Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Nasdaq 100 Hits Overhead Resistance
Stocks in the US have been on a wild ride since Thursday morning’s CPI release. The Nasdaq 100 (NQ) gained 2.2% that day, followed by a 3.1% decline on Friday and a 3.4% rally yesterday. Needless to say, the market has been volatile. But with today’s initial rise bringing the NQ up to down trending … The post Nasdaq 100 Hits Overhead Resistance appeared first on Josh Daily Direction.
Breaking Down the Triple Top Pattern
Today, we’re going to follow up on last week’s “triple bottom” discussion by talking about its bearish counterpart, the “triple top” pattern. Just like the triple bottom, the triple top is a trend reversal pattern. The big difference, of course, is that a triple bottom forms at the end of a down trend, while a … The post Breaking Down the Triple Top Pattern appeared first on Stock Surge Daily.
How We Find the Daily Direction
The goal of The Daily Direction is to give you the information you need to make winning trades. And the key to my technique is to keep things as straightforward as possible. That’s why I’ve focused this post on providing the fundamentals of each indicator icon you will see on our time frame charts. Continue … The post How We Find the Daily Direction appeared first on Josh Daily Direction.
Watchlist Week of October 17th, 2022
Northrop Grumman (Short Idea) I have been watching NOC for a long trade for the last several weeks. In fact, I even added it to the Watchlist back in September. But thanks to a vicious bear market, the stock failed at its highs and is now rolling over. Failed breakout trades can be lucrative short … The post Watchlist Week of October 17th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Sticking with Strong Setups
All the major indexes made new lows last week, confirming that sellers are still in control. Another bad inflation report caused stocks to gap down big Thursday morning. And while they actually rallied the rest of the day, they gave up all those gains on Friday. Eventually, the low will be made and a new … The post Watchlist Update: Sticking with Strong Setups appeared first on Stock Surge Daily.
Why the BTC Selling is Not Over Yet
Like the broad stock market, digital currency futures tumbled sharply on Thursday morning following the hotter-than-expected consumer price index (CPI) reading. BTC futures were down by over 6% early in the session before turning around and closing mildly in the green. On the surface, this looks like a false breakdown that could turn the market … The post Why the BTC Selling is Not Over Yet appeared first on Josh Daily Direction.
Small Caps Bounce Back in a Big Way
On Thursday morning, the latest consumer price index (CPI) report showed that inflation is still running at an annual pace of over 8%. Initially, this caused a big drop in the market early on in the trading day. However, by the end of the day, the major indexes ended up by over 2% to stage … The post Small Caps Bounce Back in a Big Way appeared first on Josh Daily Direction.
How to Trade the Market’s Most Elusive Chart Pattern
A “high tight flag” is an extremely rare, chart pattern. They typically form after an explosive move higher in a stock’s price. The post How to Trade the Market’s Most Elusive Chart Pattern appeared first on Stock Surge Daily.
How to Find a Broker That Fits Your Needs
If you’re just starting out on your trading journey, today’s your lucky day… I’m going to take a look at one of the most important fundamental aspects of my system! One of the first steps in becoming a successful futures trader is making sure you have a good broker that can help you utilize your … The post How to Find a Broker That Fits Your Needs appeared first on Josh Daily Direction.
How to Become the Ultimate Apex Trader
Lions are the ultimate apex predator. But despite their deadly reputation, not every hunt is successful. When hunting solo, lions have a kill rate of just 17%. In other words, they only catch their prey in one out of every six attempts. When they hunt as a group, their success rate goes up to one … The post How to Become the Ultimate Apex Trader appeared first on Stock Surge Daily.
Is the Crude Oil Rally Just Getting Started?
The crude oil (CL) futures market posted a big win last week with a gain of 16.5%. The rally was mainly the result of the decision by the Organization of the Petroleum Exporting Countries plus Russia (OPEC+) to cut production by 2 million barrels per day. And while the current US administration is trying to … The post Is the Crude Oil Rally Just Getting Started? appeared first on Josh Daily Direction.
Market Breadth Points to Lower Lows Ahead
One of the main reasons I am expecting lower lows is that the internals of the major indexes are still very weak. The post Market Breadth Points to Lower Lows Ahead appeared first on Stock Surge Daily.
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