# Bullish Momentum vs. the Fed

Canonical: https://stocksurgedaily.com/bullish-momentum-vs-the-fed/

Hey, Ross here:

And let’s look at yet another actionable trade idea – one that’s already paid dividends.

**Chart of the Day**

![](https://lh3.googleusercontent.com/Bt70B41dzzq9zQzodUKyLqNfd_7SUaePYRbiAT8coUtTW1T5LqiouA0xWcuDhTCKu9QMaZG7q0WRtN8XSSBGdp-YHUAk5YVsdTVNs47XYZVYRkFvUExZRtfTAZBY7PiXq43ojqX8HsRiy5m3i1BXj4Y)

NIO is basically a Chinese Tesla. They are an electric vehicle manufacturer with seven models in production and have so far delivered around 400,000 units.

I don’t typically like Chinese stocks, but last Friday, I said this one looks poised for a breakout higher – and I was right.

NIO closed at $13.17 yesterday, meaning those who had gotten access to this trade idea when I posted it last Friday could now be sitting on a 25% gain – all in just a few days.

However, I think NIO is still buyable at this level. Check out my stage analysis for NIO stock on a weekly chart covering the last four years.

![](https://lh3.googleusercontent.com/CzlZDSW65V4KH2tN2TJB-I-UY8Q-LRerMZGpOG0UWdxq43OGXxMOcoPNKSkvkLBKOEfPWx8n0n14dYTJpwiPsC8a5Fn7qOTNIwKtvQYV87-MAP76TVDJm3XZDhIzklYZ5R6cv70Jh22u1jMA6LayaZw)

The first breakout into a new Stage 2 uptrend is, without question, the best place you can buy a stock. 

And as you can see, NIO still looks to have plenty of room to run.

**P.S.** If you want to get actionable trade ideas like the above – days before everyone else – **[just click this link](https://gamemasterinvesting.com/stealth-trades-5-order/?tambid=18913)**. Not only is there a special discount, but you’ll also get plenty of other benefits that could supercharge your trading performance.

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[![](https://stocksurgedaily.com/wp-content/uploads/2023/07/image-1024x550.png)](https://gamemasterinvesting.com/war-room/vsl/?tambid=19988)

**Breaking:** Big ticket investors are rushing into this $3 “AI wonder stock”

**[Check out how to join them right here.](https://gamemasterinvesting.com/war-room/vsl/?tambid=19988)**

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**Insight of the Day**

**The muted reaction to the Fed’s latest rate hike shows that bullish momentum is still winning**.

Yesterday’s 0.25% hike was already priced in.

But what was more important was that – despite Powell explicitly leaving the door open for further rate hikes down the line – the market actually closed higher.

This is a sign that bullish momentum is winning.

When that happens, you can expect more and more new Stage 2 breakouts _(like NIO above)_.

And if you have a strategy designed to spot these impending Stage 2 breakouts – you could make a killing.

Embrace the surge,

![](https://stocksurgedaily.com/wp-content/uploads/2023/05/image.png)

Ross Givens  
Editor, **_Stock Surge Daily_**