Hey, Ross here:
It’s important to understand where and how the broader market is moving.
But, as today’s chart shows, you should always look deeper beneath the surface.
Chart of the Day
This is XBI – the S&P Biotech ETF, breaking out of a classic consolidation pattern (rectangular box).
Over the past two days, it’s surged by nearly 9% – an extremely impressive move for an ETF.
By contrast, the S&P 500 has actually dipped slightly over the same period.
That’s why you always have to look beneath the surface to uncover the true opportunities.
And more often than not, the deeper you dig – the better the opportunities are.
I explain more in the Insight of the Day.
Insight of the Day
The deeper you’re willing to look, the better the opportunities.
From my experience, this is as good of a rule of thumb as any – regardless of what strategy you’re using.
Take for instance the breakout in the biotech sector I just spotlighted above.
If you were just paying attention to the broader market – which didn’t go anywhere – you would have missed it.
But it goes deeper than that still.
Because if you were just paying attention to the performance of the sectors, you would have missed out on the moves of the leading stocks in that sector – which did way better.
Case in point, my FIRE strategy identified Viking Therapeutics (VKTX) stock as a leading stock on the verge of a potential breakout on January 9 – right near the beginning of the consolidation period in today’s chart.
As of yesterday’s close, our position is up 303% – basically quadrupling your money, enough to turn a $5,000 stake into $20,150.
And the other open gains from this strategy aren’t too shabby either.
That’s the power of identifying the leading stocks in the leading sectors – which my FIRE strategy does quickly and efficiently thanks to a precise and proven chart pattern only the elite traders know about.
I went live yesterday for a masterclass on how anyone can use this pattern in their own trading right now.
The masterclass was a huge success…
So if you missed it, make sure you click here now to watch the masterclass replay.
It will allow you to target these market leaders on the verge of big breakouts – which can happen even if the broader markets aren’t going anywhere.
But act fast – because this strategy is pinpointing some high-percentage breakouts right now – and I don’t want you to miss them.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
