I cautioned that we would likely see weakness in September, and yesterday’s market action proved it.
It was one of the biggest down days of the year, with most major indexes falling at least 2%.
But as today’s chart shows, we’re actually still below average when it comes to such down days.
Chart of the Day
This chart shows the number of days the S&P 500 has seen downward moves of -1%, -2%, or over -3%.
As you can see by the tiny bar all the way on the right, we’re still way below the historical average.
Yes, yesterday was a big down day for the market.
But we shouldn’t be too surprised by it, considering how few of those big down days we’ve seen compared to previous years.
Factor in September seasonality, and we should be even less surprised.
The upshot in all this? I explain below.
Insight of the Day
If September seasonality plays out, we could see another big shot at strategic dip buying.
One month ago, in the middle of the August selloff, I was telling you not to panic and to strategically buy the dip.
Those who listened could have pocketed some fast gains while everybody else was running around screaming that the sky was falling.
We may soon see another chance for lucrative dip buying emerge again – possibly very soon.
But to make the most out of it, you have to be prepared.
I don’t want you just buying the index and making a few meager percentage points when it recovers.
Maybe that’s enough for some people…
But if you’re reading this newsletter, I wager you want to aim for something bigger.
That’s why later this afternoon at 3 p.m. Eastern…
I’m going LIVE for a masterclass that will show you my top dip-buying strategy of all time…
Following the corporate insiders into stocks that look beaten down – but could be poised for a surprise surge that will catch most traders off guard.
You see, these insiders know when positive price-moving news is coming down the pipeline…
And they don’t hesitate to exploit their informational advantage.
That’s why following the right insiders is such a powerful dip-buying strategy.
Last week alone, we sold several of these insider positions for 30–40% gains each – positions we had held for just weeks or even days.
And if the dip plays out like it did last month, this could be just the start.
So if you haven’t yet, please click here to guarantee your spot for my dip-buying masterclass later this afternoon…
Where I’ll show you:
- How to access the database containing the records of all these insider trades…
- The subtle yet dangerous mistakes traders make when trying to follow these insiders…
- The 3 counterintuitive insider buying signals you must know about…
If you missed out in August, don’t let yourself make the same mistake twice.
Come to the masterclass for the reveal of my complete “insider” dip-buying playbook.
See you at 3 p.m. ET later – the login details will be in your inbox before it starts.
Ross Givens
Editor, Stock Surge Daily
