Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
What to Do When the Counter Trendline Is Broken
Good morning, Daily Direction readers! We’re watching the Nasdaq futures market (NQ) today as both the long-term and short-term directions are up. The market broke the counter trendline within the channel and is now pushing bullish toward our next level of resistance. Keep in mind, however, that this setup is considered high risk. While taking on additional … The post What to Do When the Counter Trendline Is Broken appeared first on Josh Daily Direction.
Here’s My Entire Stock Strategy in Two Sentences
The following two sentences summarize my entire approach to trading stocks… If they don’t want it, then I don’t want it. But if they want it badly, then I want it badly! This is the basis of the unique strategy I use in my premium Stealth Trades research service. Let me explain… Price-earnings (PE) ratios, … The post Here’s My Entire Stock Strategy in Two Sentences appeared first on Stock Surge Daily.
Watchlist Week of Feb 14th, 2022
Walmart Inc. (Short) First up is a bearish idea in Walmart Inc. (WMT), the massive $376 billion discount retailer. Here’s how the chart is setting up… And here’s how the stock is scoring on my Stock Surge Indicator (SSI): Surge score: 45/100 % Above 52-wk low: 8% Sales growth: +4% Triple momentum: yes (short) Despite … The post Watchlist Week of Feb 14th, 2022 appeared first on Stock Surge Daily.
Finding Opportunities to Trade No Matter the Conditions
Good morning, Daily Direction readers! We’re still actively looking for opportunities to buy the Nasdaq 100 E-Mini futures market (NQ)! I still expect the market to keep pushing toward the 15300 price point in our daily timeframe, just as we discussed earlier this week. And I know that these sort of setups within a volatile … The post Finding Opportunities to Trade No Matter the Conditions appeared first on Josh Daily Direction.
High Beta Stocks Are Making the Turn
As an investor, my dream is to buy the bottom… And to load the boat on high beta stocks on the dead low of a market selloff. But I know it’s not feasible. If it happens, it was probably just luck. The best I can hope for is to get in at the very early … The post High Beta Stocks Are Making the Turn appeared first on Stock Surge Daily.
How Ticks and Candlesticks Make or Break a Trade
Good morning, Traders! Many of my students ask to learn more about the lines that run across my timeframe charts. Those candlestick charts are what show price movement within a market. And each move, or tick, has a certain value. That’s how we figure out which markets will give us a profitable trade! Reading a timeframe … The post How Ticks and Candlesticks Make or Break a Trade appeared first on Josh Daily Direction.
One Way to Know When Buyers May Return
Back in December, I alerted you to a digital currency I was watching. That digital currency is called Polygon, and it trades with the symbol MATIC. As a disclaimer, I told you that I knew nothing about the coin or the MATIC network. This idea was based on the timeless supply/demand approach to trading. I … The post One Way to Know When Buyers May Return appeared first on Stock Surge Daily.
How to Trade a Double Breakout in a Pre-Earnings Stock
Yesterday, I took a small position in Lithium Americas Corp. (LAC) stock. This is a young, $3.7 billion mining company headquartered out of Vancouver, Canada. However, the company operates mainly in the United States and is currently trying to develop two major lithium mining projects. The first is the Cauchari-Olaroz project in Argentina, and the … The post How to Trade a Double Breakout in a Pre-Earnings Stock appeared first on Stock Surge Daily.
Don’t Let Risk Push You Out of the Market
Good morning, Daily Direction readers! A lot is going on with the Nasdaq 100 E-mini futures market (NQ). And while the current timeframe analysis looks confusing, I’m here to explain the current setup. The overall long-term direction for the NQ is bullish. But while that’s true, we could see the market fall before it rallies again. It’s … The post Don’t Let Risk Push You Out of the Market appeared first on Josh Daily Direction.
This is What Actually Moves the Stock Market
Check out the quote below from one of the world’s most popular market pundits… “Many people get confused. They think we are trading the actual companies themselves, that the pieces of paper we are trading, investing, owning, are some sort of redemptive right – a coupon that will give you certain cents off, or an … The post This is What Actually Moves the Stock Market appeared first on Stock Surge Daily.
Waiting for the Short-Term Direction
Good morning, Daily Direction readers! We’re keeping a close eye on the markets right now, as volatility has increased across the board. But it doesn’t mean the futures market isn’t full of opportunities. I’m now analyzing light crude oil futures (CL). While the long-term trend is upward, the short-term trend may be in the direction of a … The post Waiting for the Short-Term Direction appeared first on Josh Daily Direction.
Watchlist Week of Feb 7th, 2022
Weatherford International plc First up is Weatherford International plc (WFRD), a $2.3 billion oilfield services company operating out of Houston, Texas. This company provides the equipment and services that oil exploration and production companies need for their drilling and other operations. Here’s how the chart is setting up… And here’s how the stock is setting … The post Watchlist Week of Feb 7th, 2022 appeared first on Stock Surge Daily.
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