Hey, Ross here:
Let’s start the day with yet another actionable trading idea.
Chart of the Day
The second best sector over the last 30-days has been cybersecurity.
Cybersecurity stock Vmware (VMW) is completing a 2-year cup and handle pattern that looks poised to breakout higher.
Heavy buying volume, support at the 50-day moving average, and high relative strength are all the things I look for in a fast-moving stock.
And VMW has been moving fast.
Insight of the Day
Focus on strength and buy the best.
The seven words above describe my process in a nutshell.
It allows you to stack the odds in your favor with as many variables as possible.
Today’s trade idea is a prime example of that.
Moving average support, high relative strength, and heavy buying volume are the favorable variables in this case.
These variables are also what many of the “whales” – aka the market-moving institutional investors – look for.
This means that if you know how to spot these variables, you could get in right alongside these whales – and ride these big stock moves to the top.
I’ve developed a complete strategy for doing just that…
And as part of our extended Labor Day special…
Embrace the surge,
Editor, Stock Surge Daily