Hey, Ross here:
Welcome to a new trading week.
Markets rose last week, but are now stalling at the highs.
Worried? Don’t be – because this is a perfectly natural place for it to take a pause.
I’ll explain more in the Insight of the Day…
But first, let’s look at a trade idea from a sector most are ignoring.
Chart of the Day
The nuclear and uranium sector is quietly marching to the top of the pack.
Back in November, we highlighted this sector as a standout – buying Cameco (CCJ) and enCore Energy (EU), two leading nuclear stocks that were breaking out from consolidation patterns.
Both delivered stellar returns.
And now, uranium stocks are on the move again.
Denison Mines (DNN) broke through its downtrend line with conviction on Friday.
Shares finished up 10% on the day, closed at the high of the daily candle, and made a new 52-week high on the highest upward volume in over a year.
This is a clear sign of institutional buying.
The stock also pulled back quietly in December, giving up minimal ground and showing no signs of heavy liquidation.
Insight of the Day
When the market breaks out of a consolidation pattern, those that outperform will likely have extra catalysts the rest do not.
Markets have now been range bound for four weeks which, as I have discussed previously, is healthy price action.
The November/December rally was one of the strongest on record.
A move like that must be absorbed to flush out the sellers, allow for natural profit-taking, and set up the next advance higher.
The S&P 500 and Nasdaq indexes are both sitting at their all-time highs from late 2021 – a natural place where we would expect to see a pause.
But when the entire market breaks out of current consolidation, the key to outperformance is by targeting stocks that have “extra” price-moving catalysts the rest do not.
The key to finding these catalysts?
Well, that’s exactly what I’m going to show in my LIVE masterclass later today at 12 p.m. Eastern.
This method for finding these hidden catalysts have paid off very handsomely (including a nearly 40% gain in just over a week this month alone)…
But with the market now in “pause” – I believe this is just the start.
So, before the market breaks out again, make sure you click here to save your seat for my live masterclass…
Clear your schedule…
And watch for the login details inbox in a bit.
There’s huge opportunity here – and I don’t want you to miss it.
See you soon.
Ross Givens
Editor, Stock Surge Daily
