Hey, Ross here:
The S&P 500 and Nasdaq are still stuck below their old highs.
Semiconductors have started to wobble.
And if you only look at the major indexes, you could easily conclude this market is turning into a choppy, sideways mess.
But that’s why I always tell you to look beneath the surface.
Because under the surface, this bull market is alive and well.
Chart of the Day
This is RSP – the equal-weight S&P 500 ETF.
Unlike the regular S&P 500, which is heavily influenced by the biggest stocks…
RSP gives every S&P 500 stock the same weight.
So it gives us a cleaner read on what the “average” stock is doing.
And the RSP has just broke out to new highs.
That’s not what you see in a weak market.
If the rally were only being held up by a few giant tech names, RSP would be lagging badly.
But it isn’t.
The average S&P 500 stock is pushing higher.
That tells us strength is spreading.
Now look at net new highs and lows.
Since May 20, we’ve seen nothing but net new highs, even as the indexes have bounced around.
That means more stocks are breaking out than breaking down.
That’s not what you see in a bear market.
Combine all these with the fact that money just keeps pouring into U.S. stocks…
With long-only inflows hitting an all-time high in June at around $180 billion…
And the data shows that the “market of stocks” is still going strong…
Even if the cap-weighted indexes look choppy.
And as I explain below…
This leads to opportunity.
Insight of the Day
Money Flows + Deceptively Strong Bull Market = Opportunity
This is the kind of market where a lot of traders get fooled.
They look at the S&P 500…
They look at the Nasdaq…
They see semiconductors wobbling…
And they assume the rally is running out of gas.
But the surface-level read is deceptive.
Underneath, the market is stronger than it looks.
RSP is breaking out.
Net new highs have been running strong for weeks.
And money is pouring into U.S. stocks at a record pace.
That’s the setup.
A bull market that looks weaker than it really is…
While fresh capital is still flooding in.
That creates opportunity.
Because when money enters the market, it has to go somewhere.
And if it’s no longer just piling into the same mega-cap tech and semiconductor names…
Then the profitable question is – where is it flowing next?
That’s what I go LIVE to show every week…
When I break down the market in real time as part of my Black Ops Trading Club.
We’re on a mission to give as many people as possible the tools they need to reach financial freedom…
And in honor of America’s 250th birthday…
Today is your LAST chance to grab a full year of access for just $5.
It’s an absolutely no-brainer deal…
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Customer Story of the Day
“Ross is great at explaining and guiding me through everything he is teaching.
I’m learning more every time I listen to him and I had no experience whatsoever before I began to watch his material.
His team so far has been amazing and very responsive.
Thank you, I’m excited to continue learning.”
Ross Givens
Editor, Stock Surge Daily
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