Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Here’s What Makes Weekly Options So Powerful
Even with the rebound we’ve seen in the major indexes over the past few weeks, the S&P 500 is still down nearly 18% since the start of the year. And as the markets have continued to drop, we’ve seen cash levels steadily rise among individual investors like us. According to the American Association of Individual … The post Here’s What Makes Weekly Options So Powerful appeared first on Stock Surge Daily.
What’s Going On With BTC This Week?
Digital currencies have been hit just like stocks this year… In fact, the leading BTC futures (BTC) market dropped as much as 73% from November 2021 to June 2022. The market has started to bounce back, however, and it has started to cross above its down trend line. But that doesn’t mean it’s giving the … The post What’s Going On With BTC This Week? appeared first on Josh Daily Direction.
Why The Market May Be Set for an Extended Consolidation
I mentioned in Monday’s Watchlist Update that I think the market is trying to form a bottom. This isn’t an overnight process, and it’s going to take some time before we know for sure that the bottom is in. However, it does seem that a few things have changed for the better in just the … The post Why The Market May Be Set for an Extended Consolidation appeared first on Stock Surge Daily.
Crude Oil Still In the Sell Zone?
Following a big run at the start of the year, the crude oil (CL) futures market has pulled back below $100 again in recent weeks. And during this pullback, the market has seen plenty of bearish trading days and big daily losses. However, the market had a big up-day yesterday and is well off of … The post Crude Oil Still In the Sell Zone? appeared first on Josh Daily Direction.
The Wolf of Washington Strikes Again
If you’ve been looking to buy a new or used car lately, you know that supply is limited and demand is high in this market. And one of the main reasons for that is a lack of semiconductor chips. But it’s not just the car market… Really, anything that requires a semiconductor chip has seen … The post The Wolf of Washington Strikes Again appeared first on Stock Surge Daily.
Trading Tech in a Down Trend
Big tech stocks, as tracked by the Nasdaq 100 Index futures contract (NQ), were in the driver’s seat for the US stock market for last year’s rally. But this year, the big tech index has been a big leader to the downside. So, let’s dive in and take a further look at the market for … The post Trading Tech in a Down Trend appeared first on Josh Daily Direction.
Watchlist Update: Is Inflation Starting to Cool Down?
My wife is 39 ½ weeks pregnant, and our little girl could come any second… So, I’m writing this ahead of the opening bell on Friday to make sure I got this week’s Watchlist done early just in case. Now, after a strong week to start July, stocks retraced on light volume last week. In … The post Watchlist Update: Is Inflation Starting to Cool Down? appeared first on Stock Surge Daily.
Let’s Review the Outlook for BTC
The market for the largest digital currency has been in disarray over the past few months. Ups and downs on both a daily and weekly basis continue to flummox traders. So, let’s dive in and take a further look at the market for the BTC futures contract (BTC). We want to see what this market … The post Let’s Review the Outlook for BTC appeared first on Josh Daily Direction.
Small Stock Set to Sink?
The US stock market continues to vacillate up and down, with the start of today’s session showing some upside across the indexes. But one index that’s in an identified downtrend in a trading channel is the Russell 2000. This index tracks the smaller stocks in the US market, and we’ve found a lot of success … The post Small Stock Set to Sink? appeared first on Josh Daily Direction.
How a Wave of Insider Buys Could Lead to the Next Big Sector Rally
You’ve heard me talk a lot recently about the strength in the biotechnology sector and why I’m looking for it to potentially lead the next bull rally. One reason for that is the price action I’m seeing in the overall sector… The SPDR S&P Biotech ETF (XBI), an exchange-traded fund tracking the biotech sector, is … The post How a Wave of Insider Buys Could Lead to the Next Big Sector Rally appeared first on Stock Surge Daily.
Trading the Big US Stock Index in the Sell Zone
The US stock market continues to vacillate between bull and bear moves… This comes as traders are going back and forth between thoughts of economic growth and recession. But from our technical analysis standpoint, the major index of the US market, the S&P 500 Index, is in the sell zone and providing potential opportunities for … The post Trading the Big US Stock Index in the Sell Zone appeared first on Josh Daily Direction.
Why the 200-Day Moving Average Is So Important
The 200-day moving average… Its significance cannot be overstated. This is the “line in the sand” that establishes whether stocks are trending higher or lower. I’ve talked about this several times in past editions of Stock Surge Daily. I’ve told you that I don’t buy stocks that are trading below this level – not under … The post Why the 200-Day Moving Average Is So Important appeared first on Stock Surge Daily.
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