Ross Givens
Chief Market Strategist
Ross Givens is a veteran trader with over 15 years of experience and a former VP at a major Wall Street investment bank. Specializing in small-cap stocks and momentum-driven plays, Ross identifies high-probability setups before they hit the mainstream. As Lead Strategist at Traders Agency, he has guided hundreds of successful trades and developed multiple flagship publications.
Is This Metaverse Leader Setting Up for a Big Stealth Breakout?
Regular readers know that the metaverse is basically a virtual reality (VR) world where everything happens totally online. Just strap on a VR headset, log in and you can begin interacting with the metaverse from the comfort of your own couch. Now, not everyone is a fan of this idea, but I’m extremely bullish on … The post Is This Metaverse Leader Setting Up for a Big Stealth Breakout? appeared first on Stock Surge Daily.
In a Market Like This, Knowing What to Look For is Key
The S&P experienced a decent bounce of 2.6% last week. And since the recent bottom on June 17, the index has rallied as much as 10.3%. However, with the pullback we’ve seen over the past couple of sessions, the index is currently just 7.8% off its low. Some of that pullback may be in anticipation … The post In a Market Like This, Knowing What to Look For is Key appeared first on Stock Surge Daily.
Why This Rare Chart Pattern is Well Known for Producing Massive Gains
As regular readers know, a “high tight flag” is an extremely rare, bullish chart pattern. They typically form after an explosive move higher in a stock’s price. Specifically, when looking for a high tight flag pattern, you need to see a stock climb 100% or more in less than eight weeks. That’s one of the … The post Why This Rare Chart Pattern is Well Known for Producing Massive Gains appeared first on Stock Surge Daily.
Watchlist Update: Market Action Points to More Upside Ahead
I’m elated to announce that my wife gave birth to our daughter last Sunday. So far, she seems to be the good luck charm this market desperately needed. Last week, the S&P 500 saw two 90% up volume days, a valid follow-through day and a bullish break of the recent swing high. It also reclaimed … The post Watchlist Update: Market Action Points to More Upside Ahead appeared first on Stock Surge Daily.
Watchlist Week of July 25th, 2022
Enphase Energy, Inc. (Long Idea) I have been talking about the strength in solar stocks for several weeks now, and Enphase Energy, Inc. (ENPH) is one of my favorites. Surge score: 98/100 % Above 52-wk low: 93% Sales growth: +46% Return on Equity: 74% Triple momentum: yes The stock is completing a textbook breakout pattern, … The post Watchlist Week of July 25th, 2022 appeared first on Stock Surge Daily.
Three Reasons Why I’m Calling The Low In The Market
I explained on Wednesday that forming a bottom is not an overnight process. I still believe that to be the case. And even with the strong rally we’ve seen this week and this month, I doubt the bottom for the market is going to look like a clean, V-shaped reversal. But whatever the bottom may … The post Three Reasons Why I’m Calling The Low In The Market appeared first on Stock Surge Daily.
Here’s What Makes Weekly Options So Powerful
Even with the rebound we’ve seen in the major indexes over the past few weeks, the S&P 500 is still down nearly 18% since the start of the year. And as the markets have continued to drop, we’ve seen cash levels steadily rise among individual investors like us. According to the American Association of Individual … The post Here’s What Makes Weekly Options So Powerful appeared first on Stock Surge Daily.
Why The Market May Be Set for an Extended Consolidation
I mentioned in Monday’s Watchlist Update that I think the market is trying to form a bottom. This isn’t an overnight process, and it’s going to take some time before we know for sure that the bottom is in. However, it does seem that a few things have changed for the better in just the … The post Why The Market May Be Set for an Extended Consolidation appeared first on Stock Surge Daily.
The Wolf of Washington Strikes Again
If you’ve been looking to buy a new or used car lately, you know that supply is limited and demand is high in this market. And one of the main reasons for that is a lack of semiconductor chips. But it’s not just the car market… Really, anything that requires a semiconductor chip has seen … The post The Wolf of Washington Strikes Again appeared first on Stock Surge Daily.
Watchlist Update: Is Inflation Starting to Cool Down?
My wife is 39 ½ weeks pregnant, and our little girl could come any second… So, I’m writing this ahead of the opening bell on Friday to make sure I got this week’s Watchlist done early just in case. Now, after a strong week to start July, stocks retraced on light volume last week. In … The post Watchlist Update: Is Inflation Starting to Cool Down? appeared first on Stock Surge Daily.
How a Wave of Insider Buys Could Lead to the Next Big Sector Rally
You’ve heard me talk a lot recently about the strength in the biotechnology sector and why I’m looking for it to potentially lead the next bull rally. One reason for that is the price action I’m seeing in the overall sector… The SPDR S&P Biotech ETF (XBI), an exchange-traded fund tracking the biotech sector, is … The post How a Wave of Insider Buys Could Lead to the Next Big Sector Rally appeared first on Stock Surge Daily.
Why the 200-Day Moving Average Is So Important
The 200-day moving average… Its significance cannot be overstated. This is the “line in the sand” that establishes whether stocks are trending higher or lower. I’ve talked about this several times in past editions of Stock Surge Daily. I’ve told you that I don’t buy stocks that are trading below this level – not under … The post Why the 200-Day Moving Average Is So Important appeared first on Stock Surge Daily.
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