Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
My Favorite Way to Play the Gold Market
A “hedge” is an asset that tends to go up when other assets go down. And historically, gold has been the go-to hedge for traders and investors. Stock market crashing? Buy gold. US dollar weak? Gold usually goes up. Worried about inflation? You guessed it – turn to gold. Surprisingly, the price of gold actually … The post My Favorite Way to Play the Gold Market appeared first on Stock Surge Daily.
How to Learn the Ins and Outs of Futures Trading
Good afternoon, Daily Direction readers! It’s Wednesday… The mid-point of the trading week! This is the day when we discuss the fundamentals of futures trading. We’ll talk about futures contracts and how to trade them. As many of you know by now, trading has the potential to be extremely profitable. Billions of dollars move through … The post How to Learn the Ins and Outs of Futures Trading appeared first on Josh Daily Direction.
Stage 4 Strikes Again as High-Flyers Plummet
As regular readers know, I’m a big fan of the four stages of the stock cycle. This is an idea originally pioneered by legendary trader Richard Wyckoff. The cycle is made up of four distinct stages… Stage 1: Consolidation Stage 2: Accumulation Stage 3: Distribution Stage 4: Capitulation The pattern is clear. It repeats itself … The post Stage 4 Strikes Again as High-Flyers Plummet appeared first on Stock Surge Daily.
Preparing for a Bullish Break in Gold Futures
Good morning, Daily Direction readers! Today, we’re looking at the Gold Futures (GC) market, as it could be setting up nicely for a bullish U-turn on the daily timeframe. First, however, let’s recap where GC is on a longer-term timeframe… On the monthly timeframe chart, GC is in an uptrend and is making higher highs … The post Preparing for a Bullish Break in Gold Futures appeared first on Josh Daily Direction.
Why I’m Buying Stocks This Week
January and February were awful months for the market. It was one of the worst starts to a year we’ve ever seen. The Nasdaq 100 and Russell 2000 fell over 20% from their recent highs. For many analysts, including myself, a decline of 20% or more is considered “bear market” territory. So, as all of … The post Why I’m Buying Stocks This Week appeared first on Stock Surge Daily.
The Right Way to Set Up Your Charts
Good Morning, Traders! I’m going to show you what indicators and setups I use to prepare my charts today. I understand that dealing with all of the data for trading may be overwhelming, so I wanted to take some time to give you some real advice that will help you become a better trader. Properly setting … The post The Right Way to Set Up Your Charts appeared first on Josh Daily Direction.
Watchlist Update: We Just Got the Signal We Were Waiting For
It’s been a rough year for the market so far, but things may be starting to turn around. I’ve been waiting for a follow-through day to confirm that the low may finally be in for the market. And last week, we got one. If you’re not familiar with the term, I define a follow-through day … The post Watchlist Update: We Just Got the Signal We Were Waiting For appeared first on Stock Surge Daily.
Watchlist Week of Mar 21st, 2022
Danaos Corporation Danaos Corporation (DAC) is a $2.2 billion, Greece-based marine shipping and transport company. 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: 98/100 % Above 52-wk low: 143% Sales growth: +80% Return on Equity: 23% Triple momentum: yes Shipping … The post Watchlist Week of Mar 21st, 2022 appeared first on Stock Surge Daily.
My Bold Prediction for Crude Oil & How to Trade It
Crude oil at $200 per barrel? I know it sounds outlandish. But it’s possible. It would be unprecedented, right? Maybe. But unprecedented things happen all the time. If the last two years haven’t proven that to you, nothing will. Could you have ever imagined being told you shouldn’t leave your house for two months… In … The post My Bold Prediction for Crude Oil & How to Trade It appeared first on Stock Surge Daily.
The Latest Scoop On Gold Futures
Good morning, Daily Direction readers! In today’s edition, we’ll follow the gold futures market (GC) as we actively look for opportunities for smart trades! Both the long-term and short-term directions are up for the GC. With a daily Fibonacci extension of 2114.6, there’s an opportunity for plenty of ticks above the current market. Investors are still … The post The Latest Scoop On Gold Futures appeared first on Josh Daily Direction.
Tulip Mania is Back… But the Bubble is Bursting
Ever heard of “Tulip Mania”? It was the first economic “bubble.” In the early 1600s, the Dutch went wild over the rare tulip bulbs being imported from China. They were seen as a luxury status symbol, much like a Rolls Royce or Gucci dress today. Rampant speculation sent prices soaring. In 1633, a single bulb … The post Tulip Mania is Back… But the Bubble is Bursting appeared first on Stock Surge Daily.
Looking Back So We Can Move Forward
Hello, Daily Direction readers! We’ve reached the middle of the trading week! It’s time to step back, look at where we’ve been and where we’re going over the next couple of days. To do that, we need to discuss some of the fundamentals of the futures market. Futures are just that: contracts for buying and … The post Looking Back So We Can Move Forward appeared first on Josh Daily Direction.
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