Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Where is Crude Oil Headed This Week?
The crude oil (CL) futures market is currently setting up for a potential downside move. After hitting resistance at the top of its hourly down channel, the market had a bearish reaction and started moving lower again. It has also made a counter trend line break bearish, which gives us the confirmation we have been … The post Where is Crude Oil Headed This Week? appeared first on Josh Daily Direction.
Why This Rare Chart Pattern is Well Known for Producing Massive Gains
As regular readers know, a “high tight flag” is an extremely rare, bullish chart pattern. They typically form after an explosive move higher in a stock’s price. Specifically, when looking for a high tight flag pattern, you need to see a stock climb 100% or more in less than eight weeks. That’s one of the … The post Why This Rare Chart Pattern is Well Known for Producing Massive Gains appeared first on Stock Surge Daily.
This Week’s Idea for Russell 2000 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 right here. This week, the Russell 2000 futures market (RTY) is positioning for a potential drop back into the sell zone, which could … The post This Week’s Idea for Russell 2000 Futures appeared first on Josh Daily Direction.
Watchlist Week of July 25th, 2022
Enphase Energy, Inc. (Long Idea) I have been talking about the strength in solar stocks for several weeks now, and Enphase Energy, Inc. (ENPH) is one of my favorites. Surge score: 98/100 % Above 52-wk low: 93% Sales growth: +46% Return on Equity: 74% Triple momentum: yes The stock is completing a textbook breakout pattern, … The post Watchlist Week of July 25th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Market Action Points to More Upside Ahead
I’m elated to announce that my wife gave birth to our daughter last Sunday. So far, she seems to be the good luck charm this market desperately needed. Last week, the S&P 500 saw two 90% up volume days, a valid follow-through day and a bullish break of the recent swing high. It also reclaimed … The post Watchlist Update: Market Action Points to More Upside Ahead appeared first on Stock Surge Daily.
This Market is On Fire… Here’s Your Special Invitation
The S&P 500 Index is the big index that all of the major fund managers use to track their performance. The index is made up of large-cap stocks, and it is traded in the futures market under the ticker symbol ES. As regular readers know, we track this market week in and week out, and … The post This Market is On Fire… Here’s Your Special Invitation appeared first on Josh Daily Direction.
Is Crude Oil Set for More Downside?
US crude oil (CL) futures peaked at over $120 a barrel just over a month ago. Since then, it has dropped nearly 23% and fallen back into the sell zone. At this point, it looks like CL is set for another potential move, and we need to analyze it for the right direction. So, let’s … The post Is Crude Oil Set for More Downside? appeared first on Josh Daily Direction.
Three Reasons Why I’m Calling The Low In The Market
I explained on Wednesday that forming a bottom is not an overnight process. I still believe that to be the case. And even with the strong rally we’ve seen this week and this month, I doubt the bottom for the market is going to look like a clean, V-shaped reversal. But whatever the bottom may … The post Three Reasons Why I’m Calling The Low In The Market appeared first on Stock Surge Daily.
Small Fry Stocks Soar to The Limit
The small fry stocks of the Russell 2000 (RTY) futures market have been on a tear lately… As a result, this market hit the limit we were monitoring for the last two weeks for a move of over 800 ticks. Now that the limit has been hit, however, we need a new game plan for … The post Small Fry Stocks Soar to The Limit appeared first on Josh Daily Direction.
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.
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