Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Crude Oil Trade Idea Moving Along As Planned
US crude oil is down hard today in both the crude oil futures contract market (CL) and cash market. However, our bullish trade idea from last week is still in play despite today’s bear move. We noted that the market was moving from a high price towards a low price near the down Fibonacci extension. … The post Crude Oil Trade Idea Moving Along As Planned appeared first on Josh Daily Direction.
Watchlist Update: Don’t Let Some Selling Surprise You
Stocks began to stall last week with somewhat choppy action in the major indexes. This is not a surprise. I pointed out last week that the S&P 500, represented by the SPDR S&P 500 ETF Trust (SPY) below, is right at the 200-day moving average. This is an area where we could easily see a … The post Watchlist Update: Don’t Let Some Selling Surprise You appeared first on Stock Surge Daily.
Looking for an Entry in Crude Oil
US crude oil is one of the most crucial markets right now… It was in a big bullish market for a long while and traded to over $130 a barrel earlier this year. But since then, it has pulled back substantially. Will this continue and when might a good entry level be found? Let’s find … The post Looking for an Entry in Crude Oil appeared first on Josh Daily Direction.
What’s Next for BTC After Today’s Big Drop?
The digital currency market continues to grab trader and investor interest, despite the market price challenges of the day. We continue to follow the market for BTC via the BTC futures contract market (BTC) despite still being out of the market for now. But we can’t forget about this important market given the potential opportunities … The post What’s Next for BTC After Today’s Big Drop? appeared first on Josh Daily Direction.
You Are Investing in a Ponzi Scheme
Over 87 years ago, Franklin D. Roosevelt screwed us all. Without knowing it, he built the greatest Ponzi scheme in the history of the world. The post You Are Investing in a Ponzi Scheme appeared first on Stock Surge Daily.
Benchmark Index Still In a Long-Term Downtrend?
Stock markets continue to move between their sell and buy zones, which is creating opportunities for traders. But the mega benchmark S&P 500 Index and its futures contract (ES) is currently at a key level and waiting to either break down into the sell zone or break out into the buy zone. There has been … The post Benchmark Index Still In a Long-Term Downtrend? appeared first on Josh Daily Direction.
Video Update: How to Day Trade Stocks with Minimal Risk
In today’s nine-minute video, I’ll walk you through a trade in Neurocrine Biosciences (NBIX) and explain how to risk as little as possible. The post Video Update: How to Day Trade Stocks with Minimal Risk appeared first on Stock Surge Daily.
Turnaround Time for Small Cap Stocks?
Stocks are still somewhat unsettled, and performance has been mixed so far this week. But in particular, I’ve been watching the developments in small cap stocks, which have now broken out into the buy zone. The market to keep an eye on is the Russell 2000 Index futures contract (RTY). So, let’s check in on … The post Turnaround Time for Small Cap Stocks? appeared first on Josh Daily Direction.
The Market’s Next Big Test is Just Around the Corner
On July 22, I made the call that the market low was in, and I gave you three big reasons to support that claim. If you need a refresher, you can review that article right here. Well, since the close that day, the S&P 500 has jumped as much as 9.2%. The Nasdaq 100 has … The post The Market’s Next Big Test is Just Around the Corner appeared first on Stock Surge Daily.
Big Tech Breaking into the Buy Zone?
Stocks are still somewhat unsettled, and performance has been mixed so far this week. But technology is actually getting some renewed buying interest… In turn, the big tech market as tracked by the Nasdaq 100 Index futures (NQ) is now breaking into the buy zone. So, let’s check in on our current analysis on this … The post Big Tech Breaking into the Buy Zone? appeared first on Josh Daily Direction.
The Other Side of the Head and Shoulders Pattern
A week ago, we talked about the “head and shoulders” pattern. This is a fairly popular trading pattern that is defined by a left shoulder, a head and a right shoulder, which are all tied together by the neckline. We explained that the head and shoulders (H&S) can be either a continuation pattern or a … The post The Other Side of the Head and Shoulders Pattern appeared first on Stock Surge Daily.
Checking In On The Crude Oil Market
The market for US crude oil futures (CL) has been gyrating quite a bit over the past days and weeks. That makes now a good time to check in on this market and see if we can find a direction. Today, the market is trading off by a good margin… And there could be further … The post Checking In On The Crude Oil Market appeared first on Josh Daily Direction.
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