Ends Tonight I Dropping Tomorrow I Follow me on X | | Hey Folks, | The markets hit yet another lofty plateau last week, holding on to Monday's inflation bump but trading largely sideways since then. | It was another win for the bulls as short covering pushed indexes higher than was perhaps justified by the only slightly better-than-expected inflation report. | Barring some actually unexpected developments, I think we're looking good for a gradual Santa rally to round out 2023. | On our front, I ran into a speed bump on Monday with my "Bright Idea 💡" that I mentioned on Monday. Right at the market open, they announced a stock offering that put a cap on the potential for that day. | By the time most readers saw my report, the stock was thankfully already down a lot (I'm glad I held off a day and didn't send it out Friday!) | They won't all be huge winners, but at least they got the offering out of the way early, so that play was basically dead as soon as it came out. I call that a big "nothing burger." | For now, I'm looking at another company that already made a direct offering earlier this month, so I don't think another one is in the cards anytime soon. We can just focus on the technical picture at hand. | It's a stock that's had an orderly run-up over the last four weeks. The technicals are showing no signs of this stock slowing down yet. | | If you look at the chart above, you'll see this stock is signaling all systems "Go, GO… GO!" | In my full writeup tomorrow morning, I'll explain how this breakout (the stock is up about 17% over the last month, as shown in the chart above) has been great, but it hasn't made a HUGE "blow-off" type move yet… | And when I say "huge move," I want you to consider this stock had one of the biggest days of any stock in the entire stock market earlier this year. | In a single day, this stock shot up over 700%. | Yep, I'm going to show you what happened and how this stock handed investors a ridiculous 700% gain in a single day just a few months ago. | I'm not suggesting that will happen again tomorrow, but I want to show you the type of range this stock has seen in the past. | But the stars are aligning, and as I said, this stock has been building momentum for the last few weeks. | I think tomorrow could see a real upswing. | It's an opportunity that would need to be jumped on early, though. I think by afternoon, the entry price won't be as favorable. | This is just a heads-up, though. I'll have the full details for you before the market opens in the morning. | Tune in to see what I'm on to and if you agree with my idea (I'm taking bets!) | Until then… | To Your Success, | | | 💥 More GREAT trading resources: | Get instant access to Jeff Bishop's top trading ideas | For today's hottest stocks flying under the radar, hook arms with 360 Wall Street. | Click here for unique private investing news & opportunities. | | Questions or concerns about our products? Email Support@ragingbull.com | © Copyright 2022, RagingBull | | DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer. | FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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