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Shares of Coinbase Global, Inc. (COIN), the digital currency exchange platform, rallied over 20% on Wednesday. Since the all-time low on May 12, the stock has nearly doubled. However, the prices of major digital currencies are up much less in recent months. BTC futures, for example, actually declined yesterday and are up just 24% from …
The post Here’s Why Coinbase Stock Rallied on Wednesday and BTC Didn’t appeared first on Stock Surge Daily.
The stock market continues to fluctuate on a day by day basis… This includes the smaller cap stocks of the Russell 2000 Index (RTY) futures market, which is the subject of my latest TradingView idea. The market is currently at an area of strong resistance, which could push the RTY lower again. But the bulls …
The post Small Cap Woes Unless Bulls Take Control appeared first on Josh Daily Direction.
It’s been a while since we last looked at the technology-heavy Nasdaq 100 Index (NQ) futures market. The long term market direction remains to the upside, but the shorter term time frames are pointing lower. There is currently a short term up trend line on the daily time frame, which if broken could lead to …
The post What’s Tech Been Up To Lately? appeared first on Josh Daily Direction.
Ionis Pharmaceuticals, Inc. (Long Idea) Ionis Pharmaceuticals, Inc. (IONS) is one of many biotech stocks showing signs of a potential breakout move higher. The stock was in a nasty downtrend from 2019 to the beginning of this year when it rallied above its 200-day moving average. The chart has shallowed out nicely over the last …
The post Watchlist Week of August 1st, 2022 appeared first on Stock Surge Daily.
The stock market continued to power higher last week. We saw back-to-back, high-volume advances on Wednesday and Thursday, which is a good sign that investors are starting to pile back into stocks. On Wednesday, the Federal Reserve raised the target range for the fed funds rate by another 0.75%. The fact that stocks were able …
The post Watchlist Update: The Start of a New Bull Market? appeared first on Stock Surge Daily.
Forget the Magnificent 7 – these 3 stocks are poised for HUGE moves in the next leg of the AI boom. Wall Street veteran Ross Givens just revealed the details…
Where is the S&P 500 Heading Next?
Every trader is eyeing the big benchmark stock index for guidance on the direction of the overall market. After all, the companies that make up the S&P 500 index futures market (ES) include many of the world’s leading businesses. The index has made a bullish move lately, but there are some key levels we need …
The post Where is the S&P 500 Heading Next? appeared first on Josh Daily Direction.