Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
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.
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.
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.
This Week’s Big Idea for Crude Oil
The crude oil (CL) futures market is down this afternoon, but that may be setting up a great entry point for a long idea. For a while, we were sitting out of the CL market as the price had rallied to the point that the risk was outweighing the reward. However, CL has since consolidated … The post This Week’s Big Idea for Crude Oil appeared first on Josh Daily Direction.
How BTC Fanatic Michael Saylor is Trying to Dig Himself Out of a Hole
Back in April, I explained that I am always shocked by the trust investors put in awful money managers like ARK Invest CEO Cathie Wood. As you’ll recall, Wood manages the ARK Innovation ETF (ARKK). When that article was published, the growth-oriented fund was down 70% from last year’s high and trading around $47 per … The post How BTC Fanatic Michael Saylor is Trying to Dig Himself Out of a Hole appeared first on Stock Surge Daily.
The Definitive Index for Next Level Market Moves
The S&P 500 Index is considered the definitive index for the US stock market. This is why we keep a keen eye on the index and its futures contract (ES). And right now, we are seeing the potential for a bullish performance for this market leading index. So, let’s take a look at capitalizing on … The post The Definitive Index for Next Level Market Moves appeared first on Josh Daily Direction.
How to Spot Sector Rotation Before the Next Big Move
In Monday’s Watchlist Update, I explained that the new leaders of the current market environment seem to be biotechnology companies. Chemical, shipping and energy stocks had their run earlier this year, but as time went on, investors started to look for the next hot sector. This is sometimes called a “ sector rotation,” and it … The post How to Spot Sector Rotation Before the Next Big Move appeared first on Stock Surge Daily.
Looking at Small Stocks for Big Trading Gains
Sometimes, big things come in small packages… That’s especially true for small stocks, which can provide big trade opportunities. And today, I’m going to showcase how the big index for small stocks in the Russell 2000 Index (RTY) is setting up for some great trading opportunities. Let’s take a look at capitalizing on what we … The post Looking at Small Stocks for Big Trading Gains appeared first on Josh Daily Direction.
Why BTC Has Further to Fall
More trouble is brewing in the world of digital currencies… The rout in the digital asset market has been happening for a while, but we are now starting to see how plunging coin prices are affecting real companies in the space. After suffering big losses in various coins, digital asset hedge fund Three Arrows Capital … The post Why BTC Has Further to Fall appeared first on Stock Surge Daily.
Is Tech Setting Up for a Long Idea
Traders continue to follow technology stocks as a prime indicator of the potential direction changes in the general stock market. And one of the prime indexes for leading tech stocks is found in the Nasdaq 100 Index and its futures contract (NQ). We continue to monitor and analyze the markets and see the potential for … The post Is Tech Setting Up for a Long Idea appeared first on Josh Daily Direction.
Watchlist Update: Certain Stocks Starting to Show Promise
It is vitally important to watch which stocks are making highs when the market is making lows. This is usually the next group of market leaders that can advance several hundred percent once the next bull market begins. Chemical, shipping and energy stocks were the clear leaders in 2022. But their reign quickly came to … The post Watchlist Update: Certain Stocks Starting to Show Promise appeared first on Stock Surge Daily.
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