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How to Capture the Flag Breakout
Over the last couple of weeks, we’ve looked at the “head and shoulders” pattern from all angles. We saw that the pattern can be either bullish or bearish and can act as either a continuation or reversal pattern. You’ve also heard me talk about the “high-tight flag” and the “cup-with-handle,” which are some of my …
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You Are Investing in a Ponzi Scheme
Over 87 years ago, Franklin D. Roosevelt screwed us all. Without knowing it, he built the greatest Ponzi scheme in the history of the world.
The post You Are Investing in a Ponzi Scheme appeared first on Stock Surge Daily.
….Benchmark Index Still In a Long-Term Downtrend?
Stock markets continue to move between their sell and buy zones, which is creating opportunities for traders. But the mega benchmark S&P 500 Index and its futures contract (ES) is currently at a key level and waiting to either break down into the sell zone or break out into the buy zone. There has been …
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Watchlist Update: CPI Drives Stocks Higher… Here’s How to Play It
Stocks advanced for another week, primarily driven by Wednesday’s consumer price index (CPI) report. The CPI rose less than expected, confirming that inflation has peaked and is finally showing signs of cooling. This bullish data sent the S&P 500 up 2.1% for the day on 93% advancing volume. That does not mean this is an …
The post Watchlist Update: CPI Drives Stocks Higher… Here’s How to Play….
Why We’re Watching the NQ for the Next New Trade Idea
The Nasdaq 100 Index (NQ) is the leading index for bigger tech stocks that we follow very closely. And this week, we are studying the index to try to find the next direction for the market. With NQ at the top of its down channel, it could break into the buy zone and continue further …
The post Why We’re Watching the NQ for the Next New Trade….
How We Traded the Breakout in Chinook Therapeutics Stock
In early July, I wrote to you about Chinook Therapeutics, Inc. (KDNY), a strong biotech stock that’s been on our Watchlist a few times. And I mentioned at the time that it had just become an official recommendation in my premium Alpha Stocks trading service. Well, I recommended taking profits on the final piece of …
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