Hey, Ross here:
Welcome back – I hope you had a great Memorial Day weekend.
The pullback I said would happen appears to be continuing.
The bears say that this is a sign that the buyers are exhausted and the rally is unsustainable.
The truth is, there’s more than enough money on the sidelines to keep it going.
Chart of the Day
There is now a staggering $7.2 trillion sitting in money market funds – an all-time high.
That’s the “dry powder” that can keep the bull market going.
And the thing is, this figure is likely actually underestimating how much money there is on the sidelines.
Because the stock market has been rallying while the amount in money market funds continues to pile up.
That means the inflow into stocks is coming from elsewhere (that we likely don’t have aggregate data for).
So the question is, what would it take for this “dry powder” on the sidelines to come flowing in?
I explain more below.
Insight of the Day
The flushing out of the “weak hands” is usually a strong catalyst for those on the sidelines to come rushing back in.
Right now, the weak hands are being flushed out of the market.
As I’ve said before, this is perfectly normal, healthy, and necessary.
This is what it will take for the rally to continue.
And usually, once all the weak hands have been flushed out and the market starts moving higher…
It gives those on the sidelines the confidence to come back in…
Which gives the rally even more momentum.
But if you want to take maximum advantage of the continuing rally…
You need to position yourself during the pullback – not after.
That’s why later this morning at 11 a.m. Eastern…
I’ll be going LIVE to show you a rules-based trading system for capitalizing on this pullback.
The best part about this system is that it’s 100% “process-driven” – allowing you to take all the emotions out of the equation.
This mechanical system can help you target moves like 177% in 11 days… 148% in two days… and 353% in three months.
But considering how steep this recovery has been – this could just be the beginning.
So don’t miss it…
Click here to guarantee your seat at my live session if you haven’t already…
And I’ll see you in just a bit at 11 a.m. ET.
Customer Story of the Day
“Ross makes compelling arguments and shows mastery in his craft by explaining complex topics in simple terms. Great stuff.”
Ross Givens
Editor, Stock Surge Daily
