Hey, Ross here:
Much more good news in the markets this week compared to the last.
But as I explain below – don’t wait for the market to recover.
Note: This newsletter will be taking a break for the Thanksgiving holiday for the rest of the week. Look out for the next edition Monday morning.
Chart of the Day
This chart compares the drawdowns in the cap-weighted S&P 500 index…
With the drawdown of the average S&P 500 stock.
Right now, the S&P 500 is only about 3% off its high.
But the average S&P 500 stock is nearly 20% off its recent high.
If you look at the market breadth metrics, that shouldn’t be a surprise.
Nearly 50% of all stocks are still trading below their 200-day moving averages…
And over 60% of all stocks are trading below their 50-day moving averages.
Market breadth is still pretty weak – despite signs of a clear rebound in the indexes.
But does this mean we should wait for market breadth to improve before making a move?
Not at all.
In fact, doing so could mean leaving a ton of money on the table.
I explain why below.
Insight of the Day
The best opportunities come from the recovery in market breadth.
Sure, by the time market breadth recovers…
We can take that as an indicator that the bull market is strong again.
That’s all well and good.
But when it comes to seizing opportunities to beat the market…
If you wait for that to happen, it’ll already be too late.
It’s like when I told you in April that the lows were in – and that was time to start buying…
Market breadth was still extremely bad.
And yet, that was the best time to buy.
The money is made in the rebounds.
And because it’s Thanksgiving week, trading volume tends to be lower as well…
Which means that even smaller money flows could trigger big price movements.
That just adds more juice to this urgent opportunity.
Don’t wait for the market to recover.
And speaking of Thanksgiving…
Later this morning at 11 a.m. Eastern today…
I’m going LIVE to reveal a very special Black Friday opportunity you’re not going to want to miss.
We’re holding our biggest sales event of the year…
And handing you the absolute BEST deals on my most premium research services.
I’ll be there LIVE walking you through the nuts-and-bolts of each strategy…
And explaining how each one will help you target different sets of opportunities in this uncertain market.
If you’ve even thought about adding a new and proven strategy to your toolkit, make sure you show up.
Just click here to register if you haven’t already…
And I’ll see you in a few hours 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 is very honest and makes sure you understand what he is reviewing.
If you ask a question in the chat box, he WILL answer it and review the specific stock answer.
Ross is one of the best to learn from.
Thank you, Ross. I can see why you left Wall Street. You are helping real customers in the real world.”
Ross Givens
Editor, Stock Surge Daily
