# High Beta Stocks Are Making the Turn

Canonical: https://stocksurgedaily.com/high-beta-stocks-are-making-the-turn/

As an investor, my dream is to buy the bottom…

And to load the boat on high beta stocks on [**the dead low of a market selloff**](https://stocksurgedaily.com/wall-street-when-will-the-bleeding-end/).

But I know it’s not feasible.

If it happens, it was probably just luck.

The best I can hope for is to get in at the very early stages of a market recovery.

Jan. 31 was [**the first follow-through day in the indexes**](https://stocksurgedaily.com/one-way-to-know-when-buyers-may-return/).

We are waiting patiently to see if the lows hold.

Yesterday’s comments by the Fed regarding a full 1% rate increase by June will be a real test of this market’s strength.

But instead of watching the major indexes for clues about whether the bear market is over... I prefer to watch individual stocks.

The S&P 500 index didn’t warn us that stocks were melting down in December and January.

It won’t provide a heads up when the recovery is underway either.

## **All Eyes on High Beta Names**

A few of the high beta names that got clobbered over the last few months have started turning up higher over the last five to 10 days.

For example, [**after getting absolutely clobbered**](https://stocksurgedaily.com/how-the-meta-miss-started-a-cascade-of-social-selloffs/) the prior four months, **Snap Inc.** (SNAP) is up 70% off its lows.

![](https://lh6.googleusercontent.com/NCoekVLRfbb6Zu86Dr7UeeMjgTbizJp0zdnDVY0NxKiUw1lUheILTyvEtqUovRPUZPcCeATG8W979Yk03pRVEUJwoYFE7KLMCi1SSg5lmzVYdvf9_zZmJPlMFfsCnbwBww)

**_Daily Chart of Snap Inc. (SNAP) — Source: TC2000_**

**Sea Limited** (SE) is up nicely from its recent bottom…

![](https://lh3.googleusercontent.com/L8G-JaoFzgmWhUdtI2nIkn_t4zNiXBA2yUaf_oRhxp0E7Ura9HtOXDRhUTskCQqgXnBVJobHb6FyVmG5VWedto75GVgglQuG11HyYeoay6KoUPjq1R0PbedTGLH_cpTw6g)

**_Daily Chart of Sea Limited (SE) — Source: TC2000_**

And [**Roblox Corporation (RBLX) is turning up as well**](https://stocksurgedaily.com/tracking-a-high-tight-flag-on-this-key-metaverse-stock/)…

![](https://lh4.googleusercontent.com/Li5BgkdonLUTFkoSig5c8kFtaCcyl0MJAtT71sYPThFrNhED2SuftHHRI9TEjP6zpZZOYhDzWkxr8BYWAaIPZGdMu6omKVXJFOuLjY31yfYHFSxkfo8iF6SfgrjEb8c5uQ)

**_Daily Chart of Roblox Corporation (RBLX) — Source: TC2000_**

Heck, **Asana, Inc.** (ASAN) was up over 10% Thursday morning [**while all the major indexes were bleeding red**](https://stocksurgedaily.com/how-to-trade-bloodbath-markets/).

I’m not saying to rush out and buy these highly volatile stocks right now.

[**You still want to see them set up in some sort of a base**](https://stocksurgedaily.com/why-big-bases-lead-to-big-breakouts/) and form a tight, low-risk pivot to buy off of.

But if these stocks are any indication, we could be in the early stages of the next bull rally.

Embrace the surge,

![](https://lh6.googleusercontent.com/yCOcfV6ATvamVzPrIcVGXGKl08VTc5i5Vko4W6nzstDeQ1mc7FmI1gv1sDV3plL3H8_S8Ldnk9snDJec0E5ru61jGUzbPrsWLzcMIqCv8ZfzPm_xfz3WXqE0g0typuKRlw)

Ross GivensEditor, **_Stock Surge Daily_**