# Beware the Market’s Narrative

Canonical: https://stocksurgedaily.com/beware-the-markets-narrative/

Hey, Ross here:

And let’s start the day off with another actionable trading idea.

**Chart of the Day**

![](https://lh6.googleusercontent.com/wLd5_NxD-SHx7tgSejBQ04-5ho_P3T5-Mu_3DRYlvMBx3XHZvkxFRkI53FyE0MIoUPBkItzsq2LVKQh-VXkL00yFSVSXHEqHy-Nfyh1wBtVn94DH9beVdLXWgfQt5DwEDHuXruldDwTprTW_CsCHhNA)

Cybersecurity stock CrowdStrike Holdings (CRWD) has been a top performer in 2023.

After a vicious Stage 4 downtrend that wiped out 70% of its value in the 2022 bear market, CRWD has come ripping off the low this year.

It reclaimed its 200-day moving average _(red line on chart)_ last month and continues to advance higher.

The white line on the chart above shows a key support/resistance level in CRWD. 

The stock found resistance here earlier in the year and it has so far served as support after getting above the 200-day.

The stock is also sitting on its 50-day moving average _(green line on chart)_ which should serve as additional support.

I would consider buying here with a stop just below the 200-day line at $133. This would represent about a 7% risk on the trade.

**Insight of the Day**

**Always trust data over narratives**.

The uncertain nature of investing/trading naturally lends itself to narratives. That’s unavoidable.

But while narratives can capture the popular imagination, cold-hard data always trumps narratives.

For instance, take a look at this chart showing how many times US economic data has diverged from consensus estimates – both to the upside and downside.

![](https://lh5.googleusercontent.com/nLswAZ3FTVhm3U4E4RZX6SQ7DrEkIKABsyS8pM5CraKVkWeLxA1UGYBsHR_kIWTrwLvgCBVxVAfMAUvAjXMTDSLoNNz39orsaBC0_ke9Wz-Iqwssha8VHXJQMXUBfYHcFd9gjCsJCgQt8e9i6AhdppY)

As you can see, for 2023, we’re largely only seeing big surprises to the upside – despite the “inevitable recession” narrative getting endless play in the mainstream media.

This is why my conviction that we’re in a new bull market remains strong.

It’s also why I always trust hard data over market narratives.

And later **today at 3 p.m. Eastern**, I’m going LIVE to share my strategy of using “hidden data” to uncover opportunities that go _against_ the market’s narrative.

Only a few traders know about this strategy – the rest are hopelessly caught up in the market’s narrative.

I don’t want you to be part of the blind masses.

**[So just click here to save your seat…](https://clktrac.com/JoinRoss)**

And let me show you how you could go against the market’s narrative – and come out way ahead.

I look forward to seeing you at 3 p.m. ET sharp.

Embrace the surge,

![](https://lh3.googleusercontent.com/u1bkP1uK4S8G0S3HvULgVlf5Oo5Wbrv55mAknbfc5OR6vNHNjP1qlrqX2FKnCLs8y4Q5nWZ9PwfIVqxhz-34fL32yao8wdaoiXCbJJ58EmJQpGN3E4bEH0IN7idHTcKiHWk13J9JVX_wS94ti3GRsm8IvwDHfDXbLDoq3cBuIPLlVZxmB1XRqeqcQ7ou_w)

Ross Givens  
Editor, **_Stock Surge Daily_**