Stock Surge Daily
This is What I Expect to See
Hey, Ross here: And let’s start the day with another actionable trading idea. Chart of the Day Talk about a fall from grace… After rallying 460% from May to August, the high-tech automotive finance company Upstart (UPST) fell 57% in a week! The stock was murdered – and the bloodbath is only worsening this week. […]
Ross’s New Watch List
Last Monday, as I do each and every Monday – I gave you three stocks I was watching for stock surge breakouts. Genco Shipping (GNK) made its move on Wednesday, triggering my entry price at $17.00. If you followed my advice, you are up 10.5% in three days and climbing. And the stock is up […]
How “Flip-Flop” Traders Profit from the Market’s Decline
Hey, Ross here: With markets falling after the Fed’s rate hike yesterday, it’s time to look at a short trade idea instead. Chart of the Day Earlier this month, CareDX Inc. (CDNA) got absolutely crushed. The stock fell 32% in a single session after a Medicare policy change appeared to indicate it would no longer […]
This is What I Expect
Hey, Ross here: More Fed officials opened their big mouths yesterday to yap about the need for higher-for-longer rates and even calling for more rate hikes – sending 10-year Treasury yields to levels last seen in 2007. Can’t someone put a lid on them already? Despite that, the Nasdaq still managed to close higher and […]
This Stock Defied the Market (+ the Truth About Bear Markets)
Hey, Ross here: Don’t be fooled by the dipping markets – check out this high-potential trade idea. Chart of the Day First things first – this is not Chase bank. Chase Corp (CCF) is a specialty chemical company that specializes in protective coatings. The chart looks similar to the setup I’m seeing in AMR – […]
Resistance Broken
Hey, Ross here: Welcome to a new trading week. It’s a bad time to be bearish… So let’s look at a chart that shows why that is the case. Chart of the Day The S&P 500 is on a six-week winning streak – and just broke through the 4,600 resistance mark to hit a new […]
The Price Action is Clear
Hey, Ross here: Welcome back from what I hope was a great 4th of July weekend for you. Now, let’s talk markets. The first half of the year is officially over. Here’s my review for the first half of 2023 – and where I see the market going next. Chart of the Day Those who […]
Profitable Surprises
Hey, Ross here: And let’s look at a positive sign for the markets today. Chart of the Day Take a look at what happened with the NASDAQ over the past three days. First, it closed sharply below its 21-day moving average – even flirting with going below the 50-day moving average. Then, yesterday, after a […]
This Rally is Blazing Hot
Hey, Ross here: With inflation coming in below expectations, the market is making a BIG move up… And as the Chart of the Day shows, it has fantastic implications for us. Chart of the Day Yesterday’s big upward move in the S&P 500 catapulted the index over the downward trendline of progressively lower highs – […]
How to Use Big Down Days to Your Advantage
Hey friend, After a tough week in the markets, let’s see how they’ve been moving. The Daily Direction The Daily Nugget Big down days are a chance for you to observe your emotions to see how you REALLY feel. Managing our emotions in trading is critical. Yet it’s also something that’s much easier said than […]
3 Stocks I’m Watching
Every Monday, I publish my personal watchlist for your daily dose of Stock Surge Daily.And today is no different.Here are the 3 stocks I’m watching for huge surges that I expect to see climb higher: Genco Shipping (GNK) GNK Price Today by TradingView Genco Shipping & Trading is in the dry bulk shipping business. This […]
How to Survive This Bumpy Ride
Hey, Ross here: Markets are still digesting the Fed’s latest decision – and based on yesterday’s price action, it looks like a case of indigestion. When trying to see where the market will go next, one important chart to pay attention to is the 10-year Treasury yield – which just “gapped up”. Chart of the […]
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