Stock Surge Daily
Retreating Leadership
Hey, Ross here: Welcome to the start of a new trading week. Let’s review what happened last week – and where I see the market going from here. Chart of the Day Leadership is retreating… As I often talk about, every bull market has a “theme” – a specific sector or group of stocks that […]
Pick Your Targets Carefully
Hey, Ross here: The rally took a quick pause yesterday… So let’s explore what this could mean in the Chart of the Day. Chart of the Day The rally has hit the resistance point for both the S&P 500 (above) and the Nasdaq (below). One reason for this is Powell once again opening his big […]
The Market’s “Profit Formula” is Now Clear
Hey, Ross here: It’s not just the trading week that’s behind us, but the month of May and the second quarter of 2023 to boot. With that in mind, let’s look at some evidence to counter the still-pervasive bear market narrative. Chart of the Day The above is a simple line chart of the S&P […]
Follow the Leader
Hey, Ross here: Things are playing out as I expected – and today’s chart just shows one more reason why. Chart of the Day This is the S&P 500 falling – and still staying – below its 200-day moving average (red line on chart). The 200-day moving average is a critical level as it not […]
Flushing Out the Bears
Hey, Ross here: And let’s start the day with another high potential trade idea. Chart of the Day Kingsoft Cloud Holdings (KC) provides services such as cloud storage and cloud computation services. It is the web cloud service of China, so to speak. The company has recently had a nice run in price where it […]
Rules of the Expectations Game
Hey, Ross here: And here’s an interesting chart that shows you just how fickle most retail traders are. Chart of the Day Essentially, retail investors’ stock holdings have actually gone back to below pre-pandemic levels as they quickly learned that stocks don’t only go up. That’s why the pros like to call them the “dumb money” in […]
What Did I Tell You? (And Another Breakout Opportunity)
Hey, Ross here: And let’s start Thursday with another fast and actionable trade idea. Chart of the Day InterDigital (IDCC) is another high-flier taking a pause to digest its recent surge. Investors loved the most recent earnings report and drove the stock up 28% in a week. The run happened on good volume with nice […]
If Only You Had Done This…
Hey, Ross here: Welcome to the start of another trading week. I’m going to open it with a saying that I believe everybody on earth loves to say – I told you so. Chart of the Day I have been pounding the table since March that this is a new bull market. Week after week […]
Is Your Identity Holding Back Your Trading?
Hey, Ross here: And here’s an interesting “ratio” chart (courtesy of All Star Charts) that cements my view that tech is where we should be looking for breakouts right now. Chart of the Day The chart above shows the ratio of the XLK – the Technology Select Sector SPDR Fund – to the S&P 500. […]
Why We’re Still in the Early Bull Market
Hey, Ross here: And here’s an actionable trade idea that’s already shown a profit. Chart of the Day Unity (U) looks really attractive to me. We talked about this stock in Thursday morning’s live War Room session, and I bought a few hundred shares at that time. Pull up a weekly chart of U and […]
The New Direction Will be Clear Soon
Hey, Ross here: As you know, markets have been range-bound for quite some time now. But as the Chart of the Day shows – it could all be resolved very soon. Chart of the Day The S&P 500 looks to be forming a classic pennant pattern – characterized by falling resistance and rising support. And […]
Too Good to be True? It Doesn’t Matter
Hey, Ross here: Another day, another dollar, and another actionable trade idea to start the official market open. Chart of the Day Yes. It is indeed another AI stock. Marvell (MRVL) is a leading semiconductor stock whose products are used heavily in artificial intelligence applications. The stock surged 40% in two days following a good […]
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