Expect the Market to do This in August

Wednesday's Stock Surge Daily

Stock Surge Daily with Ross Givens Click here to view this email in your browser.    Click here to unsubscribe.  View the Digital Edition Here Hey, Ross here:   And let's start the day with yet another actionable trade idea. Chart of the Day My fellow barbecue enthusiasts will recognize this name.   Traeger (COOK) changed the game a few years ago with its easy-to-use, app controlled, pellet smoker grill. The meat smoking trend grew tremendously popular doing COVID, allowing the company to rapidly grow its market share.   Several competitors have attempted to dethrone the BBQ king, but Traeger is the original and as such, sells at a premium. This is how the company is able to maintain gross margins of over 30%.     COOK went public in mid-2021 at $22 per share. It then fell 90% in last year's bear market to less than $3.   But price has now stabilized, and the stock appears to be nearing the end of its Stage 1 basing process.   Volume is drying up nicely, the moving averages are turning upward, and volatility has come way down.    If COOK can get above the $4.50 area, it could trigger a new Stage 2 uptrend and a perfect buy point.   Recommended Link: Forget ChatGPT… This "$3 AI Wonder Stock" Could Be a Financial Lifesaver in 2023! Full Details Here Insight of the Day The market usually needs time to "digest" significant price moves – whether upward or downward. Both the S&P 500 and the Nasdaq have now risen for the past five consecutive months.   That's something the market needs time to "digest" – and we'll likely see that happen this month.   So, don't be surprised if the index moves in August appear "lackluster" compared to the previous few months – this is perfectly normal.   On top of that, August is historically not the best month for stocks anyway – something which would likely stall the upward momentum a little.   The point here is not to worry if and when that happens.    We're still in a new bull market – and there are still plenty of opportunities you can take advantage of.   Because remember, the leading stocks always move ahead of the indexes…   So, even if the indexes don't go anywhere this month, you can still pick up some fast and solid gains from these stocks.   And here's how you can use institutional money flows to spot these stocks. Embrace the surge, Ross Givens Editor, Stock Surge Daily The Chief Trading Strategist at Traders Agency, Ross Givens’ strategies have helped many people advance toward their financial goals. His specialty is pinpointing big fast moves in under-the-radar stocks – a philosophy developed after years on Wall Street watching institutions do exactly that. Click here to read Ross’ previous trade ideas and market analysis – it’s guaranteed to improve your skill as a trader. You are receiving this email at indra21poetra@gmail.com because you are a valued member of the Traders Agency Community. If for any reason you believe you received this email in error, you can safely ignore it, or click here to unsubscribe. Stock Surge Daily 20 North Orange Avenue, Unit 1100 Orlando, Florida 32801 ©  2023 Stock Surge Daily. All Rights Reserved. Archives | Terms & Use | Privacy Policy | Unsubscribe