One metric I’m always tracking during pullbacks is the market’s breadth – aka the percentage of stocks participating in the trend.
And as today’s chart shows, things appear to be recovering nicely.
Chart of the Day
This is the percentage of stocks that are trading above their 50-day moving average – a sign of medium-term momentum.
And right now it’s nearly double the levels we saw at the bottom of the April pullback and back near the levels we saw from February to mid-March – when the market was climbing steadily higher.
It looks like the bull market is about to keep marching on…
Meaning we have to act fast. I explain more below.
Insight of the Day
We want to buy the dips before the breadth indicators fully recover.
By the time market breadth is back in full swing, it means that most stocks would also have surged in price.
And while there’s absolutely nothing wrong with buying a surging stock…
The ideal is to buy that same stock before its momentum fully takes off.
The best way to do that?
Looking at how the corporate insiders are reacting to this pullback.
If they’re aggressively buying the dips, we want to be doing so as well…
Because they already know all the market-moving news coming down the pipeline in their own companies…
That’s why in just a few hours at 11 a.m. Eastern later today…
I’m going LIVE for a masterclass that will show you exactly how to buy the dips like the very best of these insiders.
After this masterclass, you’ll know which insiders to follow (and which not to follow)...
The three insider buying patterns you must pay attention to…
As well as the counterintuitive signs that a particular insider stock is a good buy.
So, if you haven’t already, make sure you click here to guarantee your seat for my live masterclass later…
And watch out for the login details in your inbox shortly.
I’ll see you live at 11 a.m. Eastern.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
