Hey, Ross here:
As I said yesterday, with the market oversold, a market bounce is starting. And that’s an opportunity.
Chart of the Day
This chart shows the percentage of S&P 500 stocks trading above their 200-day moving average.
As you can see, as of last Friday, that percentage was the lowest it has been all year – even though the market is still up year-to-date.
We will need to see a meaningful reversal in this trend for the bull market to resume.
As I said, this bounce could just be a “tactical” one – or it could eventually lead to the resumption of the bull market.
Only time will tell.
Regardless of which is which – it’s still an opportunity we can exploit.
Insight of the Day
Broad market sentiment doesn’t need to shift all that much for a bounce to occur.
Too often, many traders think that for the market to rally, there must be a significant shift in broad market sentiment.
That’s simply not true.
Market sentiment can still be highly fearful – but the market can still rally.
That’s what’s happening now…
Which is why if you don’t move fast, you could miss out altogether…
And why I’m going LIVE right now to showcase my strategy for spotting the specific stocks with the highest likelihood of making a big surge in this rally.
So just click here to join me in the live room now…
And I’ll explain everything inside.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
