Stock Surge Daily
Watchlist Update: Market Action Points to More Upside Ahead
I’m elated to announce that my wife gave birth to our daughter last Sunday. So far, she seems to be the good luck charm this market desperately needed. Last week, the S&P 500 saw two 90% up volume days, a valid follow-through day and a bullish break of the recent swing high. It also reclaimed … The post Watchlist Update: Market Action Points to More Upside Ahead appeared first on Stock Surge Daily.
Three Reasons Why I’m Calling The Low In The Market
I explained on Wednesday that forming a bottom is not an overnight process. I still believe that to be the case. And even with the strong rally we’ve seen this week and this month, I doubt the bottom for the market is going to look like a clean, V-shaped reversal. But whatever the bottom may … The post Three Reasons Why I’m Calling The Low In The Market appeared first on Stock Surge Daily.
Here’s What Makes Weekly Options So Powerful
Even with the rebound we’ve seen in the major indexes over the past few weeks, the S&P 500 is still down nearly 18% since the start of the year. And as the markets have continued to drop, we’ve seen cash levels steadily rise among individual investors like us. According to the American Association of Individual … The post Here’s What Makes Weekly Options So Powerful appeared first on Stock Surge Daily.
Why The Market May Be Set for an Extended Consolidation
I mentioned in Monday’s Watchlist Update that I think the market is trying to form a bottom. This isn’t an overnight process, and it’s going to take some time before we know for sure that the bottom is in. However, it does seem that a few things have changed for the better in just the … The post Why The Market May Be Set for an Extended Consolidation appeared first on Stock Surge Daily.
The Wolf of Washington Strikes Again
If you’ve been looking to buy a new or used car lately, you know that supply is limited and demand is high in this market. And one of the main reasons for that is a lack of semiconductor chips. But it’s not just the car market… Really, anything that requires a semiconductor chip has seen … The post The Wolf of Washington Strikes Again appeared first on Stock Surge Daily.
Watchlist Update: Is Inflation Starting to Cool Down?
My wife is 39 ½ weeks pregnant, and our little girl could come any second… So, I’m writing this ahead of the opening bell on Friday to make sure I got this week’s Watchlist done early just in case. Now, after a strong week to start July, stocks retraced on light volume last week. In … The post Watchlist Update: Is Inflation Starting to Cool Down? appeared first on Stock Surge Daily.
How a Wave of Insider Buys Could Lead to the Next Big Sector Rally
You’ve heard me talk a lot recently about the strength in the biotechnology sector and why I’m looking for it to potentially lead the next bull rally. One reason for that is the price action I’m seeing in the overall sector… The SPDR S&P Biotech ETF (XBI), an exchange-traded fund tracking the biotech sector, is … The post How a Wave of Insider Buys Could Lead to the Next Big Sector Rally appeared first on Stock Surge Daily.
Why the 200-Day Moving Average Is So Important
The 200-day moving average… Its significance cannot be overstated. This is the “line in the sand” that establishes whether stocks are trending higher or lower. I’ve talked about this several times in past editions of Stock Surge Daily. I’ve told you that I don’t buy stocks that are trading below this level – not under … The post Why the 200-Day Moving Average Is So Important appeared first on Stock Surge Daily.
Is BTC About to Break Down… Again?
I’ve written several articles in recent months explaining why I think BTC – the world’s biggest digital currency by market capitalization – is set for a massive crash. Of course, the price is already down 71% from its all-time high, but that doesn’t mean it can’t fall further. In fact, what I’m seeing on the … The post Is BTC About to Break Down… Again? appeared first on Stock Surge Daily.
Why Insiders Are Making Big Bets on This Game Changing Drug Stock
I’m eager to share a new stock idea with you today, as it’s a great example of what I look for in my premium Insider Effect research service. We’ll get right to it, but I encourage you to read through the full article to see how you can get all the details of this trade … The post Why Insiders Are Making Big Bets on This Game Changing Drug Stock appeared first on Stock Surge Daily.
Watchlist Week of July 11th, 2022
Sierra Wireless, Inc. (Long Idea) Sierra Wireless, Inc. (SWIR) is a Canadian designer of wireless and embedded modules, gateways and routers. Computer networking stocks are not showing strength as a group, but SWIR has a Surge Score of 99/100. In other words, it is outperforming 99% of stocks. Earnings and sales were both up big … The post Watchlist Week of July 11th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Seeing Signs of Stealth Buys
As I write this on Friday morning, the Nasdaq is up roughly 2% for the week. The S&P 500 recorded four positive days in a row to start the week, and we are beginning to see signs of institutional buying. Thursday was an 88% up-volume day, meaning 88% of the volume was on the advance. … The post Watchlist Update: Seeing Signs of Stealth Buys appeared first on Stock Surge Daily.
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