Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Happy Tuesday, Daily Direction readers! Today we’re waiting for gold futures (GC) to give us a new entry, as we’ve hit our limits in the market. The long-term direction remains up for the GC, but the short-term direction is now considered down, meaning we’re following our timeframe charts and waiting for the market to get back … The post Why Long and Short Term Directions Matter appeared first on Josh Daily Direction.
In the Sept. 1 issue of Stock Surge Daily, I alerted you to a new trade I was taking on Tesla, Inc. (TSLA) stock. Back then, the stock was checking all of my boxes for a potential bullish trade. It was just starting to break out of a textbook “ascending triangle” consolidation pattern. The pullbacks … Continue reading “Why It’s Time to Sell Tesla Stock” The post Why It’s Time to Sell Tesla Stock appeared first on Stock Surge Daily.
It’s Monday, Daily Direction readers! That means it’s time to start another week of trading futures. One of the greatest ways to prepare for the trading week is to go over some of the crucial details that supports my strategy. One of the most common worries I hear from my students is the risk involved … The post Don’t Let Risk Knock You Out of the Market appeared first on Josh Daily Direction.
In Thursday’s issue of Stock Surge Daily, we talked a bit about the CBOE Volatility Index (VIX). The VIX is known as the market’s “fear gauge.” Without getting into the details of how it is calculated, what you need to know is that the VIX essentially tells you how fearful traders are about a drop … Continue reading “Bulls Back on Top as Market’s Fear Gauge Plummets” The post Bulls Back on Top as Market’s Fear Gauge Plummets appeared first on Stock Surge Daily.
It’s Friday, fellow traders! 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 give us opportunities to buy the market. And based on the current timeframe analysis, the NQ is now at a high price within … The post Which Way Should We Go With This Market? appeared first on Josh Daily Direction.
You know that stock you see making new highs? The one everyone is talking about… The one making everyone money… The one you’re eager to buy even though it’s already up several hundred percent. What if I told you there’s an 80% chance that it will get cut in HALF? That’s right – a 50% … Continue reading “The One Simple Rule to Remember Before You Chase a Rising Stock” The post The One Simple Rule to Remember Before You Chase a Rising Stock appeared first on Stock Surge Daily.
Happy Thursday, Daily Direction readers! Today we’re searching for opportunities to trade gold futures (GC)! We’re following our timeframe charts and looking for opportunities to buy the GC. The daily timeframe continues to move through the buy zone, indicating that the market is set to provide us long trade opportunities. The GC also broke the counter … The post Now’s the Time for You to Make This Trade appeared first on Josh Daily Direction.
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.
Good morning, traders! It’s Wednesday, and that means it’s time to talk about a fundamental aspect of trading. Today, I’m going to focus on the basic details surrounding futures contracts and how to trade them. Trading can be a lucrative profession. Traders and brokers move millions of dollars in liquidity every day. Along with stocks … The post Why These Market Fundamentals Are Worth Reviewing appeared first on Josh Daily Direction.
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.
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