Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
How We’ll Know the Worst is Behind Us
Yesterday, I talked about three technical reasons why there could be more selling in store for this market. One of them was the action in the S&P 500 Volatility Index (VIX), also known as the market’s “fear gauge.” Without getting into the details of how it is calculated, what you need to know is that … The post How We’ll Know the Worst is Behind Us appeared first on Stock Surge Daily.
Food… Glorious Food for More Stock Gains
There has been an ongoing comparison between Cisco Systems Inc (CSCO) and Sysco Corporation (SYY). While spelled completely differently and in different industries, they provide a “ying and yang” between technology and food. This makes both of these two stocks barometers for the market sectors and the economy. Tech is losing, with Cisco down in … The post Food… Glorious Food for More Stock Gains appeared first on Josh Daily Direction.
Three Big Reasons Why The S&P 500 Could Fall Further
The S&P 500 (SPX) index has closed lower in each of the last five weeks. That figure is set to increase to six down weeks in a row if we don’t see a turnaround by Friday’s close. And it would have to be some turnaround… The index is down another 3.2% this week and breaking … The post Three Big Reasons Why The S&P 500 Could Fall Further appeared first on Stock Surge Daily.
A Top Trade Idea for this Week
The stock markets are getting more challenging to find long trades right now. But they still can be found for safer opportunities in the right indexes, index futures contracts as well as individual stocks of successful companies. This week, after some additional days of research, analysis and deliberation, we have a long trade idea for … The post A Top Trade Idea for this Week appeared first on Josh Daily Direction.
How We Scored a Massive Return in Pegasystems Stock in Just 8 Days
Recently, I reminded you about the old Wall Street adage, “Don’t fight the Fed.” Well, with the Federal Reserve on the warpath to defeat inflation with tighter monetary policy, fighting the Fed would mean going long and buying stocks. So, we did just the opposite… In my premium trading service, Alpha Stocks, we decided to … The post How We Scored a Massive Return in Pegasystems Stock in Just 8 Days appeared first on Stock Surge Daily.
Checking In on BTC & ETH After Yesterday’s Big Drop
Digital currencies have had some tough trading days and weeks for a while. With the correlation running strong with US stocks, particularly higher-charged tech stocks, digital currencies have been mostly trading into the red. However, there may well be some upside trading levels for the leading currencies that we follow via futures contracts in BTC … The post Checking In on BTC & ETH After Yesterday’s Big Drop appeared first on Josh Daily Direction.
The BTC Bubble is Playing Out Exactly as I Said It Would
One year ago, I published a Stock Surge Daily article entitled “Beat the BTC Bubble.” I compared the rise in BTC to other notable bubbles in history and broke down the five stages every bubble has followed throughout history. I encourage you to review it as this phenomenon will undoubtedly continue for centuries to come. … The post The BTC Bubble is Playing Out Exactly as I Said It Would appeared first on Stock Surge Daily.
This is the Key Level We’re Watching in the ETH Market
Last week, we talked about the digital currency markets, which were experiencing similar troubles to those of the overall stock market. At the time, we said that the ETH futures (ETH) market was in an up channel on the daily time frame, with the market moving from the top of the channel towards the bottom … The post This is the Key Level We’re Watching in the ETH Market appeared first on Josh Daily Direction.
Watchlist Update: Shorting Weak Stocks in a Weaker Market
The S&P 500, Nasdaq and Russell 2000 indexes all made new lows last week. And Friday was the 22nd consecutive day with more new lows made on the Nasdaq Composite than new highs. It is clear that sellers remain in control, and we may very well see stocks continue to sell off. Many of the … The post Watchlist Update: Shorting Weak Stocks in a Weaker Market appeared first on Stock Surge Daily.
Watchlist Week of May 9th, 2022
J.B. Hunt Transport Services, Inc. (Short Idea) J.B. Hunt Transport Services, Inc. (JBHT) is a $18 billion logistics services company focused on trucks and transporting stuff via those trucks. 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: 64/100 % Above … The post Watchlist Week of May 9th, 2022 appeared first on Stock Surge Daily.
Zooming Out for a Better View of the Market
This week has certainly been a scary one for most bullish investors. Markets rallied into the Federal Reserve meeting on Wednesday, only to fall back to their recent lows earlier today. Just when it looked like things were looking up again for stocks, Mr. Market’s attitude turned sour. But today, I want to take a … The post Zooming Out for a Better View of the Market appeared first on Josh Daily Direction.
As Long as Stocks Are Below This Line… Stay Away
The 200-day moving average… Its significance cannot be overstated. This is the “line in the sand” that establishes whether stocks are trending higher or lower. I’ve talked about this several times in past editions of Stock Surge Daily. I’ve told you that I don’t buy stocks that are trading below this level – not under … The post As Long as Stocks Are Below This Line… Stay Away appeared first on Stock Surge Daily.
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