Stock Surge Daily
Act Before This Happens (Plus a Breakout Stock)
Hey, Ross here: And let’s start off Wednesday with a trade idea that’s already bearing fruit. Chart of the Day Micron (MU) is a semiconductor stock riding some of the momentum from last week’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of […]
There’s More to Following Trends Than You Think
Hey, Ross here: Let’s start this Tuesday in the best way possible – with an actionable trade idea. Chart of the Day DraftKings is breaking out of a clean base in the beginning of a new Stage 2 uptrend. The stock is up 13% this week but running into longer term resistance. It is clear […]
Good Riddance (and Get Ready)
Hey, Ross here: Today is the last trading day for the month and the quarter. The third-quarter of the year has traditionally been a weak one for the markets, with September being even worse (check out the Chart of the Day). So all I have to say is – good riddance. Chart of the Day […]
Why Yesterday’s Dip = Opportunity
Hey, Ross here: Yes, the market bounce took a brief pause yesterday on the back of the slightly higher than expected inflation printout. But I believe the market bounce thesis still holds – and today’s chart explains why. Chart of the Day This is the Fear & Greed Index presented in chart form. And as […]
Was the 2023 Bull Market Fake News?
Hey, Ross here: Welcome to the start of October and the fourth quarter of the year. With nine full months behind us, it’s time to lift up the hood and look at what’s really happened in the 2023 “bull market”. Chart of the Day This chart says it all. The vast majority of the gains […]
Ready for a December Small-Cap Surge?
Hey, Ross here: For a new bull market to happen, I believe we need to see one shift happen first. The good news is – it may already be happening. Chart of the Day The small-cap Russell 2000 index has been range bound for 18 months now – completely missing out on this year’s rally. […]
This is Great News for the 2024 Market
It’s Ross Givens here, with Chart of the Day. Entering 2024 with the wind at our backs. As history echoes this year’s double-digit market surge in the final two months, optimism prevails. Brace for a January and first-quarter boom, setting the stage for a promising year ahead. In my journey to navigate these gains, join me in unlocking the potential for a prosperous 2024. Together, let’s seize the opportunities ahead and make the most of the abundant gains on the horizon.
The Winning Stock Formula
Hey, Ross here: As we start a new trading week, let’s look at how the market moved last week – and my plan moving forward. Chart of the Day Last week was one of the strongest weeks for stocks I can remember. The indexes performed very well. The Nasdaq gained roughly 4% and the S&P […]
Foundations for the Next Bull Market?
Hey, Ross here: The rally continues. And while the speed of the rally has been relatively muted – beneath the surface, the foundation for a sustained upward move is building. Chart of the Day For the rally to lead to a new bull market, we need breadth – aka greater market participation. It can’t just […]
Wake Up
Hey, Ross here: And let’s start off with yet another actionable trade idea. Chart of the Day Biotech stocks can make huge moves, and this one is no exception. TGTX more than doubled in a month and is showing no signs of slowing down. Slower-trending, blue chip stocks tend to ride their 50-day moving average […]
Impending Breakout Alert
Hey, Ross here: As the rally continues, let’s look at a chart that shows why small-cap stocks could be about to break out strongly… What needs to happen first – and why this matters for you. Chart of the Day This is the small-cap Russell 2000 index. Two head-and-shoulder patterns to notice here. The first […]
Contrarian Gains
Hey, Ross here: Let’s kick off the middle of the trading week with yet another actionable trading idea. Chart of the Day This is Cardlytics (CDLX) carving out a bottom over a period of 6-12 months, breaking through resistance (white horizontal line on chart) on high volume, and then doubling in short order. CDLX is […]
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