Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
People love to brag about their option trades. After all, it can be a pretty easy thing to brag about. With the right option, one can achieve triple- or quadruple-digit gains with only a 5%-10% move in the underlying stock. And it’s not terribly difficult. My option trades have netted wins as high as 1,091%. … Continue reading “If You’re Going to Trade Options, This is What You Must Know” The post If You’re Going to Trade Options, This is What You Must Know appeared first on Stock Surge Daily.
The “cup and handle” is a well known but little understood price pattern that is typically a bullish formation. It got its name because it looks something like a coffee cup, with a U-shaped base and a downward trending consolidation range that looks like a handle. These patterns usually take shape over weeks or months, … Continue reading “How to “Cheat” Your Way to Even Bigger Market Gains” The post How to “Cheat” Your Way to Even Bigger Market Gains appeared first on Stock Surge Daily.
Happy Tuesday, Daily Direction readers! Today we’re actively looking for opportunities to trade gold futures (GC)! Both the long-term and short-term directions are up for this market, meaning we’re following our timeframe charts and looking for opportunities to buy the GC. The daily timeframe is in an up Fibonacci extension, meaning the market is in a position … The post Why This Trade is Pure Gold appeared first on Josh Daily Direction.
Maintaining a watchlist of stocks is absolutely crucial if you want to find success in the markets. If your watchlist is getting overcrowded, don’t hesitate to split them up. I actually have several watchlists that I follow. And as regular readers know, I scour my various watchlists each week and share three of my favorite … Continue reading “This is Why Keeping a Watchlist is Absolutely Crucial” The post This is Why Keeping a Watchlist is Absolutely Crucial appeared first on Stock Surge Daily.
It’s Monday, fellow traders! And that means it’s time to prep our strategy and jump into the futures market. Today, we’re tracking the Nasdaq 100 E-mini (NQ). We’ve followed this market for the last few days, waiting for the NQ to move back into the buy zone. And based on the current timeframe analysis, it looks … The post We’re Closing Above the Trendline in This Market appeared first on Josh Daily Direction.
What to Watch This Week On the other hand, the International Monetary Fund cut its 2021 forecast for US gross domestic product (GDP) this week to 6% from 7% due to supply chain disruptions. While that is still a very high reading, the pace of growth is clearly slowing as the US works its way … Continue reading “Watchlist week of Oct 18th” The post Watchlist week of Oct 18th appeared first on Stock Surge Daily.
Third-quarter earnings season has officially kicked off here in the US, and so far traders are taking the results fairly well. The big bank earnings we’ve seen so far have largely beaten estimates on the top and bottom lines, although there are still some issues under the surface, including weakness in loan growth and net … Continue reading “These Stocks are Setting Up to Surge as Markets Rebound” The post These Stocks are Setting Up to Surge as Markets Rebound appeared first on Stock Surge Daily.
Happy Friday, Daily Direction followers! The Nasdaq 100 E-mini (NQ) is finally breaking into the buy zone! We’ve been out of the market for the past few days as we waited for it to leave the sell zone. Now that the NQ is very clearly trying to break into the buy zone, we can prepare our … The post It’s Almost Time to Jump into This Market appeared first on Josh Daily Direction.
The goal of a trader is to make money. Plain and simple. So, you should monitor how much money you are up or down on a trade, right? Wrong! In fact, seeing your open gains and losses in dollar amounts will likely have a negative impact on your trading. Instead, try to focus on the … Continue reading “How One Simple Change Could Drastically Improve Your Trading” The post How One Simple Change Could Drastically Improve Your Trading appeared first on Stock Surge Daily.
Hello, Daily Direction readers! The Nasdaq 100 E-mini (NQ) is so close to turning up for the short-term direction. Right now, the long-term direction remains positive, but we’re waiting for the short-term market to break into the buy zone before we consider buying the NQ. It’s important to note that we won’t plan to take any … The post We’re Close to Getting Back into This Market appeared first on Josh Daily Direction.
In the Sept. 29 issue of Stock Surge Daily, I told you about my trade in AMC Entertainment Holdings, Inc. (AMC). This is the “Mother of all Meme Stocks” that I first brought to your attention back on Aug. 19. The stock made a massive run in early 2021, surging over 3,000% from the January … Continue reading “Is AMC Stock Gearing Up for Another Massive Move?” The post Is AMC Stock Gearing Up for Another Massive Move? appeared first on Stock Surge Daily.
Recently, a former Facebook, Inc. (FB) employee turned whistleblower released internal company memos showing the platform causes mental harm to children. Many market participants have long known that social media platforms can affect their users negatively. There have been plenty of studies on the topic showing that social media can exacerbate self-image and other mental … Continue reading “Here’s Why Facebook Stock is Crashing” The post Here’s Why Facebook Stock is Crashing appeared first on Stock Surge Daily.
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