Hey, Ross here:
Hope you had a restful long weekend, and welcome back to a new trading week and month.
Last Friday’s inflation data came in slightly below expectations, solidifying the case for a Fed rate cut later this month.
Despite the early-month selloff, August turned out to be yet another positive month for the markets.
And as the chart below shows, this recovery has happened across the board.
Chart of the Day
This is the percentage of stocks trading above their 50-day moving averages – a gauge of medium-term trends.
Right now, 66% of all stocks are in medium-term uptrends, only slightly below the July highs and above average for the year so far.
Notably, this recovery has occurred despite many tech stocks still faltering.
As I said, this recovery extends across the board.
And with the Fed due to cut rates later this month – we could just be getting started, even with seasonality being against us.
Insight of the Day
Many traders equate the big popular tech stocks to the entire market.
There’s no doubt that Big Tech has been the biggest bull market winners of the past decade…
So much so that many traders equate their performance to that of the entire market.
Big Tech is going up? The market must be doing good.
Big Tech is going down? The market must be performing poorly.
This creates a kind of “tunnel vision” that causes them to miss out on opportunities in the lesser-known stocks, which are often far more lucrative.
Many of these smaller stocks are lifting off right now…
And if you have a proven trading edge for identifying the hottest prospects in these smaller stocks, you can easily beat the performance of this bull market.
I believe the best edge right now is following the corporate insiders – who already know what’s coming down the pipeline in their own companies.
Last week, we sold several of these insider positions for 30–40% gains each – positions we had held for just weeks or even days.
It would have taken you many months to get those kinds of gains in an index fund – and that’s assuming a strong bull market.
We also just entered a couple high-potential insider positions that I believe will soundly trounce the market.
That’s why later today at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will give you everything you need to start taking advantage of these insider opportunities for yourself.
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…
It’s basically my complete “insider” playbook.
So, if you haven’t already, make sure you click here to “lock in” your slot for my live masterclass later this morning…
And I’ll see you in just a bit at 11 a.m. ET.
Let’s crush September together.
Ross Givens
Editor, Stock Surge Daily
