# A Gravity-Defying Stock (Plus How to Rise Above the Herd)

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Hope you had a great weekend. Here’s Monday’s edition of Stock Surge Daily.

## **Chart of the Day**

![](https://stocksurgedaily.com/wp-content/uploads/2022/12/Screenshot-2022-12-12-at-2.38.53-PM-1024x643.png)

This is **e.l.f. Cosmetics** (ELF), a producer of mass-market skincare and cosmetic products. But what’s important here is that it’s one of those stocks _that just won’t quit._

Its stock price is up 163% since May – and it shows no signs of slowing down.

See that yellow line on the chart? That’s the 10-day exponential moving average (EMA). Unlike simple moving averages (SMAs), EMAs give a higher weighting to the stock’s most recent price action. That’s why I prefer EMAs for analyzing a stock’s short-term trends.

I’ve found that powerful stocks with a lot of momentum behind them like ELF will ride their 10-day EMA during explosive moves higher.

This stock is a top performer and worth keeping an eye on. A sudden breakout in its 10-day EMA might be a sign it’s time to act.

## **Insight of the Day**

**If you’re following the Fed, you’re following the herd – and by definition, the herd can never outperform the market.**

Is there a bigger influence over the stock market right now than Fed Chair Powell’s mouth? Investors scrutinize every single word – then act accordingly.

He says the war on inflation is far from over? That must mean more painful rate hikes on the horizon – time to sell! He says the economy isn’t looking good? That could mean the Fed may be forced to slow down its rate hikes (or even slash them) – time to buy!

![](https://stocksurgedaily.com/wp-content/uploads/2022/12/unnamed.png)

Sure, you don’t want to “fight the Fed”. But if your entire strategy is to just react to what Powell’s words _could_ imply – you’re just a sheep following the herd. And since the herd _is_ the market, you can _never_ beat the market by following the herd.

That’s why my trading philosophy is centered around rising _above_ the herd, to study what the small successful minority is doing – and then emulating it. 

And one of the most powerful strategies I’ve found is _(unsurprisingly)_ being used by many of the most corrupt politicians sitting in Congress right now – including soon-to-be-fired Speaker of the House, Nancy Pelosi. Want to find out more about this strategy? **Watch my full presentation here.**

Embrace the surge,

![](https://lh6.googleusercontent.com/dYXuma1n3OIXC9-AFh7_wotN-ONne23NlNBcODMutdPsldOd9Ch7OGCSfoBsulPxl4P6L8QdA9ak1kPkEEdkNOvtiMfrewpCh5RhmTK3YPPtdn-xKrs--v2c5-6KuDTQvPQfehROeMs)

Ross Givens  
Editor, **_Stock Surge Daily_**