Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Hey, Ross here: Welcome to a new trading week. Let’s start with more evidence for this bull market. Chart of the Day This is the NASDAQ demonstrating a bullish price action called an “upside reversal”. Just like the S&P 500, the NASDAQ gapped down (opened lower) below its 200-day moving average on Thursday – but […]
Yesterday I talked about how to follow the Trump playbook and take advantage of earnings season overreactions. Today, let’s look at one big potential source of these overreaction opportunities.
Hey friend, Ross here. After last week's subdued market response to the CPI report, many might overlook the subtle, yet steady gains we're seeing. Here’s the thing about the market: it moves at two speeds—gradually, then suddenly. That sudden leap is where many traders find themselves off-guard...
Hey friend, The latest Producer Price Index data just came in this morning. It was down compared to last month – but still slightly higher than expectations...
Hey, Ross here: Welcome back to a new trading week. Most of the time, whenever Fed Chair Powell flaps his lips – the markets dump. Last Friday, during his...
Hey friend, Markets have been down to start the quarter so far. A pullback – which is actually overdue – could be here. So let’s see how that has influenced...
It’s Ross Givens here, with Chart of the Day. Entering 2024 with the wind at our backs. As history echoes this year's double-digit market surge in the final two months, optimism prevails. Brace for a January and first-quarter boom, setting the stage for a promising year ahead. In my journey to...
Good Morning, Daily Direction readers! It’s Thursday, so that means it’s time for another look at a critical component of my futures trading strategy. If you’ve been following my trades, you’ll know that I base my futures trading decisions mainly on timeframe charts. Today, I want to teach you what indicators and setups I use when … The post Charting Your Way to Better Trades appeared first on Josh Daily Direction.
Hey friend, There’s nothing on the economic calendar today. But tomorrow, we get the big one – the Consumer Price Index data, which will definitely influence...
The latest Core PCE data came in just below consensus, signaling that the Fed may continue focusing on economic growth rather than battling inflation. Markets initially reacted with gains but pulled back as the day progressed. Wall Street legend Bob Farrell once said, “A bubble is a bull market in...
Hey, Ross here! Last Wednesday, the Fed slashed rates by 0.50%, yet the 10-year Treasury yield shot up and has been rising almost every day since. Stocks are also climbing, despite typically moving opposite to Treasury yields. What's driving this? I believe it's the market's expectation of a “soft...
Good Morning, Traders! We’re back to business after a much-needed holiday weekend! The markets are open, and it’s time to look at how the futures markets will move this week. I recently sent out a video I made just for you, my loyal readers. In it, I discuss the biggest futures markets and what we … The post Did you miss my latest video? appeared first on Josh Daily Direction.
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