Stock Surge Daily
Breaking Down the Triple Top Pattern
Today, we’re going to follow up on last week’s “triple bottom” discussion by talking about its bearish counterpart, the “triple top” pattern. Just like the triple bottom, the triple top is a trend reversal pattern. The big difference, of course, is that a triple bottom forms at the end of a down trend, while a … The post Breaking Down the Triple Top Pattern appeared first on Stock Surge Daily.
Watchlist Week of October 17th, 2022
Northrop Grumman (Short Idea) I have been watching NOC for a long trade for the last several weeks. In fact, I even added it to the Watchlist back in September. But thanks to a vicious bear market, the stock failed at its highs and is now rolling over. Failed breakout trades can be lucrative short … The post Watchlist Week of October 17th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Sticking with Strong Setups
All the major indexes made new lows last week, confirming that sellers are still in control. Another bad inflation report caused stocks to gap down big Thursday morning. And while they actually rallied the rest of the day, they gave up all those gains on Friday. Eventually, the low will be made and a new … The post Watchlist Update: Sticking with Strong Setups appeared first on Stock Surge Daily.
How to Trade the Market’s Most Elusive Chart Pattern
A “high tight flag” is an extremely rare, chart pattern. They typically form after an explosive move higher in a stock’s price. The post How to Trade the Market’s Most Elusive Chart Pattern appeared first on Stock Surge Daily.
How to Become the Ultimate Apex Trader
Lions are the ultimate apex predator. But despite their deadly reputation, not every hunt is successful. When hunting solo, lions have a kill rate of just 17%. In other words, they only catch their prey in one out of every six attempts. When they hunt as a group, their success rate goes up to one … The post How to Become the Ultimate Apex Trader appeared first on Stock Surge Daily.
Market Breadth Points to Lower Lows Ahead
One of the main reasons I am expecting lower lows is that the internals of the major indexes are still very weak. The post Market Breadth Points to Lower Lows Ahead appeared first on Stock Surge Daily.
Changing Trends with the Triple Bottom Pattern
Just like the “double bottom” pattern we’ve covered previously, the “triple bottom” is a trend reversal pattern. These patterns are similar in a lot of ways, but the big difference is that a triple bottom has one more low point before the reversal. So, instead of looking for a “W-shaped” pattern on the chart, you … The post Changing Trends with the Triple Bottom Pattern appeared first on Stock Surge Daily.
Watchlist Week of October 10th, 2022
Celsius Holdings, Inc. (Short Idea) Celsius Holdings, Inc. (CELH) has been a high-flyer all year, but the party might finally be over for the energy-drink maker. The stock is now holding below its 50-day moving average. Additionally, the $90-$95, which previously served as support, is now acting as resistance for the stock. I would consider … The post Watchlist Week of October 10th, 2022 appeared first on Stock Surge Daily.
Watchlist Update: Staying Focused on the Short Side
After huge up-days last Monday and Tuesday, stocks got clobbered on Friday, erasing nearly all of the gains from earlier in the week. Even back-to-back 90% up-volume days (something that would be hugely bullish any other time) was not enough to keep the bears at bay. Until we see a consistent and meaningful advance in … The post Watchlist Update: Staying Focused on the Short Side appeared first on Stock Surge Daily.
Video Update: LiveWire Group Stock is a Strong Short
In today’s seven-minute video, I’ll explain why I think LiveWire Group, Inc. (LVWR) is a strong short candidate. The post Video Update: LiveWire Group Stock is a Strong Short appeared first on Stock Surge Daily.
How I Plan to Trade This Bear Market Rally
With a weekly gain of 5.73% at Tuesday’s close, the S&P 500 just had its best two-day rally since March of 2020. The post How I Plan to Trade This Bear Market Rally appeared first on Stock Surge Daily.
Your Guide to the Double Top Pattern
Last week, we talked about the “double bottom” pattern and explained why we could be seeing one form in the S&P 500. With yesterday’s big gain in the broad market and with another big push by the bulls ahead of the open this morning, we’re hoping that the June lows continue to hold and that … The post Your Guide to the Double Top Pattern appeared first on Stock Surge Daily.
Stop watching.
Start winning.
50,000+ traders get our daily brief before the market opens.
You're subscribed!
Check your inbox.
Free. No spam. Unsubscribe anytime.
