Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
In Monday’s Watchlist Update, I explained that the new leaders of the current market environment seem to be biotechnology companies. Chemical, shipping and energy stocks had their run earlier this year, but as time went on, investors started to look for the next hot sector. This is sometimes called a “ sector rotation,” and it … The post How to Spot Sector Rotation Before the Next Big Move appeared first on Stock Surge Daily.
Sometimes, big things come in small packages… That’s especially true for small stocks, which can provide big trade opportunities. And today, I’m going to showcase how the big index for small stocks in the Russell 2000 Index (RTY) is setting up for some great trading opportunities. Let’s take a look at capitalizing on what we … The post Looking at Small Stocks for Big Trading Gains appeared first on Josh Daily Direction.
More trouble is brewing in the world of digital currencies… The rout in the digital asset market has been happening for a while, but we are now starting to see how plunging coin prices are affecting real companies in the space. After suffering big losses in various coins, digital asset hedge fund Three Arrows Capital … The post Why BTC Has Further to Fall appeared first on Stock Surge Daily.
Traders continue to follow technology stocks as a prime indicator of the potential direction changes in the general stock market. And one of the prime indexes for leading tech stocks is found in the Nasdaq 100 Index and its futures contract (NQ). We continue to monitor and analyze the markets and see the potential for … The post Is Tech Setting Up for a Long Idea appeared first on Josh Daily Direction.
Chinook Therapeutics, Inc. (Long Idea) Chinook Therapeutics, Inc. (KDNY) is a biotech stock coming out of a two-year base pattern. Here’s how the chart is setting up… And here’s how the stock is setting up with my Stock Surge Indicator (SSI)… Surge score: 97/100 % Above 52-wk low: 79% Sales growth: +671% Return on Equity: … The post Watchlist Week of June 27th, 2022 appeared first on Stock Surge Daily.
It is vitally important to watch which stocks are making highs when the market is making lows. This is usually the next group of market leaders that can advance several hundred percent once the next bull market begins. Chemical, shipping and energy stocks were the clear leaders in 2022. But their reign quickly came to … The post Watchlist Update: Certain Stocks Starting to Show Promise appeared first on Stock Surge Daily.
Digital currencies remain volatile, and the recent price action has made them even more so. But that also means they’re providing plenty of opportunities. So, rather than just ignoring these markets, I continue to work on them and their charts. This in turn is providing evidence of trading opportunities that others may be missing for … The post Where We’re Expecting a U-Turn in BTC appeared first on Josh Daily Direction.
The last time we talked about Facebook, the stock had just plunged 26% overnight following a very disappointing earnings report. But a lot more has happened since then… Ever since a whistleblower released internal company memos showing how the platform causes mental harm to children last year, the company has been busy rebranding itself. As … The post Why Mark Zuckerberg Just Shut Out Apple and Google appeared first on Stock Surge Daily.
Small stocks are a great source of potential upside. They tend to be focused on the domestic economy and separate from the woes of the global economy. The Russell 2000 Index futures contract (RTY) is made up of these small-cap stocks. But it is now moving downward from the top of its channel, reversing the … The post Small Stocks in the Sell Zone appeared first on Josh Daily Direction.
As I was browsing through Twitter the other day, I came across an interesting statistic. According to one popular analyst, Charlie Bilello, historical returns show that this is the second-worst start to a year for the S&P 500 index. The only other time the S&P dropped more during the first 116 trading days of the … The post What the Market’s Second-Worst Start to a Year Tells Me Today appeared first on Stock Surge Daily.
Technology is historically one of the leaders in the market and one to keep an eye on for both market-leading trades as well as just confirming long trades in general. The Nasdaq 100 Index (NQ) is made up of large-cap technology stocks. As it moves, it can work to drive the whole market. And right … The post Are the Bulls Coming Back to Technology Stocks? appeared first on Josh Daily Direction.
During the depths of the pandemic, the Federal Reserve cut interest rates to zero to help save the economy. The market went into a buying frenzy, and many stocks doubled, tripled or more from the 2020 bottom to the recent highs. Two years later, the Fed is ramping up interest rates and will possibly send … The post 10 Stocks That Have Gone Nowhere for the Last Two Years appeared first on Stock Surge Daily.
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