Stock Surge Daily
Overcorrection Opportunities (Plus a Profitable Trade Idea)
Hey, Ross here: And let’s begin the day with a trade idea that’s already profitable with strong legs remaining. Chart of the Day Aaron’s Holding Company (AAN) saw a tightening in a wedge formation after making a higher low and holding above our long term 200-day moving average. This is a sign of sellers and […]
This is Why I’m Excited…
Hey, Ross here: And here’s a chart that shows just why the current market rally is so exciting. Chart of the Day The chart above is for the Equal Weight S&P 500 ETF, which is an ETF that tracks the S&P 500 IF every company on there had equal weight – instead of being weighted […]
Breakouts… Breakouts Everywhere
Hey, Ross here: A new trading week is upon us – and I can feel it’s going to be a good one. I explain why below. Chart of the Day The market has finally broken above the level that we can see it has reacted off of multiple times in the past year. Everytime we […]
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 […]
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 […]
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 […]
Hidden Opportunities
Hey, Ross here: Hope y’all had a great Memorial Day weekend. It may be a shortened trading week this week, but that doesn’t mean there aren’t just as many juicy opportunities for us to target. I’ll share those starting tomorrow, but first – let’s look at a chart that gives us a small reason to […]
Use This Before It’s Too Late
Hey, Ross here: As we close out the trading week, let’s look at a chart that reminds us of just what’s possible when we get things right. Chart of the Day The chart above shows NVIDIA spiking by 25% and adding about $200 billion of market value in a single day thanks to blowout forward […]
Enough of This Nonsense
Hey, Ross here: And as the debt clown show in Washington continues, here’s a chart that shows why this is likely just a temporary anchor on the market. Chart of the Day The above chart – courtesy of the fine folks at All Star Charts – shows the relative performance of the S&P 500 compared […]
The Debt Ceiling Opportunity Everyone’s Missing
Hey, Ross here: And here’s yet another actionable trade idea to kick off the trading day. Chart of the Day The LionsGate movie company looks very appealing here. The stock has already doubled this year, and it looks like it wants to run further. This was a $20 stock two years ago, so there is […]
This is Just the Beginning
Hey, Ross here: And let’s start the day with an actionable trade idea. Chart of the Day Pacific Biosciences of California (PACB) is another great looking compression pattern forming below the $12.50 area. Notice how the pullback area has gotten very tight and trading has been contained to a narrow range over the last three […]
It’s Official – I’m Calling It
Hey, Ross here: And let’s start the trading week with more good news – the sign that a very real breakout in the S&P 500 is finally here. Chart of the Day At the end of last week, the S&P 500 made a new high for the year. If you’ve been paying attention to this […]
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