Hey, Ross here:
I warned you at the beginning of the month that August would be choppy – and that we would likely see a pullback.
Sure enough, August has been a choppy ride…
And now, it looks like the pullback may finally be here.
But here’s what most miss – it’s looking like a narrow pullback.
Chart of the Day
The Nasdaq 100 – the 100 largest stocks on the Nasdaq – is now back down to levels last seen in late July.
It’s also just fallen back below its 21-day moving average (blue line on chart).
And while it’s only down 3% from intraday high right now, the pullback could only just be starting…
Especially considering that the odds of a September Fed rate cut have now significantly fallen to just over 80% from close to 95% after the release of yesterday’s Fed meeting minutes.
But what most people are missing is that this is a narrow pullback – so far mostly confined to only the tech sector.
Meanwhile, other sectors – especially in small-cap stocks – are surging. Take a look.
Don’t let the narrow pullback stop you from going after the top stocks in these sectors.
P.S. Smart traders know they can’t fall behind in a market as choppy as this one. So just text the word “trade” to 87858 and get this newsletter straight to your mobile – so you never miss out.
Insight of the Day
Thanks to the media, most people will conflate the narrow pullback with a lack of opportunities.
The narrow pullback we’re seeing is affecting the tech sector the most.
This is the sector the media loves talking about, because it gets clicks.
So you can expect the next couple weeks to be filled with exaggerated headlines talking about “the end of the bull market”… “the AI bubble bursting” and all the usual bearish suspects.
That’s how most people will end up conflating this narrow pullback with a lack of opportunities in general.
You know better.
You know that there are still plenty of opportunities bubbling under the surface.
In fact, the true “in the know” traders are laughing at all this manufactured market panic…
Because it just means more opportunities they can exploit for themselves.
And tomorrow, Friday August 22 at 11 a.m. Eastern…
I’m hosting a LIVE session to show you how to trade like these “in the know” traders…
The ones banking it in while others are panicking.
The strategy I’ll be demonstrating exploits an SEC loophole to find stock wins of 131%, 670%, and even 1,560%.
And with a wave of unwarranted fear set to slam into the markets, now is the best time to use it for yourself.
So click here to secure your seat for my live strategy reveal tomorrow…
And I’ll see you Friday morning at 11 a.m. ET sharp.
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
Customer Story of the Day
“Ross just gave one of the best enlightening reviews of the current trading market.
It was thorough, easy to understand, reviewed indicators that can help any trader and very attentive to our question to clear up any misunderstandings of the market.
Recommend for a Newbie to a more sophisticated Trader. Thank you.”
Ross Givens
Editor, Stock Surge Daily
