Hey, Ross here:
And let’s start the day with an actionable trade idea.
Chart of the Day
Pacific Biosciences of California (PACB) is another great looking compression pattern forming below the $12.50 area.
Notice how the pullback area has gotten very tight and trading has been contained to a narrow range over the last three weeks. This is what you like to see.
The stock looks to be breaking out right now, closing at $13.06 yesterday.
I bought shares of this stock last Friday with a stop at $11.60 – and the trade seems to already be paying off.
If PACB is going to continue to run, it should not get below its 21-day moving average (blue line).
P.S. Would you like special trade prospects and potential market moves sent directly to your phone? Text the word ross to 74121.
Insight of the Day
Unless the politicians screw it up, I expect the market to continue to run.
I’m very positive about the markets right now.
Unless the idiots in Washington screw it up by actually causing a US default, I believe we’ll see the market continue to run.
And since indexes only represent averages, that means market leaders – the individual stocks that run ahead of the market – are likely to deliver even bigger breakouts.
Right now, one of my most trusted signals is telling me that it’s time to go in on a handful of stocks with the highest potential…
And I’m going LIVE now to explain which stocks my signal is pointing out.
So click here to join me in the live room right now…
Because this signal has already pinpointed stocks that have delivered gains like 91%, 58%, and 171% this year…
And it’s telling me that this could just be the start.
And I’ll see you inside.
Embrace the surge,
Editor, Stock Surge Daily