Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Is It Time to Sell Tech Stocks?
Technology stocks continue to vacillate in the market with lower trading in a down trend. And while on any given day we can get a bounce back up, the chart for the Nasdaq 100 Index (NQ) futures contract is showing lower lows and lower highs. Furthermore, the market is now stalling out at the underside … The post Is It Time to Sell Tech Stocks? appeared first on Josh Daily Direction.
Here’s What Traders Often Misunderstand About the Head & Shoulders Pattern
Today, I want to talk about a popular technical chart pattern that is often misunderstood by amateur and professional traders alike. You’ve heard me talk about “flag” and “cup with handle” patterns before, which are great technical tools for navigating the market. But the pattern that seems to get the most attention when it appears … The post Here’s What Traders Often Misunderstand About the Head & Shoulders Pattern appeared first on Stock Surge Daily.
Smart Traders Go Short for a Big Gain
Beyond the futures markets, I run a series of stock trading services with the help of my team here at Traders Agency. One of the services is called Smart Money Alerts, and it seeks to capitalize on my technical analysis of the stock market as well as individual specific stocks. One of those stocks, Pfizer … The post Smart Traders Go Short for a Big Gain appeared first on Josh Daily Direction.
Watchlist Update: Three Strong Biotech Stocks Ready to Break Out
The major indexes held their ground last week. As of Friday morning, the S&P and Nasdaq were both trading near the same level they closed the week before. Markets avoided any major selling days, and volume is picking up slightly as we approach the end of summer, which has historically seen lighter action. Stocks posted … The post Watchlist Update: Three Strong Biotech Stocks Ready to Break Out appeared first on Stock Surge Daily.
Watchlist Week of August 8th, 2022
Krystal Biotech, Inc. (Long Idea) Again, biotech stocks are showing a lot of strength right now. Last week, I introduced you to Ionis Pharmaceuticals, Inc. (IONS), which broke out and climbed 16% in just two days. Krystal Biotech, Inc. (KRYS) is another biotech stock setting up in a similar pattern. KRYS has formed a base … The post Watchlist Week of August 8th, 2022 appeared first on Stock Surge Daily.
Buyers or Sellers Taking Control of the Russell 2000?
Is the small cap stock index in the Russell 2000 Index (RTY) setting up for selling or buying? There are signs setting up on both sides… And they could lead to either bullish or bearish trade opportunities. So, let’s look at the RTY today and see whether the sellers or buyers are taking control of … The post Buyers or Sellers Taking Control of the Russell 2000? appeared first on Josh Daily Direction.
Nasdaq 100 in the Sell Zone?
Today, the market may be setting up sell trades as the jobs data is suggesting good news is potentially bad news. This is particularly the case for the tech-laden Nasdaq 100 Index futures contract (NQ). So, let’s look at the NQ and stay up to date on how things are transpiring and setting up. We … The post Nasdaq 100 in the Sell Zone? appeared first on Josh Daily Direction.
The Real Thing or Just a “Bull Trap”?
Stocks are picking up August where July left off, as the markets are rallying further this week. Technology stocks are leading the way higher, with the Nasdaq 100 jumping 2.8%, the S&P 500 up 0.5% and the Russell 2000 higher by 1.3%. Some of this may have to do with the decline in the price … The post The Real Thing or Just a “Bull Trap”? appeared first on Stock Surge Daily.
Where is the S&P 500 Heading Next?
Every trader is eyeing the big benchmark stock index for guidance on the direction of the overall market. After all, the companies that make up the S&P 500 index futures market (ES) include many of the world’s leading businesses. The index has made a bullish move lately, but there are some key levels we need … The post Where is the S&P 500 Heading Next? appeared first on Josh Daily Direction.
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.
Stop watching.
Start winning.
50,000+ traders get our daily brief before the market opens.
You're subscribed!
Check your inbox.
Free. No spam. Unsubscribe anytime.
