Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Gold Futures Are Making the Turn
Good morning, Daily Direction readers! Last week, we talked about Gold Futures (GC) and said that the market could be setting up nicely for a bullish U-turn on the daily timeframe. Well, that U-turn is now underway, so we’re going to cover the GC in more detail today. First, however, let’s recap where GC is … The post Gold Futures Are Making the Turn appeared first on Josh Daily Direction.
Watchlist Week of Mar 28th, 2022
ICL Group Ltd ICL Group Ltd (ICL) is a $15.6 billion specialty minerals and chemicals company based out of Tel Aviv, Israel. The stock dipped with the rest of the market at the start of the year but is now pushing towards new multi-year highs. Here’s how the chart is setting up… And here’s how … The post Watchlist Week of Mar 28th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: This Sector of the Market is on Fire
Many are saying that globalization is coming to a screeching halt. Russia’s actions in Ukraine have undone three decades of progress. Nations have become dependent on one another for trade. But the last few months have shown how vulnerable that can leave us (if the Suez Canal blockage didn’t do that already last year). As … The post Watchlist Update: This Sector of the Market is on Fire appeared first on Stock Surge Daily.
How to Make Sure You’re Managing Trading Risk
Hello, Daily Direction readers! It’s Friday! That means it’s time to wrap up another trading week, unwind over the weekend and prepare to start all over again on Monday! But it’s hard to unwind if you’re constantly worried about the risk you may be taking on by trading the market. This is one of the … The post How to Make Sure You’re Managing Trading Risk appeared first on Josh Daily Direction.
How I’m Managing My Crude Oil Options Trade
A week ago, I told you about a trade I was taking in the oil market… And how I thought we could see crude at $200 a barrel. Today, I have an update for you on how I am managing that position. Because even if you did not take the trade (which is up 70% … The post How I’m Managing My Crude Oil Options
How to Master Your Charts with Candles and Ticks
I’ve heard from many of you that want to know more about charting the markets, so that’s what we’re going to cover today. As you’ll learn, candlestick charts show price movement within a market. Each move, or tick, on the chart carries a certain value. That’s important to remember as we look for low-risk, high-reward … The post How to Master Your Charts with Candles and Ticks appeared first on Josh Daily Direction.
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.
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