Home » Frontrunning the Fed

Frontrunning the Fed

Published September 14, 2023

Hey, Ross here:

Inflation may have come in slightly hotter than expected – but it did not have any significant negative effect on the market so far.

So let’s start the day with an actionable trade idea.

Chart of the Day

This is a weekly chart of Vmware (VMW). And as you can see, VMW has not been able to clear the $170 level for the last four years. That is significant resistance.

A move through this area could finally trigger the next wave higher for the stock.

The daily chart below shows the most recent price action.

After a powerful move higher, shares have consolidated for the last few weeks in a compressing pattern above the 21-day EMA. This is very constructive action.

As long as VMW holds above its 50-day moving average (green line on chart) I would be bullish on this stock.

Insight of the Day

There is a good chance the Fed will look past the latest “hot” CPI numbers.

If you’ve been reading this newsletter for any amount of time, you know I don’t think much of Fed Chair Powell.

So, for the many investors and traders out there who share my dim view of his capabilities…

They might think that another rate hike is coming down the pipeline next week.

But few know that the Fed actually focuses more on “core CPI” rather than the headline numbers…

And as the graph below shows, the recent surge in oil prices – which was largely responsible for the “hot” headline CPI numbers hasn’t really been passed through to core CPI numbers…

Meaning there’s a good chance the Fed may look past it and pause next week.

If that’s the case, you want to position yourself in the best stocks before that happens…

Which is why I’m going LIVE tomorrow at 12 p.m. Eastern to show you exactly how to do that.

So click here to save your spot for my live session tomorrow…

And I’ll explain everything tomorrow at 12 p.m. sharp.

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

Stocks within Article - Stock Symbols

Market, Stock Charts, Stock Market, stocks, Stocks to watch, Surge Stock Indicators

Even Bill Gates himself has said that generative AI has “peaked” and that the next version of ChatGPT won’t be much better than the current version.

So where will the next wave of AI innovation – and profits – come from?

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.

Recent Posts

Réjean Roberge

November 28, 2023

I'm a new member of 'Insider Effect' and sent a support email and was responded to within minutes. It starts very well.

Philippe Rocher

I'm happy I recently opted in to the Ross Givens's Trading Club at Traders Agency (at the best and fairest offer I could possibly get). I'm new to trading U.S. stocks and options on a regular basis but it doesn't matter, Ross does all of the hard work for me while I'm trading at my own pace (he knows how to trade successfully most of the time and I know that I won't win every trade. Fair enough). He and his great team share a lot of their trading experience in live sessions. Great job. Thanks a lot!

CB Tudor

November 20, 2023

Excellent, very educative and honest service! Worth every penny and more.

Jay Herpick

November 11, 2023

I've found your buying of stocks and options very helpfull. Just wish I had found you folks five years ago. Your friend, Jay H

Ned Ewing

November 6, 2023

I've been working with Ross Givens and have learned a lot. Support has been very helpful and on top of response times. :)

donald macdonald

October 23, 2023

Great session! Ross explains everything well!

Jim Bowen

October 10, 2023

I started with Ross Givens and Trader's Agency GOLD in September of this year and have had some significant success on all but one of the trades he suggested. I have actually made 157% in profits over what I paid to join Traders Agency within my first 30 days. I am no stock expert and I want to know more about how to invest in the market. Ross's videos and strategy sessions are very insightful, and you can chat during the sessions to get his feedback. He's got all the tools at his disposal and has set up some good algorithms in order to help one understand the chaos and fundamentals to watch for in order to make a good investing decision. I have had other investment "helpers" that never yielded what I have within such a limited amount of time. I think Ross, and his team, is the "Real Deal"

Andrew O'Boyle

September 20, 2023

I have been a member of Traders Agency for 3 months. Ross is the real deal! I could not be happier with my results! Thank you Ross and the Traders Agency Team! I found my passion :)

Philip McElroy

September 14, 2023

World Class customer service and I would am really qualified to make this statement.