Over the past few days, I’ve shared evidence as to why I believe the market low is already in.
But – that doesn’t mean it’s time to celebrate.
Today’s chart helps explain why.
Chart of the Day
The top part of this chart is the Nasdaq.
The bottom part is how many stocks on the index are making new highs versus new lows.
Green means more stocks making new highs and red means more stocks making new lows.
As you can see, new lows have outnumbered new highs since late February.
And while the number of net new lows has sharply decreased from recent weeks…
I want to see net new highs stage more of a comeback first before I really ramp up my long positioning.
What to do in the meantime? I explain more below.
Insight of the Day
Given that tariff policy could shift at any moment, we could still see net new lows expand first.
If you look at the chart above, it can seem we’re “almost” close to having net new highs again.
But the tariff situation is so fluid, that it could shift at any moment – and send net new lows expanding again.
In fact, I think that’s the most likely scenario:
Lots of whipsawing in the markets as it gradually recovers.
Again, I’m not jumping back in with both feet yet.
But I am looking to take advantage of all these wild swings…
And you should be too.
That’s why in just a few hours at 11 a.m. Eastern later today…
I’m going LIVE to demo a powerful strategy that’s been helping us spot HUGE moves of 2X, 3X, and even 6X throughout all the turmoil and volatility of the past few weeks.
This is the smartest way to keep targeting profits even in this crazy market.
So click here now to guarantee your spot at my live demo if you haven’t already…
And I’ll see you in a bit at 11 a.m. ET.
Don’t be late.
Customer Story of the Day
"Ross Givens obviously knows his stuff and doesn't have a problem sharing it.
Looking forward to getting more great information from him and his company.
Thanks for pulling the stock market curtain back Ross!"
Ross Givens
Editor, Stock Surge Daily
