Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
With a Setup Like This, I’m Expecting Big Things From Chinook Therapeutics
Today, I want to revisit Chinook Therapeutics, Inc. (KDNY) and cover the latest move in the stock. Regular readers will know Chinook, as it was included on our Watchlist for the last two weeks… But it also became an official recommendation in my premium Alpha Stocks trading service this week. In fact, I actually recommended … The post With a Setup Like This, I’m Expecting Big Things From Chinook Therapeutics appeared first on Stock Surge Daily.
Crude Oil Down But Not Out
The market for crude oil may have taken a pause, but it is far from out. In fact, there are plenty of opportunities that you need to be set up to capitalize on over the coming days and weeks. So, today, I want to share my take on the crude oil futures contract market (CL) … The post Crude Oil Down But Not Out appeared first on Josh Daily Direction.
Why I’m Looking for Multi-Year Moves Out of These Big Bases
Regular readers know that big bases can lead to big breakouts… This price pattern is characterized by a relatively tight trading range following a large move up or down. Not much happens inside the base, and there isn’t much opportunity for profit trading within a base. However, these bases are where large, institutional investors accumulate … The post Why I’m Looking for Multi-Year Moves Out of These Big Bases appeared first on Stock Surge Daily.
How We’re Trading the Channel in RTY
Trading doesn’t mean committing to buying and holding through the market’s longer-term ups or downs. Instead, if we find a channel – either a bull or bear one – we can trade inside that channel on a short-term basis both on the up and down sides. Right now, we see a channel set up for … The post How We’re Trading the Channel in RTY appeared first on Josh Daily Direction.
Here’s a Stock You Might Like…
US stocks opened lower Tuesday morning after the market holiday on Monday, but they climbed back throughout the day to end flat. And leading the rebound again were biotechs like Alkermes plc (ALKS), a $5 billion biopharmaceutical company focused on developing treatments for mental illness, addiction and cancer. The stock was up 3% on Tuesday … The post Here’s a Stock You Might Like… appeared first on Stock Surge Daily.
Is BTC Still a Sell?
One market that continues to grab the attention of experienced traders and neophytes alike is the digital currency market. This is a market that is compelling for more and more folks who are seeking alternatives to traditional markets. But recently, this market, especially for BTC, has turned sour. And as such, we’ve been analyzing it … The post Is BTC Still a Sell? appeared first on Josh Daily Direction.
Bullying a Weak Stock for Strong Downside Gains
I explained in a recent article that when you set out to short a stock, you need to act like the typical school yard bully… Remember… A bully doesn’t pick on the strong, confident kids in class. A bully seeks out the weakest of the weak and picks on them over and over again. Well, … The post Bullying a Weak Stock for Strong Downside Gains appeared first on Stock Surge Daily.
The Top Asset to Trade in This Market
One market that never really stops, even for a major US holiday like today, is the US futures contract market. And one of the top performers for today is crude oil and its futures contract (CL). It’s up big – really big – today, and I see more potential in this market. So, I’m taking … The post The Top Asset to Trade in This Market appeared first on Josh Daily Direction.
Watchlist Week of July 4th, 2022
Chinook Therapeutics, Inc. (Long Idea) I added Chinook Therapeutics, Inc. (KDNY) to the Watchlist last week, and it did not rise enough to hit our buy trigger. As I mentioned in the previous update, KDNY is a biotech stock coming out of a huge two-year base pattern. Surge score: 97/100 % Above 52-wk low: 79% Sales … The post Watchlist Week of July 4th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Still No Real Sign of a Bottom
As I write this on Friday afternoon, the Nasdaq is down 5.6% for the week. As expected, the recent short-term bounce was a great opportunity to take a few short trades from better entry points. And if you took the short trade idea in ZIM Integrated Shipping Services Ltd. (ZIM) last week, you are sitting … The post Watchlist Update: Still No Real Sign of a Bottom appeared first on Stock Surge Daily.
Let’s Look at the Gold Market
The market for gold is providing opportunities as the stock market has its challenges. The S&P 500 (ES) is down 2.6% this week, while the Nasdaq (NQ) is off closer to 5%. This is leading me to examine the opportunities in the gold futures contract (GC) market that I am sharing with you today. Read … The post Let’s Look at the Gold Market appeared first on Josh Daily Direction.
How We Played the Breakout in ProPhase Labs
We’ve been knocking it out of the park over at my Alpha Stocks research service lately. Even with the bears running wild this year, we’ve been finding winning trades on both the long and short side. I’ve told you about our short trade in Pegasystems Inc. (PEGA) we closed back in May for a combined … The post How We Played the Breakout in ProPhase Labs appeared first on Stock Surge Daily.
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