Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
After a tough trading week for the big benchmark S&P 500 futures contract (ES), we’re seeing potential in the monthly chart patterns for a bullish move. Not all is in the clear, as the daily chart still shows some challenges that have to be overcome. But that’s why we continue to follow and research the … The post Where We’re Seeing Potential in the ES appeared first on Josh Daily Direction.
Stock options are often said to be too risky or complicated for individual investors like us. But I’m here to tell you that, in my view, that’s simply not the case. In fact, in a market like this, stock options have a lot of advantages over regular stock trading. Now, we’ll get into some more … The post How to Make More and Risk Less with Stock Options appeared first on Stock Surge Daily.
No resource is greater in need and shorter in supply than crude oil. And with the stock market still challenged, crude oil is also gaining trader appeal right now as a viable hedge. But the key to profitable trades is to be in at the right entry level as well as being ready to exit … The post Is There More Upside to Crude Oil? appeared first on Josh Daily Direction.
The Boeing Company (Short Idea) The Boeing Company (BA) has been trending lower since last March – 10 months before the bear market even started. 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: 24/100 % Above 52-wk low: 18% Sales … The post Watchlist Week of June 20th, 2022 appeared first on Stock Surge Daily.
The selling continues… Last week, I shared why I was bearish on the market and expected stocks to continue lower. Unsurprisingly, that is exactly what happened. The Nasdaq and S&P 500 each fell roughly 6%. And BTC dropped another 22% last week! If you’re new to trading and haven’t experienced one yet, this is what … The post Watchlist Update: Weak Stocks Can Always Become Weaker appeared first on Stock Surge Daily.
With the stock market still challenged and other financial assets having their own ups and downs, crude oil is gaining trader appeal right now as a viable hedge. Oil continues to provide periodic gains both this year and last and potentially in the weeks and months to follow. But the key to profitable trades is … The post Nothing Crude About Big Oil Gains appeared first on Josh Daily Direction.
In late May, I gave you several key support and resistance levels for the S&P 500 index that I continue to have my eyes on. At the time, the index was trading in a sideways consolidation channel around the 3,975 level. And I explained that when that range was broken, there would be either a … The post How a False S&P 500 Breakout Turned into a Real Breakdown appeared first on Stock Surge Daily.
With the stock market still challenged and other financial assets having their own ups and downs, gold is gaining trader appeal right now as a viable hedge. Gold continues to provide periodic gains both this year and last, and it is the subject of this week’s idea, which I’ve just published to my TradingView page. … The post Is Gold Glittering or Tarnished? appeared first on Josh Daily Direction.
About a month ago, I wrote an article called, Three Big Reasons Why The S&P 500 Could Fall Further. We looked at the S&P 500 index alongside the S&P 500 Volatility Index (VIX) as well as market breadth. Putting all three together, it was clear to me that stocks were in for further selling at … The post Here’s What to Watch as We Wait for the Bottom appeared first on Stock Surge Daily.
The US stock market continues to gyrate day by day and week by week. And with the Federal Reserve Open Market Committee (FOMC) continuing to pursue actions that will reverse easier money over the coming months, look for more ups and downs in the market. But this doesn’t mean that the benchmark S&P 500 Index … The post Is the S&P Setting Up for a Bull or Bear Market? appeared first on Josh Daily Direction.
Last month, I published an article called, The BTC Bubble is Playing Out Exactly as I Said It Would. In it, I explained the five stages of the BTC bubble… Displacement Boom Euphoria Profit-Taking Panic And with the recent plunge throughout the digital currency markets, BTC is now firmly in the panic stage. If you … The post Why the BTC Selloff Doesn’t Surprise Me One Bit appeared first on Stock Surge Daily.
The US stock market is having plenty of challenges. Leading indexes have moved into bearish market conditions, with perhaps more to follow. And even if we get the recovery in some of the leading indexes, not all are set for a recovery right now before a potential further selloff. Small stocks as tracked by the … The post How We’re Setting Up to Capitalize on the Selloff appeared first on Josh Daily Direction.
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