Hey, Ross here:
As corporate earnings kick off, check out your actionable trade idea of the day.
Chart of the Day
ONON is the maker of the popular OnCloud running shoes.
The company has experienced tremendous growth over the last few years. I even see it here. They’re on the feet of every soccer mom in town.
Last month’s earnings report blew away expectations and shares advanced almost 50% in a week.
Since then, pullbacks have been minimal.
This is a recent IPO, and it is quickly becoming a true market leader.
The stock is currently trading near $32 – and I believe it’s buyable here.
P.S. Would you like special trade prospects and potential market moves sent directly to your phone? Text the word ross to 74121.
Insight of the Day
By the time the true market reality hits – you’ve already missed out.
Ever since the market started rallying this year, the pessimists have been crying that this was a fake rally and that corporate earnings will show the reality of the situation.
Well, earnings season has just begun – and so far, it’s leaving the pessimists with egg on their face.
Imagine being a pessimist seeing this and finally trying to jump in now.
Yes, there are still gains to be had – but you would already have missed out.
That’s why it’s so critical to be able to read what the price action is telling you – instead of waiting for the news to confirm it. By the time the “confirmation” comes, it’s probably already too late.
Of course, interpreting price action accurately is easier said than done. In fact, in many ways it’s the main skill of trading.
That’s why I’m showing you how to use price action to spot the tell-tale signs that institutional money could be about to send a stock surging.
It’s one of my top strategies (and for good reason). So click here to read more about it – and see how you can also get a massive discount.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
