Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Looking for Lower Prices in ES
Yesterday, the Federal Reserve raised its target rate range by another 0.75%… This was the third rate hike of this magnitude this year, and it looks like rates will continue to rise until inflation is under control. This tightening of monetary policy is hitting the markets hard again this week, and that’s keeping the S&P … The post Looking for Lower Prices in ES appeared first on Josh Daily Direction.
Video Update: Looking for New Lows in the Market?
After a crippling CPI report and with an aggressive Fed, investors are dumping stocks, and it looks like we are headed for new lows. The post Video Update: Looking for New Lows in the Market? appeared first on Stock Surge Daily.
Small Stocks Back at Known U-Turn Level
Last week, we looked at the Russell 2000 Index (RTY) futures market as it was bumping up against its short term down trend line. Well, the market pulled back and is now at the bottom of its up channel again. From this point, it could go in either direction, but we still want to see … The post Small Stocks Back at Known U-Turn Level appeared first on Josh Daily Direction.
Why Today’s Fed Announcement is So Important
As regular readers know, higher interest rates are bad for stocks, but excessive inflation is also not good for the economy or the markets. The post Why Today’s Fed Announcement is So Important appeared first on Stock Surge Daily.
Move Out of the Way When You See This Bearish Chart Pattern
The markets kicked off the new week yesterday by erasing Friday’s losses. However, the bulls still have a lot of work to do to make up for last week’s bloodbath. In the meantime, I want to talk about a bearish chart pattern that could help you play further downside in the market. We covered the … The post Move Out of the Way When You See This Bearish Chart Pattern appeared first on Stock Surge Daily.
Looking for Short Ideas in the NQ
With the big selloff last week, the major indexes remain under pressure. In particular, the Nasdaq 100 (NQ) dropped 5.8% last week. The market hit the top of the daily channel and pulled back, and we are now expecting more downside ahead. Read on to see how the market is setting up for the next … The post Looking for Short Ideas in the NQ appeared first on Josh Daily Direction.
Watchlist Update: Two Stocks for a Crazy Week
What a week… Just when we thought the craziness had finally come to an end, Tuesday’s CPI numbers showed that inflation was still rising, despite the market’s belief that it had peaked. The result was a bloodbath like we haven’t seen in years. The Nasdaq fell 5.5% in a day, and the Dow lost 1,276 … The post Watchlist Update: Two Stocks for a Crazy Week appeared first on Stock Surge Daily.
Watchlist Week of September 19th, 2022
What a week… Just when we thought the craziness had finally come to an end, Tuesday’s CPI numbers showed that inflation was still rising, despite the market’s belief that it had in fact peaked. The result was a bloodbath like we haven’t seen in years. The Nasdaq fell 5.5% in a day. And the Dow … The post Watchlist Week of September 19th, 2022 appeared first on Stock Surge Daily.
Checking in on the BTC Market
While I’m out of the BTC market, that doesn’t mean that we can ignore this leading digital currency. So let’s take a look at the BTC futures contracts… Looking at BTC Futures Contracts Here’s how the chart is shaping up and how we see the market… The BTC daily time frame is in a down … The post Checking in on the BTC Market appeared first on Josh Daily Direction.
The S&P 500 Set for Potentially Further Downside
Today, we’re looking at the S&P 500 Index (ES). We are looking at the potential for further downside. So let’s take a look at the S&P 500 Index futures contracts… Looking at S&P 500 Futures Contracts Here’s how the chart is shaping up and how we see the market… The ES daily time frame is … The post The S&P 500 Set for Potentially Further Downside appeared first on Josh Daily Direction.
3 Stocks to Buy on This Pullback
Tuesday was the worst day for stocks since 2020. Almost everything was down. Major indexes fell back to a crucial support level shown below in white on the QQQ. This has been a battleground for stocks since June, so it’s not surprising that this is where the selling finally stopped. But this is where the … The post 3 Stocks to Buy on This Pullback appeared first on Stock Surge Daily.
Small Stocks May Hold Opportunities
Today, we’re looking at the smaller stocks that appear to be setting up for a potential opportunity. These types of stocks are represented by the Russell 2000 Index (RTY). So let’s take a look at the Russell 2000 Index futures contracts… Looking at RTY Futures Contracts Here’s how the chart is shaping up and how … The post Small Stocks May Hold Opportunities appeared first on Josh Daily Direction.
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