Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Watchlist Update: Looking for Low Risk Entry Points
Welcome to day 312 of the stock market bloodbath. After peaking last November, stocks have been heading down for all of 2022. Every time the doors of hope and optimism are opened, fear and selling slam them shut. The Nasdaq Composite is now down 33% from its highs, wiping out a third of the value … The post Watchlist Update: Looking for Low Risk Entry Points appeared first on Stock Surge Daily.
Candlestick Charts Don’t Have To Be Complicated
I often get questions from traders about how my time frame charts work. More specifically, they want to know how to read candlestick charts. And that’s an important question to ask since our entire trade setup centers around our charts! But many financial gurus don’t like to give away this information. Luckily for you, I’m … The post Candlestick Charts Don’t Have To Be Complicated appeared first on Josh Daily Direction.
The Bull Case for Crude Oil
Following an incredible run higher at the start of the year, the crude oil (CL) futures market is down hard over the last few months. And after breaking below its longer term up trend line this month, the market is right back to where it started the year. However, the market is still testing support … The post The Bull Case for Crude Oil appeared first on Josh Daily Direction.
Where’s the Best Place to Sell Stocks Short?
Stan Weinstein is one of the godfathers of technical analysis. His book, Secrets for Profiting in Bull and Bear Markets, is on my desk as I type this. It’s one of my favorites. Sam was a big proponent of stage analysis, which I have written about in length. As regular readers know, we buy in … The post Where’s the Best Place to Sell Stocks Short? appeared first on Stock Surge Daily.
Time to Sell the Rip in ES?
The S&P 500 (ES) futures market had a big win yesterday, gaining almost 2% to fend off the bears at the June lows. However, the daily time frame remains in a down channel, and we are still looking for selling ideas. If we see the current bounce continue towards the top of the channel, that’s … The post Time to Sell the Rip in ES? appeared first on Josh Daily Direction.
Video Update: How to Trade Stock Breakouts
This video breaks down how to analyze a base, what to look for on a breakout and why volume is the secret to spotting a strong move. The post Video Update: How to Trade Stock Breakouts appeared first on Stock Surge Daily.
How to Set Trading Goals for Yourself
Setting goals is absolutely crucial when trading the markets. Because doing so can help you plan a course of action that you’ll need into order to realize those goals. How should you develop a trading goal to begin with, you ask? Well, there’s no one strict way of doing it, of course. It’s a personal … The post How to Set Trading Goals for Yourself appeared first on Josh Daily Direction.
Is This the Next Destination for the Market?
As traders, it’s important to remember that we cannot control the market. The market has a mind of its own, and it’s never going to do exactly what we expect it to. The only thing we can really do is go with the flow of what we’re seeing and react to it as best as … The post Is This the Next Destination for the Market? appeared first on Stock Surge Daily.
Russell 2000 Hits Key Fibonacci Level
Regular readers know that one of the main technical analysis tools we use to track the market is the Fibonacci extension. Our research shows that markets often interact with these levels over time, so we always try to take them into account when making decisions on direction. Well, this week, the Russell 2000 (RTY) futures … The post Russell 2000 Hits Key Fibonacci Level appeared first on Josh Daily Direction.
Double Down or Double Trouble?
Today, we’re going to continue our ongoing chart pattern series with a pattern we’d all like to see take place in the broad market… Yes, I’m talking about a bottoming pattern that could tell us when the market will finally turn back to the upside. Of course, there are no guarantees in technical analysis or … The post Double Down or Double Trouble? appeared first on Stock Surge Daily.
How We Plan to Sell an NQ Rally
Last week’s 4.7% decline in the Nasdaq 100 (NQ) futures market brought the index right back down to its June lows. The market is clearly still stuck in a down trend, but this is an area where support could be found. And if we do see a rally in the NQ from here, we’ll be … The post How We Plan to Sell an NQ Rally appeared first on Josh Daily Direction.
Watchlist Update: These Broken Leaders Have Lots of Room to Fall
Well, it was another brutal week for the stock market. As of Friday morning, the Nasdaq 100 Index was off by 4.6%. And that’s on top of a 5.8% decline the week before. To put this selloff into perspective, here is a heatmap of the last 30 days… There just aren’t many stocks worth buying … The post Watchlist Update: These Broken Leaders Have Lots of Room to Fall appeared first on Stock Surge Daily.
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