Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Here’s Why Coinbase Stock Rallied on Wednesday and BTC Didn’t
Shares of Coinbase Global, Inc. (COIN), the digital currency exchange platform, rallied over 20% on Wednesday. Since the all-time low on May 12, the stock has nearly doubled. However, the prices of major digital currencies are up much less in recent months. BTC futures, for example, actually declined yesterday and are up just 24% from … The post Here’s Why Coinbase Stock Rallied on Wednesday and BTC Didn’t appeared first on Stock Surge Daily.
BTC Ready or Not for a Trade?
Recently, the market for BTC has been garnering new and renewed attention. And that has many looking at the potential trading opportunities… While we’re still out of the market for BTC, it could be setting up for a potentially big drop ahead. So, let’s look at the BTC futures contract market (BTC) and stay up … The post BTC Ready or Not for a Trade? appeared first on Josh Daily Direction.
What Do All Great Trades Have in Common?
The easiest trades to manage are the ones that work immediately. After all, if your position is always in the green, there’s no panic. You’re not stressed. And your account balance is growing. But how do you know whether to sell or hold on to what could be a big winner? As always, nothing is … The post What Do All Great Trades Have in Common? appeared first on Stock Surge Daily.
Small Cap Woes Unless Bulls Take Control
The stock market continues to fluctuate on a day by day basis… This includes the smaller cap stocks of the Russell 2000 Index (RTY) futures market, which is the subject of my latest TradingView idea. The market is currently at an area of strong resistance, which could push the RTY lower again. But the bulls … The post Small Cap Woes Unless Bulls Take Control appeared first on Josh Daily Direction.
Video Update: Here’s Where I’m Focusing My Attention This Week
Today, we’re going to try something new that I think you’ll really enjoy. I’ve just published a video update in which I reviewed the areas of the market where I’m seeing the most strength and weakness. I covered the stocks we want to be focused on right now and those that we want to avoid … The post Video Update: Here’s Where I’m Focusing My Attention This Week appeared first on Stock Surge Daily.
What’s Tech Been Up To Lately?
It’s been a while since we last looked at the technology-heavy Nasdaq 100 Index (NQ) futures market. The long term market direction remains to the upside, but the shorter term time frames are pointing lower. There is currently a short term up trend line on the daily time frame, which if broken could lead to … The post What’s Tech Been Up To Lately? appeared first on Josh Daily Direction.
Watchlist Update: The Start of a New Bull Market?
The stock market continued to power higher last week. We saw back-to-back, high-volume advances on Wednesday and Thursday, which is a good sign that investors are starting to pile back into stocks. On Wednesday, the Federal Reserve raised the target range for the fed funds rate by another 0.75%. The fact that stocks were able … The post Watchlist Update: The Start of a New Bull Market? appeared first on Stock Surge Daily.
Watchlist Week of August 1st, 2022
Ionis Pharmaceuticals, Inc. (Long Idea) Ionis Pharmaceuticals, Inc. (IONS) is one of many biotech stocks showing signs of a potential breakout move higher. The stock was in a nasty downtrend from 2019 to the beginning of this year when it rallied above its 200-day moving average. The chart has shallowed out nicely over the last … The post Watchlist Week of August 1st, 2022 appeared first on Stock Surge Daily.
Checking in On Crude Oil
A lot of developments are underway in the US crude oil futures (CL) market right now… After breaking below its up trend line in early July, the market is now moving higher again. The CL was up over 4% on Friday and is prepared to test the underside of that up trend line. So, today, … The post Checking in On Crude Oil appeared first on Josh Daily Direction.
What’s Up for the Leading US Stock Market Index?
The market for the leading S&P 500 Index futures contract (ES) has given up a lot of ground over the past year to date. While the index is bouncing this week, there could be more downside in store from here for the S&P. The market is moving from a low price towards a future high … The post What’s Up for the Leading US Stock Market Index? appeared first on Josh Daily Direction.
I Hope You’re Not Holding Any of These Stocks
If you’ve been reading my work for a while now, you know that I like to “date” stocks. I’m not looking to marry them… Okay… I admit the joke was funnier as a bachelor. Last year, I married my wife, Meghann, and we just welcomed a new baby into the world last weekend. And I’m … The post I Hope You’re Not Holding Any of These Stocks appeared first on Stock Surge Daily.
What’s Next for the Biggest Digital Coin?
The futures market for the world’s leading digital currency BTC has given up a lot of ground over the past year or so. And unfortunately for BTC believers, there could be more downside in store from here. While the monthly time frame is in a long term bullish trend, the market is currently moving from … The post What’s Next for the Biggest Digital Coin? appeared first on Josh Daily Direction.
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