Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
How to Handle a Looming Selloff
Good morning, Daily Direction readers! We’re currently out of the Nasdaq 100 E-mini futures market (NQ), as the long-term remains bullish, but the short-term is bearish. The market hit the very top of the channel, fulfilling the Fibonacci extension. We’re waiting for the NQ to sell off and settle at a lower price. That isn’t to say … The post How to Handle a Looming Selloff appeared first on Josh Daily Direction.
Why These Meme Stocks Are Starting to Diverge
It’s been a while since we talked about “meme stocks.” And while it used to be the “Mother of all Meme Stocks,” AMC Entertainment Holdings, Inc. (AMC) has fallen out of the news lately. Are the Reddit traders finally calling it quits and giving up on this stock? I’m not sure, but I certainly am. … The post Why These Meme Stocks Are Starting to Diverge appeared first on Stock Surge Daily.
How NOT to Trade Crude Oil
When it comes to trading the crude oil markets, I generally bow to my colleague Anthony Speciale. He’s the master at trading crude. And he has years of six-figure profits to prove it. But one thing I do know is how NOT to trade crude… at least on a long-term basis. This mistake cost me … The post How NOT to Trade Crude Oil appeared first on Stock Surge Daily.
Getting Ready for a Bullish Push
It’s Wednesday, Daily Direction readers! We’re halfway through the trading week already. Right now, I’m watching the E-mini Russell 2000 futures market (RTY). It looks like this market could set up for a new bullish push once it U-turns and breaks into the buy zone. The RTY is currently in an up channel, with the … The post Getting Ready for a Bullish Push appeared first on Josh Daily Direction.
How to Make Big Returns in January
It happens every year… But almost no one notices. Like clockwork, a small handful of stocks tend to make huge gains in January. And investors who know what to look for can scoop up big profits to kick off the year. So, why do most people miss these big moves? Well, it’s pretty simple… Not … The post How to Make Big Returns in January appeared first on Stock Surge Daily.
The First Step in Building a Solid Trading Strategy
Happy Tuesday, Daily Direction readers! One of the greatest ways to build our trading strategy is to go over some of the crucial details that are foundational to success. The most common worry I hear from my students is how risky trading can be for new traders. Anything that involves money is incredibly risky. That … The post The First Step in Building a Solid Trading Strategy appeared first on Josh Daily Direction.
These Two “Death Stocks” Are Some of the Safest Bets in the Market
Cyclical stocks ebb and flow with the overall economy. When the economy is booming, cyclical stocks tend to perform well. And when the economy is turning down, cyclical stocks tend to underperform. Think companies that focus on luxury goods, travel companies or appliance manufacturers. These are all things that folks spend more on when times … The post These Two “Death Stocks” Are Some of the Safest Bets in the Market appeared first on Stock Surge Daily.
The Key to Keeping Your Trading Strategy Simple
Good Morning, Traders! As you follow along with my Daily Direction newsletter, you’ll notice some key indicators along the right-hand column. These simple icons are there to give you a quick summary of what our featured futures market is doing for the day. The goal of Daily Direction is to give you the information you … The post The Key to Keeping Your Trading Strategy Simple appeared first on Josh Daily Direction.
Watchlist Week of Nov 29th, 2021
Amazon.com, Inc. Amazon.com, Inc. (AMZN) is the ubiquitous online retailer offering customers nearly anything they could ever want delivered straight to their doors. The company also runs its lucrative Amazon Web Services (AWS) platform focused on cloud computing services. Here’s how the chart is setting up: And here’s how the stock is setting up with … The post Watchlist Week of Nov 29th, 2021 appeared first on Stock Surge Daily.
Watchlist Update: Three Trades to Make as Virus Fears Flare Up
I’m putting together this list the morning of Friday, Nov. 26. At the market open, the Dow was down over 850 points on renewed COVID fears. A new heavily mutated coronavirus strain was discovered in South Africa, and the big but unsubstantiated fear is that it could be resistant to current vaccines. Even though the … The post Watchlist Update: Three Trades to Make as Virus Fears Flare Up appeared first on Stock Surge Daily.
Tracking a High Tight Flag on this Key Metaverse Stock
Earlier this month, I told you that Facebook — now Meta Platforms, Inc. (FB) — CEO Mark Zuckerberg wants to own and operate the “metaverse.” If you missed that article, you can read it right here: Why Mark Zuckerberg Wants to Own the Metaverse And if you’re not up to speed on this topic, allow … The post Tracking a High Tight Flag on this Key Metaverse Stock appeared first on Stock Surge Daily.
Keeping an Eye on the GC
It’s Wednesday, Daily Direction readers! We’re halfway through the trading week. And with tomorrow being Thanksgiving, I wanted to wish you all a happy holiday. Be sure to take this time to rest, reflect, and spend time with family and friends. As far as the markets go, we’re still keeping a careful eye on gold … The post Keeping an Eye on the GC appeared first on Josh Daily Direction.
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