Some investors call it a “consolidation area.” Others call it a “trading range.” But William O’Neil, investment pioneer and founder of Investor’s Business Daily, called it a “base.” You’ll probably hear me use that term more often than not, but these terms are largely interchangeable. Whatever you call it, these terms all refer to a … The post Why Big Bases Lead to Big Breakouts appeared first on Stock Surge Daily.
A week ago, market bulls were still reeling from a sharp Black Friday selloff that took the S&P 500 down 2.3%. Over the following three sessions, the index saw two more relatively big drops of 1.9% and 1.2%. Traders panicked… The S&P 500 Volatility Index (VIX) spiked over the 35 level, the highest reading since … The post Bears In Hibernation as Bulls Fight Back appeared first on Stock Surge Daily.
Using moving averages is a key part of my stock strategy. I’ll tell you why in a moment… But first, let’s cover the basics. A moving average (MA) is a stock indicator that is available on almost every charting platform. It is a dynamic line that plots the average price of a security over a … The post Why You Need to Watch the 200-Day Moving Average appeared first on Stock Surge Daily.
If you’ve been a Stock Surge Daily reader for a while, you’ve probably heard me talk about Richard Wyckoff. Wyckoff first laid out his buy-and-sell stock cycle in the 1920s. It is as relevant today as it was then – if not more so. I’ll tell you why that is in a moment, but here … The post How to Become an Alpha Trader with this Timeless Stock Strategy appeared first on Stock Surge Daily.
Let’s talk about the “metaverse.” By now, you’ve heard me throw the word around here and there. But my guess is that many readers still aren’t quite sure exactly what it is. Even if you do, I want to provide my take on it in today’s article. Basically, the metaverse is a network of real-time … The post How the Metaverse is Creating a $30 Trillion Market appeared first on Stock Surge Daily.
The “FAANG” stocks — Meta Platforms (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Alphabet (GOOGL) — are getting taken to the woodshed lately. While that acronym may need an update once Facebook parent company Meta Platforms eventually changes to its new ticker symbol MVRS, that’s beside the point… In just two weeks, this cohort … The post Has the Underground Correction Run Its Course? appeared first on Stock Surge Daily.
Permian Basin Royalty Trust The Permian Basin Royalty Trust (PBT) is a small-cap ($415 million) oil trust that receives ongoing royalty interests from oil- and gas-producing properties in Texas. Here’s how the chart is setting up: And here’s how the stock is setting up with my Stock Surge Indicator (SSI): Surge score: 99/100 % Above … The post Watchlist Week of Dec 6th, 2021 appeared first on Stock Surge Daily.
The bears are always worried about something it seems… First, it was inflation and rising interest rates. Then, it was earnings season. And to end the Thanksgiving holiday week, there was a new boogie man on Wall Street… A new variant of the coronavirus spooked traders who sent the S&P 500 index down 2.3% on … The post Watchlist Update: Three Stocks Set Up for Breakouts in a Weak Market appeared first on Stock Surge Daily.
It’s been a while since we talked about “meme stocks.” And while it used to be the “Mother of all Meme Stocks,” AMC Entertainment Holdings, Inc. (AMC) has fallen out of the news lately. Are the Reddit traders finally calling it quits and giving up on this stock? I’m not sure, but I certainly am. … The post Why These Meme Stocks Are Starting to Diverge appeared first on Stock Surge Daily.
When it comes to trading the crude oil markets, I generally bow to my colleague Anthony Speciale. He’s the master at trading crude. And he has years of six-figure profits to prove it. But one thing I do know is how NOT to trade crude… at least on a long-term basis. This mistake cost me … The post How NOT to Trade Crude Oil appeared first on Stock Surge Daily.
It happens every year… But almost no one notices. Like clockwork, a small handful of stocks tend to make huge gains in January. And investors who know what to look for can scoop up big profits to kick off the year. So, why do most people miss these big moves? Well, it’s pretty simple… Not … The post How to Make Big Returns in January appeared first on Stock Surge Daily.
Cyclical stocks ebb and flow with the overall economy. When the economy is booming, cyclical stocks tend to perform well. And when the economy is turning down, cyclical stocks tend to underperform. Think companies that focus on luxury goods, travel companies or appliance manufacturers. These are all things that folks spend more on when times … The post These Two “Death Stocks” Are Some of the Safest Bets in the Market appeared first on Stock Surge Daily.
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