Hey, Ross here:
Market leader Nvidia closed lower to end last week…
And the “breadth bears” are screaming louder than ever.
So to start the trading week, let’s look at some signs that breadth might actually start improving again from here on out.
Chart of the Day
This is the Equal-Weight S&P 500 index – meaning it’s how the S&P 500 would look like if every stock in there was given equal weightage, instead of by market cap.
Since it thus “cancels” out the effect of the dominant market leaders, it’s another way of gauging market breadth.
As you can see in the chart, the index appears to be forming a bullish wedge pattern – which could signal a strong breakout higher.
And since the broader market is still rising – with the regular S&P 500 closing higher last week – this would show that this rally still has real legs.
Insight of the Day
A breadth breakout would mean big gains in the smaller and lesser-known stocks.
Should the Equal-Weight S&P 500 index break out, it would mean substantial returns in many stocks most investors and traders don’t pay attention to.
That’s an opportunity…
But to truly maximize this opportunity, you need to know which stocks could break out far higher than the others…
And that comes down to understanding a common reason behind such outperformance…
Which is the presence of hidden price-moving catalysts that have yet to be priced in.
That’s why I developed a strategy for following the trades of those who know about these hidden catalysts – the corporate insiders.
And that’s why tomorrow, Tuesday morning at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will show you exactly how to use this strategy in your own trading.
After my live masterclass tomorrow, you’ll know:
- How to access the database containing the records of all these insider trades…
- The key mistakes people make when following these insiders…
- And the 3 counterintuitive insider buying signals you must know about.
There’s a reason this strategy has never had a losing year.
So make sure you click here to save your seat for my live masterclass tomorrow…
And keep an eye out for the login info in your inbox before it starts.
See you tomorrow morning at 11 a.m. ET.
Ross Givens
Editor, Stock Surge Daily
