Hey, Ross here:
Let’s start the day with an actionable trading idea.
Chart of the Day
Kyndryl Holdings (KD) is a stock pushing up against a big resistance level.
The enterprise software company went public in late 2021 just in time to get murdered by last year’s bear market. But KD is now trying to break out.
After carving out a bottom and putting in a textbook Stage 1 base, the stock is poised to begin its first Stage 2 uptrend. Historically, this is where the largest gains are made in newer stocks.
If KD can get above the $17.25 level and do so on above-average volume, I would absolutely consider taking a position in this stock.
Insight of the Day
Ideal positioning happens before the market sets a new “tone”.
Tomorrow morning, the much-awaited consumer inflation report will be released.
The numbers on that report will influence what the Fed does at their meeting next week…
Meaning it could set the new “tone” of the market.
Despite higher gas prices, most economists are expecting the latest inflation report to be good news…
Which means you want to be positioned in the strongest stocks before that happens.
That’s why I’m going live right now to showcase my top strategy for spotting stocks that have the highest gain potential and the strongest catalysts.
And I’ll show you everything you need to do before tomorrow.
Embrace the surge,
Editor, Stock Surge Daily