Hey, Ross here:
I’ll tell you more about those stocks in a little bit.
But before that, it ties in to something that’s been on a lot of traders’ minds.
For this entire month – maybe even the entire year…
It seems there’s only been one winner in this market.
But is that really the case?
Today’s chart takes a look.
Chart of the Day
This is the S&P Energy ETF – XLE.
And not only is it at a new all-time high…
It’s also been up a consecutive 14 weeks in a row…
The longest winning streak in over 25 years.
It may be looking like the only winner left in this market.
And even though there’s a lot of money betting for it to fall – with the highest level of short interest in years…
This could just end up fueling a short squeeze that sends energy stocks even higher.
Of course, in a market as volatile as this, anything can happen.
But I’m still liking energy stocks.
That said, these are not the only kinds of stocks I would buy right now.
In fact, as I explain in the Insight of the Day below, there are three types of stocks I would be looking to target.
Insight of the Day
The 3 types of stocks I would target right now: Stocks that are still going up, stocks that are bottoming out ahead of the market, and stocks that have independent non-news-driven catalysts.
Let’s examine each of these categories in turn.
The first category is pretty self-explanatory.
With positive sector momentum, a lot of energy stocks would fall here.
The second category are stocks that have been falling for a while – but could be bottoming out before the broader market does.
These are the stocks that could recover before the broader market.
And the third category are stocks that have upcoming “independent” positive catalysts (meaning catalysts related to the company itself only, not the broader sector).
Identifying the first category is pretty easy.
Identifying stocks from the other two categories on the other hand, are much more difficult…
But also potentially much more lucrative.
That’s why every week I go LIVE to break down what I’m seeing in the markets in real time…
As well as highlight stocks from these three categories you could potentially still target right now.
As part of our Easter special.
You can join me for these live sessions for just 99 cents for an entire year.
If you’re looking for guidance during these turbulent markets – your investment is less than a buck.
Would you rather spend a buck – or keep being scared and watching your portfolio go down?
It’s a no-brainer to me.
So click here to grab this 99-cent offer while it’s still up…
And I look forward to seeing you in my next live session.
Customer Story of the Day
“I’ve learned more about the stock market and smart investing from Ross than all other newsletters combined.
It’s because he puts everything in easy to understand terms and is thorough.”
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
