Over 90% of stocks closed higher yesterday.
That is an exceedingly rare event – even in strong bull markets.
And as today’s chart shows, it just bolsters my view that the market low is already in the rearview.
Chart of the Day
We saw a huge breadth day – with nearly 90% of stocks advancing – two weeks ago when President Trump announced the tariff pause.
We saw the same thing yesterday after he said that he would not be firing Fed Chair Powell and that tariffs on China could “come down substantially”.
These big breadth days are very rare…
And they’ve almost always preceded strong returns for the market.
Is this a guarantee? You already know the answer – there’s no such thing.
But it does put the odds in our favor.
Of course, as I’ve been saying – don’t expect a “clean” recovery. It will be choppy.
But that doesn’t mean we can’t start taking long positions in the market again. We just have to be selective about it.
I elaborate more below.
Insight of the Day
Remember that before the broader market breaks out, individual stocks will do so first.
We call them the market leaders.
And while most people automatically conflate market leaders with the big popular stocks, that isn’t necessarily the case.
Even smaller under-the-radar stocks can be market leaders.
Sure, they don’t have the size to move the entire index, so few traders pay attention to them.
But if you can uncover these stocks and position yourself early in their breakouts…
You could pocket high double-digit to even triple-digit gains in a matter of weeks or even days.
I’m talking about moves like 77% in three weeks, 136% in four weeks, and even 87% in just 24 hours.
All that is possible if you know how to target these under-the-radar breakouts.
And that’s why later this afternoon at 3 p.m. Eastern…
I’m going LIVE to show you my powerful “breakout signal” that could spot these ignored stocks ready to surge to new heights.
With this signal in your toolkit, you don’t have to wait for the rest of the market to fully recover.
In fact, you don’t want to wait for the market to recover…
Because the most lucrative gains always come right near the lows.
So click here to save your seat for my live session later if you haven’t already…
And I’ll see you later this afternoon at 3 p.m. ET.
Customer Story of the Day
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I have been a trader for a long time, but I was having problems being consistently profitable because I was frozen by indecision too many times.
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Ross Givens
Editor, Stock Surge Daily
