Stock Surge Daily
7 Words for Successful Trading
Hey, Ross here: Let’s start the day with yet another actionable trading idea. Chart of the Day The second best sector over the last 30-days has been cybersecurity. Cybersecurity stock Vmware (VMW) is completing a 2-year cup and handle pattern that looks poised to breakout higher. Heavy buying volume, support at the 50-day moving average, […]
Back to the Long Side
Hey, Ross here: Hope you had a relaxing Labor Day weekend. Let’s jump right back into the trading week with another actionable trade idea.] This time, we’re going back to the long side. Chart of the Day Uranium, cybersecurity, oil & gas, biotechnology, and software stocks are currently the best performers. So, I want to […]
Support Levels Holding?
Hey, Ross here: Before we head off into the long Labor Day weekend, let’s look at a chart that adds to the evidence that we might see a second sustained rally soon. Chart of the Day The above chart shows the S&P 500’s August 2022 highs successfully acting as support in both June and August […]
No Defensiveness Detected
Hey, Ross here: And let’s look at an interesting chart that bodes well for another rally in tech. Chart of the Day (Chart courtesy of @allstarcharts) The above chart shows the ratio of the Consumer Staples Sector (SLP) vs the S&P 500. It’s made a new 52-week low, which means that – despite the positive […]
Is It Over?
Hey, Ross here: And let’s start the day with a chart that bodes well for traders and investors alike. Chart of the Day That’s the Nasdaq breaking through both its 21-day and 50-day moving averages (yellow and green lines, respectively) yesterday. And it’s not alone, the S&P 500 and the Dow also did the same. […]
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. […]
Time to Go the Other Way?
Hey, Ross here: And let’s start a new trading week with an actionable trading idea – but on the short side instead (you’ll find out why in the Insight of the Day). Chart of the Day Apple has been a top performer all year. The uptrend has been a thing of beauty – steadily marching […]
Caution Warranted?
Hey, Ross here: And let’s end the week with a chart that shows us why we should proceed with extra caution moving forward. Chart of the Day The NASDAQ 100 gapped up yesterday on the back of Nvidia’s blockbuster earnings. But it didn’t last, and the market sold off, with all indexes closing significantly lower. […]
This is What a Market Leader Looks Like
Hey, Ross here: Let today’s chart show you what a market leader looks like. Chart of the Day That’s the entire NASDAQ 100 jumping by 1% on the back of Nvidia’s latest earnings report. In case you haven’t heard, on a year-over-year basis, Nvidia reported: A 171% increase in revenue A 422% increase in net […]
Proof It’s Not a Deflating Stock Bubble
Hey, Ross here: As you may know, I won’t be sharing any trade ideas this week as I’m still waiting to see how the market consolidates. It’s always better not to trade than to take bad trades. So, for today let’s look at a chart that lends credence to the fact that this new bull […]
Signs of the Next Surge (And a Lesson from Biotech)
Hey, Ross here: And let’s start the day with an interesting chart pointing toward Treasury yields coming down soon – which could be a boon for stocks. Chart of the Day (Chart courtesy of @allstarcharts) The 10-year US Treasury yield now stands at 4.34% – the highest since November of 2007. This means if you […]
This is Your Job as a Trader
Hey, Ross here: And let’s start the new trading week with a review of how the markets are going – and the signs I’m waiting for. Chart of the Day The market continued its sell-off last week with the major indexes falling by over 2% on continuous selling pressure. I commented last week that “leadership […]
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