Hey, Ross here:
Let’s dive right in with an actionable trade idea.
Chart of the Day
Terex Corp’s (TEX) stock just won’t quit.
Bad economic report, pullback in the indexes… it just doesn’t care.
The heavy machinery stock has been riding its 10-day moving average (yellow line) since the start of the year, grinding 42% higher over the last 2 months.
I would buy any pullback in this stock and ride the trend.
P.S. Want special trade prospects and potential market moves sent directly to your phone from me? Then just text the word ross to 74121.
Insight of the Day
Even if the bears are right, you can still make money right now.
Check out this Bloomberg headline from yesterday.
That’s Morgan Stanley’s top strategist – and notorious bear – Michael Wilson expecting a short-term market rally. Of course, being who he is, he expects the rally to ultimately fizzle out and the bear market to continue.
The evidence tells me that he’ll be proven wrong.
But even if he is – it doesn’t mean you can’t make money in the markets right now. This rally is a great opportunity to do that, and you shouldn’t miss it.
I’ve been spotlighting stocks that have defied the pullback and surged even higher right here (just look at today’s chart).
But if you want to target stocks that have the highest chance of rising no matter what is happening in the markets, then make sure you click here to watch this video.
Because the stocks I highlight here hold one of the most powerful advantages you can have in any market – one that the public would be furious about if they knew.
Embrace the surge,
Editor, Stock Surge Daily