Hey, Ross here:
And as always, I’m here to start your day with another actionable trading idea.
Chart of the Day
Lennarn (LEN) is a residential home builder with serious momentum.
The stock advanced beautifully off the October lows, rallying 55% in just a few months.
It then pulled back with the rest of the market in February, found support at its 50-day moving average, and is now completing a cup-with-handle base pattern.
LEN’s 10, 21, and 50-day moving averages are all stacked nicely below the stock which should provide a nice launchpad of support.
There is also resistance at the $105 level. A move up through that area could trigger the next wave higher.
With interest rates peaking and the expectation of rate cuts over the next 2 years, homebuilders are likely to see demand pick up as buyers finally see mortgage rates begin to drop.
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
When everything is known, the unknown is where the edge is.
In the stock market, almost everybody is operating based on the same information. They’re looking at the same charts, reading the same news, and studying the same reports.
And that’s why it’s so difficult for most investors to beat the market. When everything is known, any advantage you might have is quickly traded away.
That’s why if you can find a source of “hidden” market-moving catalysts – you should keep it close to the chest. Because it’s that powerful.
For instance, one of my strategies that relies on taking advantage of these “hidden” catalysts is absolutely beating the pants off the S&P – with the latest trades doing 300–400% better than the S&P’s latest performance.
Wisdom says I should be keeping this strategy just for myself and a highly select group of my students…
But I’ve never been good at keeping these things from my readers. Especially not after spending years on Wall Street being forced to hide how large stock moves really happen.
So here’s the deal…
Tonight at 7 p.m. Eastern, I’m going LIVE to share this exact strategy in person.
I’ll give away exactly why it works and how you can start using it for yourself. I’ll even reveal other new opportunities being flagged by this strategy.
And I’ll see you soon.
Embrace the surge,
Editor, Stock Surge Daily
P.S. Because of the effectiveness of this strategy coupled with the evening timing, I expect the room to fill up extremely quickly. So make sure you click here to reserve your seat to ensure the system won’t lock you out of the room.