Hey, Ross here:
With all the talk about energy, oil, and consumer stocks…
Let’s look at one corner of the market that’s staged a surprising breakout.
Chart of the Day
This is PSCT – the Small-Cap Information Technology ETF.
A full week ago, it staged a clear breakout past resistance…
A level that has reliably served as support since.
That’s textbook breakout price action.
Meanwhile, the S&P 500 and the Nasdaq are still trading below their former highs.
Everyone is paying attention to those major indexes.
But how many spotted the breakout in this corner of the market?
Of course, now that you’ve seen this breakout, you may be kicking yourself for missing it.
But you don’t have to worry about that…
Because as I explain in the Insight of the Day below…
There’s always the next wave.
Insight of the Day
Market breakouts occur in waves – so you can always catch the next breakout wave.
The mistake most traders make is assuming that if the major indexes haven’t broken out yet, then the market hasn’t broken out at all.
But the major indexes can be deceptive.
Because all you see is a single price line, they often disguise what’s really happening beneath the surface.
In reality, markets often break out in waves.
A smaller group breaks out first.
Then another sector follows.
Then another corner of the market starts to wake up.
That’s exactly what we’re seeing here.
While everyone was staring at the S&P 500 and the Nasdaq waiting for it to break out…
Certain pockets of the market were already moving.
Once you understand that breakouts happen in waves, you stop obsessing over whether you “missed it.”
You start asking a better question:
Where is the next wave likely to hit?
That’s why later this afternoon at 3 p.m. Eastern…
I’m going LIVE to show you my top strategy for targeting the next breakout wave…
A strategy that could have handed you returns like 413% in just 8 months on GeneDX Holdings (WGS)…
And 126% in 4 weeks on MultiPlan Corporation (MPLN).
With the next wave of breakouts kicking off – gains like these could just be the start.
But you must act now.
So click here to confirm your free spot for my live breakout strategy demo later if you haven’t yet…
And I’ll see you this afternoon at 3 p.m. ET sharp.
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
Customer Story of the Day
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Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
