Hey, Ross here:
Lots of naysayers out there are talking about the market “peaking” just because the S&P 500 took well over a year to hit a new all-time high.
But as the Chart of the Day shows, this is actually a good thing.
Chart of the Day
This chart shows how the S&P 500 index performed a month, 3 months, 6 months, and a year after a new all-time high that occurred after a year without making one.
And as you can see from how green the chart is – most of the time, subsequent returns have been very positive.
So, no – I don’t believe that the new all-time high we just saw was the end.
In fact, it’s likely just the beginning. Stay ready.
Insight of the Day
Search for “intermediary opportunities” while waiting for the next big breakout.
I’m a breakout trader. I search for high-probability breakouts in individual stocks, and then position myself at strategic entry points.
When the entire market breaks out, these select individual stocks could shoot up even higher.
This strategy requires patience because you can’t force breakouts – you just have to wait for them.
But while waiting for these big breakouts, there are always what I call “intermediary opportunities” we can take advantage of.
And right now, the biggest driver of these intermediary opportunities is earnings season – a time where individual stocks can make big moves even if the market is moving sideways.
That’s why later today, at 4 p.m Eastern…
I’m going LIVE for a masterclass explaining how you could seize all the intermediary opportunities presented by earnings season…
By leveraging the knowledge of a group of insiders with some of the best track records I’ve ever seen.
And we’ll send you the login details closer to the masterclass start time.
See you then.
Embrace the surge,
Editor, Stock Surge Daily