Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
BTC Shows a Pattern of Bear Flag Breakdowns
Last week, we talked about how to identify and trade a “flag” pattern. But because a flag is really just another way to describe a consolidation range, they can take many different shapes and sizes. And just like a “bull flag” can lead to a bullish breakout, a “bear flag” can also lead to a … The post BTC Shows a Pattern of Bear Flag Breakdowns appeared first on Stock Surge Daily.
Taking a Short Term View on NQ
The Nasdaq 100 Index (NQ) futures contract tried its best to break into the daily buy zone earlier this month. At first, it looked like the bulls were taking over, but the downturn of the past two weeks has put it back in the sell zone again. With the market breaking bearish, it is now … The post Taking a Short Term View on NQ appeared first on Josh Daily Direction.
Watchlist Update: Three Stocks for a Rising Rate Market
Stocks sold off hard on Friday after Federal Reserve Chairman Jerome Powell made remarks about taking aggressive action on interest rates. He was clearly setting the tone for a 75-basis-point (0.75%) rate hike at the next meeting, which the market was obviously not anticipating. Even though we expected this pullback from the 200-day moving average, … The post Watchlist Update: Three Stocks for a Rising Rate Market appeared first on Stock Surge Daily.
One More Drop for Crude Before the Turn?
We’ve been following crude oil as one of the more impressive markets both recently as well as over the long term. And our long term analysis shows that it is still in an uptrend despite the recent decline. But for those seeking new positions, be patient because the market could be getting closer to a … The post One More Drop for Crude Before the Turn? appeared first on Josh Daily Direction.
Here’s Where BTC Could Bottom
The market still shows BTC, the world’s leading digital currency futures market, in a long term bullish uptrend. And that’s good for those who have invested in the digital currency. But for those on the sidelines – traders like us – we’re seeing better trading positions by being patient and waiting for a better entry … The post Here’s Where BTC Could Bottom appeared first on Josh Daily Direction.
Why Weekly Options Are the Best Way to Trade a Wild Market
Trying to forecast where stocks will go next is a coin toss at best. So, what’s the solution? Weekly options. The post Why Weekly Options Are the Best Way to Trade a Wild Market appeared first on Stock Surge Daily.
S&P 500 Index on the Verge of Another Drop?
We’ve been looking for a potential bullish turnaround in the benchmark S&P 500 (ES) futures market lately… But it is still trading within its longer term bearish trend. The market just got rejected at the long term down trend line and has broken the short term counter trend line bearish. Now, we’re just looking for … The post S&P 500 Index on the Verge of Another Drop? appeared first on Josh Daily Direction.
Video Update: Why Stocks Move Together… And a Few of My Favorites Right Now
In today’s video, I’ll explain how to increase your trading performance by focusing your efforts only on the leading sectors and stocks. The post Video Update: Why Stocks Move Together… And a Few of My Favorites Right Now appeared first on Stock Surge Daily.
Two Paths for Small Cap Stocks
The small cap stocks as tracked by the Russell 2000 Index traded firmly into the buy zone over the past few weeks. However, it is now at risk of falling back into the sell zone… This sets up a decision whether to trade into a long position or look for selling ideas at the right … The post Two Paths for Small Cap Stocks appeared first on Josh Daily Direction.
Here’s Why BTC Could Drop Another 50%
After last week’s big drop, Bitcoin is up just 22% from its recent low, which doesn’t show much strength by the bulls. The post Here’s Why BTC Could Drop Another 50% appeared first on Stock Surge Daily.
Big Tech Set for Bullish Turn or Big Drop?
Big tech stocks continue to garner trader attention, particularly those in the primary Nasdaq 100 (NQ) futures index. Our research shows upside, but the market is currently right on the down trend line. If the trend line holds, there could be more upside in store. If not, a drop back to the up trend line … The post Big Tech Set for Bullish Turn or Big Drop? appeared first on Josh Daily Direction.
How to Capture the Flag Breakout
Over the last couple of weeks, we’ve looked at the “head and shoulders” pattern from all angles. We saw that the pattern can be either bullish or bearish and can act as either a continuation or reversal pattern. You’ve also heard me talk about the “high-tight flag” and the “cup-with-handle,” which are some of my … The post How to Capture the Flag Breakout appeared first on Stock Surge Daily.
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