Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Which Way Will the NQ Range Break?
Following a big drop last Friday, the bears returned on Monday morning to push stocks further to the downside. With that, the Nasdaq 100 (NQ) is back under the June lows and could be threatening to make another big drop. However, the market formed a low price last week and is showing signs of having … The post Which Way Will the NQ Range Break? appeared first on Josh Daily Direction.
Watchlist Week of October 10th, 2022
Celsius Holdings, Inc. (Short Idea) Celsius Holdings, Inc. (CELH) has been a high-flyer all year, but the party might finally be over for the energy-drink maker. The stock is now holding below its 50-day moving average. Additionally, the $90-$95, which previously served as support, is now acting as resistance for the stock. I would consider … The post Watchlist Week of October 10th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Staying Focused on the Short Side
After huge up-days last Monday and Tuesday, stocks got clobbered on Friday, erasing nearly all of the gains from earlier in the week. Even back-to-back 90% up-volume days (something that would be hugely bullish any other time) was not enough to keep the bears at bay. Until we see a consistent and meaningful advance in … The post Watchlist Update: Staying Focused on the Short Side appeared first on Stock Surge Daily.
Prepare Your TradingView Charts for the Week Ahead
If you’ve been following my trading strategy, you’ll know that I rely heavily on timeframe charts to make futures trading judgments. So today, I want to teach you about the indicators and setups I use when preparing my charts. Dealing with all of the data for trading might be difficult, but properly setting up my … The post Prepare Your TradingView Charts for the Week Ahead appeared first on Josh Daily Direction.
The Big Picture for BTC
The BTC (BTC) digital currency futures market remains in a long term up trend on the monthly time frame. There is still a down Gartley Fibonacci extension price at 10,300, which we are expecting will be hit near the up trend line. If or when that future low price is hit, it should U-turn the … The post The Big Picture for BTC appeared first on Josh Daily Direction.
Video Update: LiveWire Group Stock is a Strong Short
In today’s seven-minute video, I’ll explain why I think LiveWire Group, Inc. (LVWR) is a strong short candidate. The post Video Update: LiveWire Group Stock is a Strong Short appeared first on Stock Surge Daily.
Small Cap Stocks Set Up a Trading Range
One thing we know about the Russell 2000 (RTY) futures market is that it loves to consolidate. It tends to go through long periods of sideways action on the monthly and daily charts that often result in big moves up or down. Well, the RTY is in one of those consolidation ranges right now. And … The post Small Cap Stocks Set Up a Trading Range appeared first on Josh Daily Direction.
This Week’s Big Idea for Crude Oil Futures
I share my top trade setups whenever I have a big, new idea for the market… And to invite global comments, I provide the core chart and discussion on my TradingView page. After falling below its longer term up trend line briefly last week, the crude oil (CL) futures market is bouncing back in a big … The post This Week’s Big Idea for Crude Oil Futures appeared first on Josh Daily Direction.
How I Plan to Trade This Bear Market Rally
With a weekly gain of 5.73% at Tuesday’s close, the S&P 500 just had its best two-day rally since March of 2020. The post How I Plan to Trade This Bear Market Rally appeared first on Stock Surge Daily.
Finding Trading Patterns in S&P 500 Futures
Today, I want to share some of my insights on how to recognize market trading patterns. Being able to spot specific market patterns is crucial to knowing when to buy and/or sell a particular market. But how do we go about figuring out what the market is doing? Well, we rely on our time frame … The post Finding Trading Patterns in S&P 500 Futures appeared first on Josh Daily Direction.
Your Guide to the Double Top Pattern
Last week, we talked about the “double bottom” pattern and explained why we could be seeing one form in the S&P 500. With yesterday’s big gain in the broad market and with another big push by the bulls ahead of the open this morning, we’re hoping that the June lows continue to hold and that … The post Your Guide to the Double Top Pattern appeared first on Stock Surge Daily.
Bulls Fight Back, But Bearish Trend Remains
The bulls are fighting back against the bears as the new week begins… After closing below the June lows last Friday, the Nasdaq 100 (NQ) futures market is bouncing back today by 1.6%. Stocks are up across the board, but it’s important to remember that this market is still firmly in a down trend. Therefore, … The post Bulls Fight Back, But Bearish Trend Remains appeared first on Josh Daily Direction.
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