Hey, Ross here:
The market chop continues…
But the Feb 5 low continues to hold as support.
Still, don’t expect this bumpy ride to end anytime soon…
Especially not with this strange paradox happening right now.
Chart of the Day
This chart shows the percentage of stocks at 52-week highs and 52-week lows.
And as you can see…
BOTH percentages are increasing.
In other words, we have more stocks hitting one year highs AND one-year lows at the same time.
The technical term for this is “dispersion”.
And when you consider the net effect of this paradox, it’s not surprising that we’re seeing such a choppy sideways market.
The winners are canceling out the losers (and vice versa).
The obvious play here is to stick to the winners and steer clear of the losers.
But there’s one “non obvious” thing most traders are missing when trying to do this.
I explain it in the Insight of the Day below.
Insight of the Day
We need to get ahead of the rotation – instead of chasing it.
The heavy dispersion we’re seeing in the markets right now is a result of the rotation.
The rotation shouldn’t be new news to you.
Most traders and investors are aware of it.
But the mistake they’re making is chasing the rotation…
Which leaves them perpetually one step behind – and always buying into overextended sectors and stocks.
Instead what we want to do is get ahead of the rotation…
And target areas where the market is rotating to NEXT.
That’s why every week, I go LIVE to break down what I’m seeing in the markets in real time…
And show you where I believe the market is moving to next.
If you want to be part of these weekly sessions…
It’s only going to cost you $5 for an entire year…
And you can get more details on this deal by clicking here.
Customer Story of the Day
“Ross has been a consistent investment pro, guiding me for the past 2 years.
I’ve made a profit of $21,000 in that time frame.
His live Zoom’s are personal and profitable.
Calls them like he sees them, no BS! I’ve just upgraded to life membership.”
Ross Givens
Editor, Stock Surge Daily
