Hey, Ross here:
With markets rising ahead of the Fed’s decision, let’s look at another long trade idea.
Chart of the Day
Internet-of-Things company Samsara (IOT) completely bucked the trend last month.
It advanced beautifully and then gapped higher after reporting big sales growth in early March.
The recent pullback has been minimal, and in my opinion, is simply a pullback into its longer-term uptrend (see chart below).
My trigger for this one is $20.25. But I would like to see the stock base here for a few more days and digest the rest of the sellers.
That followed by a breakout above $20.25 would be my signal to hop into IOT and ride the uptrend.
P.S. Want me to send you special trade prospects and potential market moves directly to your phone? Text the word ross to 74121.
Insight of the Day
Those with the smartest and fastest reaction to the Fed’s move will come out on top.
No one knows what the Fed’s decision will be today. But those who can pivot the fastest and the smartest will win.
For example, if the Fed hikes rates and markets plunge, you must be ready with several high-potential short trade ideas. Conversely, if they pause – or even cut – and markets surge, you must be ready with some long trade ideas.
That’s one of the reasons I started this newsletter – so you always have some actionable trade ideas ready to go, no matter what’s happening in the markets.
But if you’d like to skip the line and get a hold of these fast-moving opportunities before everyone else gets them here – click this link to become a member of my Stealth Trades Gold service.
Because today is the LAST day for our St. Patty’s Day special – where you can get a full year of Stealth Trades for just $0.99. Don’t wait, because it’ll be gone tomorrow.
Embrace the surge,
Editor, Stock Surge Daily
P.S. I’m speaking at the online Wealth365 Summit next month, together with a host of the leading trading and investing minds.
We’ll be sharing some truly contrarian and effective strategies for attacking this market. And the best part is – it’s 100% FREE (that’s right). Just follow this link to register.