Hey, Ross here:
Inflation is cooling but markets are heating up – so here’s another actionable trade idea to close out the trading week.
Chart of the Day
Shopify needs no introduction.
If you bought anything online from anywhere other than Amazon, the sale probably ran through Shopify.
The stock is up 175% since October and proving to be a market leader.
The recent action shows shallowing retracements on declining volume – followed by what looks like a textbook breakout pattern.
I believe there’s still time to get in on this breakout move.
Insight of the Day
Don’t waste this “cooling inflation” opportunity while it’s still there.
Right now, the market is making solid moves higher on the back of cooling inflation data (with the leading stocks posting even bigger moves).
I believe that next month’s inflation data will continue to show slowing inflation, which would be positive for the market.
But you know what? I could be dead wrong.
For all we know, we could see inflation heating up again next month, perhaps because of things like health care inflation combined with robust consumer spending.
That would definitely be a negative for the market, and it could trigger more rate hikes than currently anticipated – a punishing double whammy.
There are NO guarantees that inflation will continue to slow down.
That’s why we shouldn’t waste the opportunity staring us in the face right now.
We want to strike while the iron is hot, while the market’s consensus is still that inflation is definitely slowing.
We want to take advantage of the biggest breakouts happening right now…
Which is why later today at 12 p.m. Eastern, I’m going LIVE to show you my #1 strategy for doing exactly that.
This strategy literally JUST delivered this win yesterday…
So the last thing you want to do is miss out on this.
And I’ll see you at 12 p.m. ET sharp.
Editor, Stock Surge Daily