Stock Surge Daily
Watchlist Week of August 8th, 2022
Krystal Biotech, Inc. (Long Idea) Again, biotech stocks are showing a lot of strength right now. Last week, I introduced you to Ionis Pharmaceuticals, Inc. (IONS), which broke out and climbed 16% in just two days. Krystal Biotech, Inc. (KRYS) is another biotech stock setting up in a similar pattern. KRYS has formed a base … The post Watchlist Week of August 8th, 2022 appeared first on Stock Surge Daily.
The Real Thing or Just a “Bull Trap”?
Stocks are picking up August where July left off, as the markets are rallying further this week. Technology stocks are leading the way higher, with the Nasdaq 100 jumping 2.8%, the S&P 500 up 0.5% and the Russell 2000 higher by 1.3%. Some of this may have to do with the decline in the price … The post The Real Thing or Just a “Bull Trap”? appeared first on Stock Surge Daily.
Here’s Why Coinbase Stock Rallied on Wednesday and BTC Didn’t
Shares of Coinbase Global, Inc. (COIN), the digital currency exchange platform, rallied over 20% on Wednesday. Since the all-time low on May 12, the stock has nearly doubled. However, the prices of major digital currencies are up much less in recent months. BTC futures, for example, actually declined yesterday and are up just 24% from … The post Here’s Why Coinbase Stock Rallied on Wednesday and BTC Didn’t appeared first on Stock Surge Daily.
What Do All Great Trades Have in Common?
The easiest trades to manage are the ones that work immediately. After all, if your position is always in the green, there’s no panic. You’re not stressed. And your account balance is growing. But how do you know whether to sell or hold on to what could be a big winner? As always, nothing is … The post What Do All Great Trades Have in Common? appeared first on Stock Surge Daily.
Video Update: Here’s Where I’m Focusing My Attention This Week
Today, we’re going to try something new that I think you’ll really enjoy. I’ve just published a video update in which I reviewed the areas of the market where I’m seeing the most strength and weakness. I covered the stocks we want to be focused on right now and those that we want to avoid … The post Video Update: Here’s Where I’m Focusing My Attention This Week appeared first on Stock Surge Daily.
Watchlist Update: The Start of a New Bull Market?
The stock market continued to power higher last week. We saw back-to-back, high-volume advances on Wednesday and Thursday, which is a good sign that investors are starting to pile back into stocks. On Wednesday, the Federal Reserve raised the target range for the fed funds rate by another 0.75%. The fact that stocks were able … The post Watchlist Update: The Start of a New Bull Market? appeared first on Stock Surge Daily.
Watchlist Week of August 1st, 2022
Ionis Pharmaceuticals, Inc. (Long Idea) Ionis Pharmaceuticals, Inc. (IONS) is one of many biotech stocks showing signs of a potential breakout move higher. The stock was in a nasty downtrend from 2019 to the beginning of this year when it rallied above its 200-day moving average. The chart has shallowed out nicely over the last … The post Watchlist Week of August 1st, 2022 appeared first on Stock Surge Daily.
I Hope You’re Not Holding Any of These Stocks
If you’ve been reading my work for a while now, you know that I like to “date” stocks. I’m not looking to marry them… Okay… I admit the joke was funnier as a bachelor. Last year, I married my wife, Meghann, and we just welcomed a new baby into the world last weekend. And I’m … The post I Hope You’re Not Holding Any of These Stocks appeared first on Stock Surge Daily.
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 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.
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