared first on Josh Daily Direction.
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