Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
How Market Candlesticks Measure Traders’ Emotions
With the markets closed on Monday for Memorial Day, this provides a great opportunity to take a step back and review how charting works to identify trading opportunities as well as to know when a chart shows when a trade shouldn’t be made. Today, I’m going to give you a prime primer course in candlesticks … The post How Market Candlesticks Measure Traders’ Emotions appeared first on Josh Daily Direction.
MicroStrategy and the Four Stages of the Stock Cycle
MicroStrategy Inc. (MSTR) was one of the top success stories of the post-pandemic stock boom… But we’ve actually never talked about it here in Stock Surge Daily. Given how this story has developed, I have some thoughts on it I want to share with you. If you’re not familiar with the company, MicroStrategy Inc. is … The post MicroStrategy and the Four Stages of the Stock Cycle appeared first on Stock Surge Daily.
How I Use TradingView to Chart the Futures Markets
If you’ve been following my trading strategy, you’ll know that I rely heavily on timeframe charts to make futures trading judgments. So today, I want to teach you about the indicators and setups I use when preparing my charts. Dealing with all of the data for trading might be difficult, but properly setting up my … The post How I Use TradingView to Chart the Futures Markets appeared first on Josh Daily Direction.
Watch These Levels When the Market Makes a Move
The markets have been consolidating in a tightening range over the past two weeks, as you can see highlighted on the chart below. This is very similar to what happened from mid-February to mid-March, which I’ve also highlighted on the chart. The S&P traded in a range of roughly 6% for nearly a full month … The post Watch These Levels When the Market Makes a Move appeared first on Stock Surge Daily.
Why Finding Market Direction is So Important
It’s tough to uncover profitable opportunities in a market without a defined direction, which is why finding market patterns is one of the most crucial aspects in developing a good trading strategy. While markets differ, the facts that underpin market trends are universal. We’ll have the best chance of making a winning trade if we … The post Why Finding Market Direction is So Important appeared first on Josh Daily Direction.
How We’re Picking Winners & Losers in This Market
I wanted to take some time today to follow up on a few of the ideas I’ve presented to you recently. As you all know, the markets have been trading erratically over the past few weeks. The S&P 500 Index set a new year-to-date low on Friday, only to rally 1.9% on Monday. This has … The post How We’re Picking Winners & Losers in This Market appeared first on Stock Surge Daily.
A Big Longer Term Idea for the S&P
There are different views that can be taken on the stock and other markets. On any day, there are intraday and daily trading ideas for short term gains. But there can also be longer-term ideas that may not be ready to trade now but are worth keeping an eye on to see if and how … The post A Big Longer Term Idea for the S&P appeared first on Josh Daily Direction.
What To Look for When the Markets Bottom Out
I’ve talked a lot about the four stages of the stock cycle, an idea originally pioneered by legendary trader Richard Wyckoff. The cycle is made up of four distinct stages that have been repeating themselves for more than 100 years. Stage 1: Consolidation Stage 2: Accumulation Stage 3: Distribution Stage 4: Capitulation While most stocks … The post What To Look for When the Markets Bottom Out appeared first on Stock Surge Daily.
Gold In The Buy Zone
We’ve been working on the gold market over the past week, including our discussion in yesterday’s edition of this update. We now see that gold is now in the buy zone and providing potential opportunities for trades now for the glittering metal. Today, let’s take at the recent trading pattern setups for gold and how … The post Gold In The Buy Zone appeared first on Josh Daily Direction.
Watchlist Update: No Big Surprises for Stocks
Surprise, surprise… Another down week for stocks. As I pointed out last week, the trend is unquestionably bearish. The markets continue to see sellers in control with high volume on the downside. As I write this update, the S&P 500 is trading within 2% of its 52-week low… Not a good sign for bulls. Inflation … The post Watchlist Update: No Big Surprises for Stocks appeared first on Stock Surge Daily.
Watchlist Week of May 23rd, 2022
SPX Corporation (Short Idea) SPX Corporation (SPXC) is a $2.2 billion infrastructure equipment company for the heating and air industry. 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: 38/100 % Above 52-wk low: 13% Sales growth: +7% Return on Equity: … The post Watchlist Week of May 23rd, 2022 appeared first on Stock Surge Daily.
How We’re Still Finding Opportunities at the Right Levels
The stock market continues to show signs of resilience and optimism. On any given day, the leading indexes will experience buying sending traders into profitable trades, including for the core US benchmark S&P 500 Index. In fact, even this morning, the S&P showed some nice gains for a period of time both in the cash … The post How We’re Still Finding Opportunities at the Right Levels appeared first on Josh Daily Direction.
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