# Looking at the “Small Picture” (Plus Another Breakout Biotech)

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Hey, Ross here:

And here’s what I got for you today.

## **Chart of the Day**

![](https://stocksurgedaily.com/wp-content/uploads/2023/01/ssd191.png)

**Viking Therapeutics** (VKTX) is a high-flying biotech stock.

Just as we have seen with other high relative strength names, it is holding above its 10-day moving average in a clear display of power.

I issued an official buy recommendation on this stock to my Stealth Trades members on January 6 _(find out_ **_[more about Stealth Trades here](https://stealthmodeinvesting.com/5special/?tambid=17994)_**_)._

Since it’s approaching previous highs, we closed out half the position for a 13% gain on the stock and 90% on the call options.

If VKTX can get into new high ground above $10 a share, we could see another strong wave higher.

## **Insight of the Day**

**Everyone loves to look at the “big picture”, but many times it’s the “small picture” that’s worth paying attention to.**

Case in point – the current “big picture” news is all about the slide in stock market on the back of data showing weakened consumer spending coupled with a few Fed officials saying that interest rates should be hiked to over 5% as soon as possible.

But the “small picture” is that many less-popular stocks are seeing some healthy recent price action. Of course, you won’t hear much about it on the news – these no-name stocks simply don’t have the brand power to attract the clicks.

That’s why I keep bringing you these trade ideas on stocks most have never heard of – to show you what’s possible.  
And in a market like this one, where it’s almost like there’s a “stealth” bull market happening unnoticed in many stocks – **[this strategy is perfect](https://webinar.tradersagency.com/alpha-stocks/?tambid=17584)**.

Embrace the surge,

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

Ross Givens

Editor, **_Stock Surge Daily_**