Welcome to a new trading week.
It’s been a tough month for the markets, but there’s strong evidence the bull market could resume very soon.
Chart of the Day
The latest GDP figures were released last Thursday – and they were disastrous.
The economy, as measured by gross domestic product, was expected to show growth of 2.4% last quarter. But the number came in much lower at just 1.6%.
Unsurprisingly, stocks gapped down on this news.
But almost immediately, we saw support buying – and the S&P 500 ended Thursday only slightly down.
Then, on Friday, stocks gapped up – and the index had its best week since November (right after it had its worst week in months).
In other words, we saw a highly negative market movement followed immediately by a highly positive one.
And this happened on both a daily and weekly basis.
What does this mean? I explain in the Insight of the Day.
Insight of the Day
When the market quickly recovers from bad news it is telling you where the bias is..
This is actually a great way to spot turning points in stocks.
Remember, the 2022 bear market low came on the day of the worst inflation numbers in decades.
The fact that stocks went UP after such terrible news was the signal to start buying.
And after what we saw last week, I believe the market could be about to turn.
That’s why tomorrow at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will allow you to take maximum advantage of this coming turn…
By positioning yourself in the stocks that those “in the know” are also betting on.
I’ll explain everything tomorrow…
So make sure you click here to secure your seat for tomorrow’s live masterclass…
Clear your schedule…
And my team will send you the login details before it starts.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
