Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Watchlist Week of June 20th, 2022
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.
Watchlist Update: Weak Stocks Can Always Become Weaker
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.
Nothing Crude About Big Oil Gains
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.
How a False S&P 500 Breakout Turned into a Real Breakdown
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.
Is Gold Glittering or Tarnished?
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.
Here’s What to Watch as We Wait for the Bottom
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.
Is the S&P Setting Up for a Bull or Bear Market?
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.
Why the BTC Selloff Doesn’t Surprise Me One Bit
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.
How We’re Setting Up to Capitalize on the Selloff
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.
How Alpha Traders Are Handling This Wild Market
In our June 6 Watchlist Update, we asked if the market low was already in. At the time, the lows from May 20 were holding across the major indexes, and we saw a bullish follow-through day on May 26. By then, the market was about 7% off those lows, and it looked like the S&P … The post How Alpha Traders Are Handling This Wild Market appeared first on Stock Surge Daily.
Are Tech Stocks Done Or Not?
The stock market is having a very tough day. Bears appear to be running amok, and losses have been mounting in various sectors and indexes. This includes the technology-heavy Nasdaq 100 Index and the Nasdaq 100 Index futures contract (NQ). But while the index and the contract are down big today, it still may be … The post Are Tech Stocks Done Or Not? appeared first on Josh Daily Direction.
Watchlist Update: Stocks Break Down as CPI Heats Up
The market fell apart last week, with the Nasdaq 100 and S&P 500 each tumbling roughly 5%. This was the worst week for stocks since January. The catalyst? Inflation. Consumer Price Index (CPI) numbers showed another record level for inflation on Friday. The hope was that inflation had peaked and the May numbers would show … The post Watchlist Update: Stocks Break Down as CPI Heats Up appeared first on Stock Surge Daily.
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