Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Breaking Down the Triple Top Pattern
Today, we’re going to follow up on last week’s “triple bottom” discussion by talking about its bearish counterpart, the “triple top” pattern. Just like the triple bottom, the triple top is a trend reversal pattern. The big difference, of course, is that a triple bottom forms at the end of a down trend, while a … The post Breaking Down the Triple Top Pattern appeared first on Stock Surge Daily.
How We Find the Daily Direction
The goal of The Daily Direction is to give you the information you need to make winning trades. And the key to my technique is to keep things as straightforward as possible. That’s why I’ve focused this post on providing the fundamentals of each indicator icon you will see on our time frame charts. Continue … The post How We Find the Daily Direction appeared first on Josh Daily Direction.
Watchlist Week of October 17th, 2022
Northrop Grumman (Short Idea) I have been watching NOC for a long trade for the last several weeks. In fact, I even added it to the Watchlist back in September. But thanks to a vicious bear market, the stock failed at its highs and is now rolling over. Failed breakout trades can be lucrative short … The post Watchlist Week of October 17th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Sticking with Strong Setups
All the major indexes made new lows last week, confirming that sellers are still in control. Another bad inflation report caused stocks to gap down big Thursday morning. And while they actually rallied the rest of the day, they gave up all those gains on Friday. Eventually, the low will be made and a new … The post Watchlist Update: Sticking with Strong Setups appeared first on Stock Surge Daily.
Why the BTC Selling is Not Over Yet
Like the broad stock market, digital currency futures tumbled sharply on Thursday morning following the hotter-than-expected consumer price index (CPI) reading. BTC futures were down by over 6% early in the session before turning around and closing mildly in the green. On the surface, this looks like a false breakdown that could turn the market … The post Why the BTC Selling is Not Over Yet appeared first on Josh Daily Direction.
Small Caps Bounce Back in a Big Way
On Thursday morning, the latest consumer price index (CPI) report showed that inflation is still running at an annual pace of over 8%. Initially, this caused a big drop in the market early on in the trading day. However, by the end of the day, the major indexes ended up by over 2% to stage … The post Small Caps Bounce Back in a Big Way appeared first on Josh Daily Direction.
How to Trade the Market’s Most Elusive Chart Pattern
A “high tight flag” is an extremely rare, chart pattern. They typically form after an explosive move higher in a stock’s price. The post How to Trade the Market’s Most Elusive Chart Pattern appeared first on Stock Surge Daily.
How to Become the Ultimate Apex Trader
Lions are the ultimate apex predator. But despite their deadly reputation, not every hunt is successful. When hunting solo, lions have a kill rate of just 17%. In other words, they only catch their prey in one out of every six attempts. When they hunt as a group, their success rate goes up to one … The post How to Become the Ultimate Apex Trader appeared first on Stock Surge Daily.
Is the Crude Oil Rally Just Getting Started?
The crude oil (CL) futures market posted a big win last week with a gain of 16.5%. The rally was mainly the result of the decision by the Organization of the Petroleum Exporting Countries plus Russia (OPEC+) to cut production by 2 million barrels per day. And while the current US administration is trying to … The post Is the Crude Oil Rally Just Getting Started? appeared first on Josh Daily Direction.
Market Breadth Points to Lower Lows Ahead
One of the main reasons I am expecting lower lows is that the internals of the major indexes are still very weak. The post Market Breadth Points to Lower Lows Ahead appeared first on Stock Surge Daily.
S&P 500 Futures Gearing Up for a 2,000-Tick Move?
At the end of September, the S&P 500 (ES) futures market closed firmly below its monthly up trending support level. What that tells us is that the ES is still stuck in a short term down trend and should continue to push bearish. At this point, there is a daily down Fibonacci level at 3,199 … The post S&P 500 Futures Gearing Up for a 2,000-Tick Move? appeared first on Josh Daily Direction.
Changing Trends with the Triple Bottom Pattern
Just like the “double bottom” pattern we’ve covered previously, the “triple bottom” is a trend reversal pattern. These patterns are similar in a lot of ways, but the big difference is that a triple bottom has one more low point before the reversal. So, instead of looking for a “W-shaped” pattern on the chart, you … The post Changing Trends with the Triple Bottom Pattern appeared first on Stock Surge Daily.
Stop watching.
Start winning.
50,000+ traders get our daily brief before the market opens.
You're subscribed!
Check your inbox.
Free. No spam. Unsubscribe anytime.
