Stock Surge Daily
Daily stock picks with explosive upside potential. Data-driven analysis on the moves that matter most.
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Posts — Page 14
Why Yesterday’s Dip = Opportunity
Hey, Ross here: Yes, the market bounce took a brief pause yesterday on the back of the slightly higher than expected inflation printout. But I believe the market bounce thesis still holds – and today’s chart explains why. Chart of the Day This is the Fear & Greed Index presented in chart form. And as […]
Shifting Sentiment (Get Ready)
Hey, Ross here: Let’s start the day with an interesting chart that shows an uncanny resemblance between the market movements of 2021 and this year. Chart of the Day Now, this certainly isn’t as predictive as the tried-and-tested chart patterns are – and 2021 was a different time than 2023 – but it’s still interesting. […]
How to Time This Market Bounce
Hey, Ross here: Let’s look at another chart that continues to support my thesis that a short-term market bounce is just beginning. Chart of the Day This is the U.S. Dollar Index about to break below support. While many “gurus” out there love to bandy about the “death of the dollar” narrative, the truth is […]
More and More Evidence for the Bounce
Hey, Ross here: My short-term thesis for the market is playing out. And as the Chart of the Day shows, today’s price action could all but confirm it. Chart of the Day This is the S&P 500 displaying a classic head and shoulders chart pattern – typically a bearish pattern. The horizontal white line marks […]
Bounce or Bull?
Hey, Ross here: Welcome to a new trading week. Despite the hotter-than-expected jobs report last Friday, the market defied expectations and closed higher – even ending higher for the week. This tells me that my thesis for a short-term technical bounce is sound. But again, I don’t believe this is the resumption of the bull […]
3 Reasons for a Market Bounce
Hey, Ross here: As we end the trading week, we can see that there are three support levels that point toward a market bounce. Chart of the Day What you see here are three different lines of support for the S&P 500. The horizontal white line is the 4,200 mark – formed by both the […]
Too Much Fear?
Hey, Ross here: Let’s start the day by looking at a chart that lends support to my hypothesis that we’re due for a short-term bounce. Chart of the Day This is the popular CNN Fear & Greed Index represented in chart form. Right now, the index is sitting at 26 – bordering on “Extreme Fear”. […]
The Market’s Next Test
Hey, Ross here: Let’s start the day by looking at a critical level of support for the S&P 500 – the next test for the market. Chart of the Day After posting another red candle yesterday, the S&P 500 is just 0.7% away from the 4,200 mark. That 4,200 mark is also where the 200-day […]
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 […]
Was the 2023 Bull Market Fake News?
Hey, Ross here: Welcome to the start of October and the fourth quarter of the year. With nine full months behind us, it’s time to lift up the hood and look at what’s really happened in the 2023 “bull market”. Chart of the Day This chart says it all. The vast majority of the gains […]
Good Riddance (and Get Ready)
Hey, Ross here: Today is the last trading day for the month and the quarter. The third-quarter of the year has traditionally been a weak one for the markets, with September being even worse (check out the Chart of the Day). So all I have to say is – good riddance. Chart of the Day […]
Will This Trigger a Market Bounce?
Hey, Ross here: After a punishing pullback that’s about to enter its third month, the S&P 500 is now back where it was in early June. But yesterday’s price action could herald a market bounce – the Chart of the Day explains why. Chart of the Day This is a chart of the S&P 500. […]
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