Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Here’s Where We’ll Look to Strike in ES
The venerable S&P 500 (ES) futures market is tumbling again today as the new month gets underway. So far, the bulls are nowhere to be found, and that potentially sets up the ES for more downside. However, with the market at a short term low, there may be better entry opportunities for short ideas ahead. … The post Here’s Where We’ll Look to Strike in ES appeared first on Josh Daily Direction.
Video Update: Why You Should Never Buy a Mutual Fund
It’s time for another video update… In today’s six-minute video, I’ll explain why you should never buy a mutual fund again… The post Video Update: Why You Should Never Buy a Mutual Fund appeared first on Stock Surge Daily.
Will the RTY Downtrend Continue?
The Russell 2000 (RTY) futures market looks set for continued bearish movement. This index, which tracks the performance of small-cap stocks, has been stuck in a down trend for the last two weeks. However, it is still at a low price. If it can make it back to the downtrend line, that could be a … The post Will the RTY Downtrend Continue? appeared first on Josh Daily Direction.
Looking for a Retest of the Recent Lows?
Last Friday’s trading session was a bloodbath… After Federal Reserve Chairman Jerome Powell made aggressive statements regarding a path of more interest rate hikes, the indexes sold off hard all day. The S&P 500 dropped 3.4%, the Nasdaq 100 declined a whopping 4% and the Dow Jones fell just over 3%, or more than 1,000 … The post Looking for a Retest of the Recent Lows? appeared first on Stock Surge Daily.
This Week’s 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. This week, the crude oil futures market (CL) is pushing back into the buy zone, which could lead to a big upside move. … The post This Week’s Idea for Crude Oil Futures appeared first on Josh Daily Direction.
BTC Shows a Pattern of Bear Flag Breakdowns
Last week, we talked about how to identify and trade a “flag” pattern. But because a flag is really just another way to describe a consolidation range, they can take many different shapes and sizes. And just like a “bull flag” can lead to a bullish breakout, a “bear flag” can also lead to a … The post BTC Shows a Pattern of Bear Flag Breakdowns appeared first on Stock Surge Daily.
Taking a Short Term View on NQ
The Nasdaq 100 Index (NQ) futures contract tried its best to break into the daily buy zone earlier this month. At first, it looked like the bulls were taking over, but the downturn of the past two weeks has put it back in the sell zone again. With the market breaking bearish, it is now … The post Taking a Short Term View on NQ appeared first on Josh Daily Direction.
Watchlist Update: Three Stocks for a Rising Rate Market
Stocks sold off hard on Friday after Federal Reserve Chairman Jerome Powell made remarks about taking aggressive action on interest rates. He was clearly setting the tone for a 75-basis-point (0.75%) rate hike at the next meeting, which the market was obviously not anticipating. Even though we expected this pullback from the 200-day moving average, … The post Watchlist Update: Three Stocks for a Rising Rate Market appeared first on Stock Surge Daily.
One More Drop for Crude Before the Turn?
We’ve been following crude oil as one of the more impressive markets both recently as well as over the long term. And our long term analysis shows that it is still in an uptrend despite the recent decline. But for those seeking new positions, be patient because the market could be getting closer to a … The post One More Drop for Crude Before the Turn? appeared first on Josh Daily Direction.
Here’s Where BTC Could Bottom
The market still shows BTC, the world’s leading digital currency futures market, in a long term bullish uptrend. And that’s good for those who have invested in the digital currency. But for those on the sidelines – traders like us – we’re seeing better trading positions by being patient and waiting for a better entry … The post Here’s Where BTC Could Bottom appeared first on Josh Daily Direction.
Why Weekly Options Are the Best Way to Trade a Wild Market
Trying to forecast where stocks will go next is a coin toss at best. So, what’s the solution? Weekly options. The post Why Weekly Options Are the Best Way to Trade a Wild Market appeared first on Stock Surge Daily.
S&P 500 Index on the Verge of Another Drop?
We’ve been looking for a potential bullish turnaround in the benchmark S&P 500 (ES) futures market lately… But it is still trading within its longer term bearish trend. The market just got rejected at the long term down trend line and has broken the short term counter trend line bearish. Now, we’re just looking for … The post S&P 500 Index on the Verge of Another Drop? appeared first on Josh Daily Direction.
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