Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Video Update: How to Trade Stock Breakouts
This video breaks down how to analyze a base, what to look for on a breakout and why volume is the secret to spotting a strong move. The post Video Update: How to Trade Stock Breakouts appeared first on Stock Surge Daily.
How to Set Trading Goals for Yourself
Setting goals is absolutely crucial when trading the markets. Because doing so can help you plan a course of action that you’ll need into order to realize those goals. How should you develop a trading goal to begin with, you ask? Well, there’s no one strict way of doing it, of course. It’s a personal … The post How to Set Trading Goals for Yourself appeared first on Josh Daily Direction.
Is This the Next Destination for the Market?
As traders, it’s important to remember that we cannot control the market. The market has a mind of its own, and it’s never going to do exactly what we expect it to. The only thing we can really do is go with the flow of what we’re seeing and react to it as best as … The post Is This the Next Destination for the Market? appeared first on Stock Surge Daily.
Russell 2000 Hits Key Fibonacci Level
Regular readers know that one of the main technical analysis tools we use to track the market is the Fibonacci extension. Our research shows that markets often interact with these levels over time, so we always try to take them into account when making decisions on direction. Well, this week, the Russell 2000 (RTY) futures … The post Russell 2000 Hits Key Fibonacci Level appeared first on Josh Daily Direction.
Double Down or Double Trouble?
Today, we’re going to continue our ongoing chart pattern series with a pattern we’d all like to see take place in the broad market… Yes, I’m talking about a bottoming pattern that could tell us when the market will finally turn back to the upside. Of course, there are no guarantees in technical analysis or … The post Double Down or Double Trouble? appeared first on Stock Surge Daily.
How We Plan to Sell an NQ Rally
Last week’s 4.7% decline in the Nasdaq 100 (NQ) futures market brought the index right back down to its June lows. The market is clearly still stuck in a down trend, but this is an area where support could be found. And if we do see a rally in the NQ from here, we’ll be … The post How We Plan to Sell an NQ Rally appeared first on Josh Daily Direction.
Watchlist Update: These Broken Leaders Have Lots of Room to Fall
Well, it was another brutal week for the stock market. As of Friday morning, the Nasdaq 100 Index was off by 4.6%. And that’s on top of a 5.8% decline the week before. To put this selloff into perspective, here is a heatmap of the last 30 days… There just aren’t many stocks worth buying … The post Watchlist Update: These Broken Leaders Have Lots of Room to Fall appeared first on Stock Surge Daily.
Here’s How a Pro Finds the Market Direction
It’s tough to uncover profitable opportunities in a market without a defined direction. And that is why finding market patterns is one of the most crucial aspects in developing a good trading strategy. While markets differ, the facts that underpin market trends are universal. We’ll have the best chance of making a winning trade if … The post Here’s How a Pro Finds the Market Direction appeared first on Josh Daily Direction.
BTC on the Verge of a Breakdown?
The BTC futures (BTC) market saw a nice pop earlier this month, gaining over 18% in just two days. However, all of those gains have now been erased, and BTC is back at its lows of the year. This fits with our analysis, as we continue to expect the market to sell off. However, when … The post BTC on the Verge of a Breakdown? appeared first on Josh Daily Direction.
Why High Prices Are Here to Stay
Prices are up for just about everything. But don’t expect them to come back down. At best, this is the new normal. The New Normal Of course, prices for some things will come down… Used cars, for example. At one point during the pandemic, used cars were selling for as much or more than new … The post Why High Prices Are Here to Stay appeared first on Stock Surge Daily.
Looking for Lower Prices in ES
Yesterday, the Federal Reserve raised its target rate range by another 0.75%… This was the third rate hike of this magnitude this year, and it looks like rates will continue to rise until inflation is under control. This tightening of monetary policy is hitting the markets hard again this week, and that’s keeping the S&P … The post Looking for Lower Prices in ES appeared first on Josh Daily Direction.
Video Update: Looking for New Lows in the Market?
After a crippling CPI report and with an aggressive Fed, investors are dumping stocks, and it looks like we are headed for new lows. The post Video Update: Looking for New Lows in the Market? appeared first on Stock Surge Daily.
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