Hey, Ross here:
The pivotal jobs report comes out in just a bit.
That will have a big impact on how the market moves in the near term.
In the meantime, let’s see how market sentiment has been holding up.
Chart of the Day
This is the results of the weekly survey conducted by the American Association of Individual Investors (AAII).
Despite the sharp selloff on Tuesday, bullish sentiment remains above average – while bearish sentiment has actually decreased.
Most would have expected the opposite to be true, but the data shows otherwise.
And that’s why, as I elaborate in the Insight of the Day below, you should always be very careful about taking things at surface level.
Insight of the Day
What’s “obvious” on the surface may actually turn out to be the complete opposite when you probe deeper.
Too many traders never bother to go beyond the surface.
They see a narrative being pushed out that seems to fit what’s going on – and they believe it wholeheartedly.
But if they bothered to probe deeper, they may see that the truth is actually the complete opposite of what the “obvious” narrative is.
Right now, despite the media ramping up their fear mongering ahead of the jobs report, the market may actually be much more optimistic than it appears.
And this pattern applies to individual stocks as well.
You may see a beaten-down stock that, on the surface, seems headed for the dumps.
But suddenly, it surges – handing those who saw the hidden strength beneath the surface some rapid gains.
And do you know which group of traders almost always knows about this hidden strength?
The corporate insiders exploiting an SEC loophole to trade their own company stock.
They know more about their own company than any Wall Street analyst can…
And when they see an opportunity to get in on their own company stock at a massive discount – they pounce.
And that’s something you can take advantage of if you know how.
That’s why in just a bit at 11 a.m. Eastern later this morning…
I’m going LIVE for a masterclass to show you my complete playbook for taking advantage of this insider trading.
Last week alone, we took advantage of the August rebound to sell several of these insider positions for 30–40% gains each.
And with September weakness on the horizon, we now have a second shot at such fast gains.
So, if you haven’t yet, make sure you click here to guarantee your slot for my insider masterclass later this morning…
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 miss out this month as well.
The login details will be in your inbox shortly.
See you at 11 a.m. ET.
Ross Givens
Editor, Stock Surge Daily
