Hey, Ross here:
And let’s start the day with yet another actionable trade idea.
Chart of the Day
Datadog (DDOG) is another AI name that has come back to life in a big way.
After falling 68% in last year’s bear market, the stock has surged 58% in just the last two months.
The shallow base formed over the last few weeks took place on lower-than-average volume – a hint that institutions are not selling, and the stock is becoming harder to buy.
DDOG pushed through the $100 century mark last Friday – a market that has acted as resistance for the last five weeks.
As of yesterday’s close, it’s now sitting just shy of $105 – and looks to be clearly breaking out.
I think it’s still buyable here with a tight stop.
P.S. I shared this DDOG opportunity to my paid Stealth Trades subscribers last Friday – meaning they could already be up nearly 5% in just a couple days.
If you want to get a hold of opportunities like these days before you see them here, just click here to become a Stealth Trades member – it’ll only cost you $5 (less than the price of a sandwich).
Insight of the Day
Whenever there’s a surprise – there’s an opportunity
The markets trade on expectations – which is why surprises create opportunities.
Earnings (or inflation) surprising to the upside or downside? That’s likely a significant stock move right there.
It’s also why a stock may not even budge after a big earnings report – it was not a surprise, but expected, and hence already priced in.
And we’re about to enter earnings season, a season full of surprises – and opportunities.
That’s why I developed an unorthodox strategy that could predict these surprises ahead of time…
A strategy that’s delivered some of the biggest gains ever to my subscribers (I’m talking gains in excess of 1,000%)…
Editor, Stock Surge Daily