STOCK SURGE DAILY
with Ross Givens
Home » Beware the Market’s Narrative

Beware the Market’s Narrative

Hey, Ross here:

And let’s start the day off with another actionable trading idea.

Chart of the Day

Cybersecurity stock CrowdStrike Holdings (CRWD) has been a top performer in 2023.

After a vicious Stage 4 downtrend that wiped out 70% of its value in the 2022 bear market, CRWD has come ripping off the low this year.

It reclaimed its 200-day moving average (red line on chart) last month and continues to advance higher.

The white line on the chart above shows a key support/resistance level in CRWD. 

The stock found resistance here earlier in the year and it has so far served as support after getting above the 200-day.

The stock is also sitting on its 50-day moving average (green line on chart) which should serve as additional support.

I would consider buying here with a stop just below the 200-day line at $133. This would represent about a 7% risk on the trade.

Insight of the Day

Always trust data over narratives.

The uncertain nature of investing/trading naturally lends itself to narratives. That’s unavoidable.

But while narratives can capture the popular imagination, cold-hard data always trumps narratives.

For instance, take a look at this chart showing how many times US economic data has diverged from consensus estimates – both to the upside and downside.

As you can see, for 2023, we’re largely only seeing big surprises to the upside – despite the “inevitable recession” narrative getting endless play in the mainstream media.

This is why my conviction that we’re in a new bull market remains strong.

It’s also why I always trust hard data over market narratives.

And later today at 3 p.m. Eastern, I’m going LIVE to share my strategy of using “hidden data” to uncover opportunities that go against the market’s narrative.

Only a few traders know about this strategy – the rest are hopelessly caught up in the market’s narrative.

I don’t want you to be part of the blind masses.

So just click here to save your seat…

And let me show you how you could go against the market’s narrative – and come out way ahead.

I look forward to seeing you at 3 p.m. ET sharp.

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

  • Stocks within Article - CRWD

Brand New Strategy for Profiting from AI Stocks.

There’s a brand-new strategy in 2024 for going after big profits in AI stocks. It has nothing to do with Nvidia, Microsoft, Meta – or any of the big AI stocks the media can’t stop talking about.

It has to do with a fast-moving “backdoor” that has opened in the AI market... A backdoor that could send a very special class of AI stocks rocketing into the stratosphere.

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

STOCK SURGE DAILY
With Ross Givens

Looking for an edge? Ross has the inside scoop on top analysis that will help grow your portfolio.. Receive a new stock opportunity every day and get ready to see your investment SURGE!

Tech stocks are rallying – and Ross Givens’ #1 Tech Stock of the Decade has been making BIG moves you don’t want to miss.

Whats in the Article

Recent Posts

As Seen On

1
2
Trustpilot
Stock Surge Daily

Join our daily newsletter and get notified daily on the next stock surge with Ross Givens

THIS MATERIAL IS OFFERED FOR EDUCATIONAL AND GENERAL INFORMATIONAL PURPOSES ONLY. NO INVESTMENT ADVICE OFFERED.

This is an advertisement for online information courses, workshops, classes and other educational programs relating to finance and investing. It is not an advertisement for investment advice. Pursuant to FTC regulations and federal law, Traders Agency, LLC intends for the information in this advertisement to be truthful and not misleading. Accordingly, any and all readers of this advertisement (this means you) are fully informed that none of the information, material, or courses that Traders Agency, LLC offers constitute investment advice as defined by the SEC and by federal law. These materials do not take into account a subscriber’s (this means your) particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation (this means to you) for the purchase or sale of any security or investment strategy.

Under SEC regulations and federal law, the purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a registered/licensed industry representative such as, but not limited to, a registered investment advisor. It is very important todo your own analysis before making any investment based on your own personal circumstances.

Investing involves substantial risk and results are not guaranteed.

Neither Traders Agency, LLC nor its principals or affiliates are registered investment, legal, or tax advisors or broker/dealers.

Traders Agency, LLC is not registered with the SEC or licensed as an investment adviser. We do not offer investment or financial advice. Individual subscribers (this means you) are solely responsible for confirming the accuracy and appropriateness of the provided information for their own uses with their personal tax, finance, or legal advisor.

INVESTING INVOLVES RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. RESULTS ARE NOT GUARANTEED.